Many organizations are still processing invoices manually by having their AP personnel key invoices into the accounting software. Manual methods are labor-intensive and error-prone, needing full attention to process supplier invoices accurately. Data entry is time-consuming, responding to supplier inquiries and acquiring approvals that can be laggard in the process. But many businesses have started enjoying the competitive benefits that ...

It is relatively easy to think of AP as nothing more than the team where money leaves your organization to pay for goods/services. On the surface, this might not seem essential for overall business success. The bills must be paid on time, and ahead of that, accounts payable does not do much. But this isn’t true. When you look at ...

Procurement plays a crucial role in an organization due to the major influence it has on the overall cost of the business. Most organizations still use spreadsheets to manage their purchases. This can lead to critical problems, including carrying excess or less inventory, missing out cost-saving opportunities, and more. The best way is to use an end-to-end procurement management system ...