Getting signatures from clients in order to close deals has always been a hassle since the act of signing has to occur in person, the businesses either had to go to the clients or the clients had to go to the businesses. In today’s digitized age, such offline transactions are neither preferred nor efficient for […]
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Managing your Accounts Payable (AP) processes is overwhelming. With so many challenges, it is difficult to handle your AP procedures efficiently. However, most of the AP challenges can be overcome with the help of automation. Let’s take a look at some of the most common AP challenges across any organization: Data Entry Manually entering data
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The benefits of AP automation are countless; including saving employee time, adding efficiencies, and gaining better insight into company spend. Vendor satisfaction is again another important aspect to consider. And yes, definitely automating invoice payment process is a big benefit for vendors and sets the stage for the entire process. AP automation keeps your vendors
Winning Procure-to-Pay Cycle with AP Automation Read More »
Today, the nature of the AP function has changed from a cost center to value generator. Unfortunately, many AP departments are unable to evolve as they are struggling with outdated technology and manual invoice processing. Streamlining AP workflow and procure-to-pay supply chain will result in better, faster outcomes and empowers both buyers and suppliers. Invoice
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While some businesses understand the benefits of automating Accounts Payable (AP) processes, many are still thinking to make a switch. Following outdated AP processes can result in challenges for companies. Businesses should reduce time spent on tracking and monitoring while focusing on growing sales, expanding markets, and boosting efficiency. The following are four ways of
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Certainly, Accounts Payable (AP) is considered as an important part of any organization. An effective AP department can establish positive vendor relationships, flexible payment terms and effective cashflow. However, there are a few major pain points your AP department is experiencing. Organizations can benefit when you address the key issues: Invoice Review Sending invoices to
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Businesses are increasingly moving away from using pen and paper to sign important documents and shifting to online e-signature software solutions. For this reason, the global e-signature market is predicted to grow at a healthy annual rate of 32%, rising from $663 million in 2016 to $2.66 billion by the year 2021. There are many
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While the majority of companies are still relying on manual procedures for Accounts Payable (AP) invoice processing, technology is driving many organizations to implement automation as a part of their AP strategy. The need for real-time data is the top pressure for companies working with manual AP procedures. High invoice processing costs, exception rates, and
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Processing expense reports takes some time, especially if there are errors or discrepancies. If your finance department is struggling to process expense reports in a timely fashion, it is likely you should review and update your expense reporting process. Manual expense reporting will slow down the process and increase the need for human intervention. At
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Whether you are an SME or a large enterprise, every business wants to increase revenue and save money. An ideal way to do so is to ditch paper and sign business documents online. Business owners, SMBs, and entrepreneurs around the world are realizing the benefits of electronic signature software, which provides a simple and effective
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