17 BENEFITS OF PAYABLES AUTOMATION

Accuracy of Data (direct from supplier, no data entry by clerks)– Due to payables automation, the clerk’s duties have become fully automated resulting in more accurate data. With AP automation, the average accounts payable worker becomes far more efficient. Easier … Read More

How AP Automation Facilitates Business Contracts

Buyers and suppliers negotiate contracts all the time. Sometimes they are in the form of purchase orders that must be accepted when received. At other times there are lengthier general contracts involved that are negotiated before a purchase order is … Read More

Innovation with AP Automation

The very definition of an entrepreneur implies someone who innovates. Innovation is what drives the market; without it, the spirit of competition would drown in a sea of redundancy. Although innovation is often seen as something that comes from the … Read More

Surmounting the Accounts Payable Supplier Hurdle

Accounts payable technology in America has become well-established and is advancing rapidly. However, as with other technologies, even though positive changes are occurring rapidly, they are not necessarily being rapidly accepted. Defining the Problem The most efficient accounts payable process … Read More

The Ripple Effect of Accounts Payable Automation

Accounts Payable Automation Effects more than AP 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 contact … Read More

Switching to Accounts Payable Automation

Despite advances in technology, much of the work done by corporate accounts payable department’s remains manual, handled through paper. There are a number of reasons why this is so, but chief among them is that suppliers have displayed a remarkable … Read More

Older Blogs on E-Invoicing and AP Automation 2010-2013

LOSING THE OPERATOR: HOW EIPP SOLUTIONS CHANGE THE FACE OF PAYABLES You know when you have an argument and it just sort of sits with you for a while?  Like a berry seed stuck in between your teeth?  I’m still stuck … Read More

Dynamic Discounting – Turning Accounts Payable into a Profit Center

Having the right Accounts Payable solution can make a major difference for any organizations profitability.  As the song goes, “it’s not easy being green”…“I am green and it’ll do fine, it’s beautiful! And I think it’s what I want to … Read More

How AP Automation is Making a Difference

When an organization has made the decision to automate accounts payable, often the focus is on increased efficiency. AP Automation certainly provides measurable efficiency gains, but what about the soft gains? AP automation is making a difference for a lot … Read More

The Power of Supplier Electronic Invoicing

When organizations are in the market for an AP Automation solution, they rarely think about how the solution they are investigating will also enhance their vendor relationships.  This may seem like a selfish way of thinking, but that is not … Read More

Balancing the Budget with Payables Automation

People talk about cost reduction in payables automation, electronic invoicing, cloud invoicing, Electronic Invoice Presentment and Payment (EIPP), but where do the savings really come from? I thought it relevant to show where real companies have reduced costs, to show what parts … Read More

6 SUPPLIER BENEFITS FOR AP AUTOMATION

I have been working with suppliers for a few years helping them get set up with automated invoice processing. I have seen firsthand the many benefits the suppliers experience through invoice automation. They appreciate no supplier fees, invoice verification, the invoice search tool, e-mail … Read More

Building a Business Case for AP Automation

The evidence in favor of switching to automated invoice processing is pretty overwhelming. As well as being faster and more efficient, automating the process of capturing invoices can save your company money at every stage. But persuading your company to … Read More

REAPING DYNAMIC DISCOUNTING REWARDS

It’s no secret that an organization’s ability to survive and prosper often depends upon their willingness to find and utilize new revenue streams. One such innovative and often unrealized revenue stream is the dynamic discounting (or early pay discount) feature … Read More

THE HISTORY OF E-INVOICING

Since the early 1970’s businesses have used their own individual electronic systems to exchange invoice and purchase order information. These transactions have generally been in an ELECTRONIC DATA INTERCHANGE, or EDI, format.   THE US TRANSPORTATION DATA COORDINATING COMMITTEE AND EDI In … Read More