In a modern enterprise business, there isn’t much of a reason that the accounts payable department should be relying on paper at all. Historically, when imagining what typical AP looks like, one might envision paper invoices, paper checks, sticky notes […]
Supplier early payments yield advantages to both suppliers and to accounts payable. Suppliers have their cash flow sooner, and AP often can take advantage of discounts for paying early. For many departments that lack proper automation for their invoice management, […]
Managing an accounts payable department can prove to be quite demanding, but with the proper tools, it can be rewarding and profitable. Accounts payable is often looked at as a subordinate department—expected to cut costs while increasing performance, visibility, and […]
It’s no secret that the accounts payable department of any large business has a lot on their plate. Between manually keying in invoices, managing exceptions, and handling supplier inquiries, the average AP staff’s to-do list seems never-ending. What many departments […]
Due to the great resignation, many accounts payable departments are understaffed, and struggling to find new people to properly take on the job. Often times, the staff that already exists are either unable to come into the office or would […]
Cloud-based accounts payable automation ensures that accounts payable departments thrive by helping their organization achieve maximum efficiency and productivity. The results of such efficiencies pave the way for improved decision-making and business forecasting. By utilizing enterprise-grade accounts payable automation and […]
We are living in the age of technology, but unfortunately, many accounts payable departments are stuck in the past. Even though technology is advancing more every day, some departments are still utilizing low-level processes, or even entirely paper processes. These […]
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 overlooked revenue stream for the accounts payable department is the dynamic (or […]
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 supplier relationships. This may seem like a selfish way of thinking, but that is not […]
