In any organization, it’s highly important and useful to measure accounts payable for effectiveness. The importance of evaluating effectiveness is obvious; improvements are impossible without regular evaluation of the current process used. However, without proper automation, effectiveness becomes very difficult […]
Historically, the accounts payable department has been thought of as an overhead expense, not as a revenue generator or as important to future strategy. This view of AP has been, for the most part, grounded in truth–until now. With enterprise-level […]
Online portals are an essential and innovative component to utilize when automating your accounts payable department. It’s also important to know what an AP automation online portal will offer, and why they’re important. When looking at different AP automation online […]
As AP automation advances, more accounts payable departments have come to realize the benefits of taking advantage of dynamic discounting. This, in turn, has brought many AP departments into a better light within their companies. Typically, an invoice can come […]
When deciding whether to automate your accounts payable department, it’s important to have an idea of what that automation will look like for your department. Unfortunately, there are often misconceptions about what “fully automating” an AP department actually means. Many […]
There are a number of ways which AP automation can benefit the cash flow of a business. Arguably, the most important is the ability to take advantage of better invoice processing, from capture to approval. This boosts overall transparency, which […]
Drop a pebble into a pond, or skip a stone across a lake, and watch what happens. The pebble or stone sinks quickly from sight, but ripples spread from the point of impact and keep going after the pebble or […]
Today’s technology is developing and improving rapidly, so it only makes sense that businesses who are seeking to improve would be eager to utilize advancing technology. However, some AP departments are nervous about transitioning to a fully automated process. These […]
Having the right accounts payable solution can make a major difference for any company’s profitability. While organizations strive to be profitable, many accounts payable departments are under substantial pressure to manage such a large source of profit for their company. […]
