Managing accounts payable process requires you to understand the end-to-end process clearly. Every AP process includes four steps – invoice capture, invoice approval, payment authorization, and execution. Manually managing these steps would result in errors, limits visibility into invoice payments, and gives you no visibility into cash-flow. Key Takeaways How Manual Processes Limit Visibility Understanding the root cause of AP ...

Your organization’s buying ability majorly depends on the efficiency of your procurement solution. When the software is working well, buying goes quite smoothly. With an ineffective solution, it will lead to a host of common purchasing and procurement problems. But, thankfully, most common procurement errors have very simple solutions. Many of them can be resolved with technology. Automation is one ...

Historically, AP automation initiatives have not given enough consideration to the type of payment method chosen for disbursements. Today, the majority of organizations are continuing to use checks to pay their major business suppliers. There are differences in the costs and risks associated with a given payment method, whether a payment is made by a check or some form of ...

The growing benefits of e-Procurement software have rapidly changed the way the electronics industry conducts business across their supply chain. With constantly changing customer demands, supply chain stakeholders who’ve traditionally relied on manual processes are increasingly concerned about adopting an automation solution. Adding to this, the expectations of time, inventory, and distribution data requires them to transition to online procurement ...