Did you ever wonder why innovative and forward-thinking companies would not select robust accounts payable solution? It seems that there are a few serious misapprehensions around the notion of automation. Such inappropriate and unfortunate AP automation myths have a negative impact on the management, and they avoid automation solutions and their immediate advantages. Here we […]
Key Accounts Payable Automation Myths to Avoid Read More »
The growth in invoicing processes and digital payment has created multiple opportunities for businesses across the world. Effective gains, flexibility, and latest business opportunities have accelerated in the past decade. For this, we must be thankful to the modern age of technological advancements. In spite of the advancement in technology around accounts payable, there is
Drive Away Fraudulent Activities with Accounts Payable Solution Read More »
Today, in this modern competitive business world, one might be astonished to find that vendors are still sending paper invoices. Snail mail is still the most common invoicing process in some parts of the world. But this does not indicate that your accounts payable department need to be stuck with the traditional paper stacks on
Do You Believe Paper Invoices Belong in the Past? Read More »
Today, businesses are simply tired of manual accounts payable processes and they want to do something about it. It is estimated that over the next two years, 85 percent of businesses will plan to minimize the number of paper invoices they get from vendors by 25 percent, per the Institute of Finance Management. A majority
Things You Must Look for in Accounts Payable Automation Solutions Read More »
Most accounts payable departments usually worry about the month-end closing process. If done accurately and quickly, then you can save your company significant time and money, but it becomes a challenging task when you have to rely on the manual accounts payable process to make things right. So, if you want to make your month-end
Automate Accounts Payable and Improve Month- End Close Read More »
Today, accounts payable department in many organizations still enter invoice data manually. Employees have to spend a lot of time on printing paper checks, filling up paper documents, stuffing envelopes, and more. Performing AP tasks manually is not only time consuming but also costs a lot of money leaving your accounts payable process prone to
Few Tasks to Automate in Accounts Payable Read More »
There are scenarios where you pay to a supplier for infrastructure that didn’t exist, and pay for goods never purchased. Yes, these are real-time scenarios happening in every company. In the real-time world of company spend and supplier relationships, it is challenging to avoid fraud. Fraud ends up costing companies to an estimated 5% of
Automation: The Ideal Way to Fight Accounts Payable Fraud Read More »
Today accounts payable is considered to be one of the most broken financial processes in all of the business. Because of this, various organizations looking to automate their accounts payable processes and solves this problem. There are numerous cases where processes surrounding AP functions need to take full advantage of all possible savings generated by
Best Practices To Automate An Accounts Payable Software Read More »
Accounts Payable plays a crucial role in business operations at any organization. The primary function of an AP department is to ensure that all the official invoices from the vendors are approved, processed, and paid. However, the sad truth is that the manual process slows down the payment cycle from achieving something more than only
Top 3 Ways Your Organization Needs To Automate Accounts Payable Read More »
Is your company spending more on accounts payable processes? Considering the time spent on invoice reconciliation and management, it’s no wonder it’s such a bother. Especially when many of the costs can be avoided with automation, going with manual procedures doesn’t make any sense today with the other more efficient method available. Finding the Right
Choosing The Right Accounts Payable Solution Makes The Difference Read More »
