To be successful in this competitive world, businesses need to leverage any advantage available to them in terms of strategy, cost, or time. Accounts payable as function keeps track of all invoices, payments and spend, hence is the biggest opportunity for cost saving. Also, it provides the business with actionable information for strategy creation. But […]
The Key Tools For Establishing A Solid AP Department Read More »
In any organization, accounts payable can be paper heavy. Businesses always have a mass of information that has to be tracked, stored and managed and the processes such as supplier contacts and account filling have to be dealt quickly and efficiently. On top of all, large businesses often have a more complex structure of cost
Accounts Payable Software To Overcome Increasing Operational Challenges Read More »
Payment security is the main concern for every organization, whether they process transactions digitally or manual paper processes. Today, online cyber attacks on businesses are on the rise, and technology is struggling to keep up. Though this may seem awful, there are different ways you can fight against payment fraud and better protect your transactions.
Enhance Payment Security With Automated AP System Read More »
Can digitization help prevent fraud in accounts payable (AP)? AP fraud is the biggest pain for businesses, which is costing organizations more every year. Accounts payable is where fraud can be committed easily. Preventing accounts payable fraud can seem increasingly overwhelming as invoice and account data all in need of protection against scams. However, putting
Best Fraud Detection Strategies in Accounts Payable Read More »
Of all the major procedures a company deals on a day-to-day basis, invoice management tops the list. Businesses are still relying on manual processes such as spreadsheets or paper-based processes to manage invoices. The costs and benefits of switching to a cloud-based accounts payable solution are very clear. The following are the five reasons to
Five Compelling Reasons To Automate Your AP Processes 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 »
Modernizing your business processes can make your business as good as it should be. Taking an old-fashioned approach to streamline invoice processes is making businesses spend more time on invoicing than they would with an efficient process. Recent research revealed that the average cost to process an invoice is $3 more compared to automation. This
Investing In AP Automation Sets Your Business Up For Success Read More »
Whether you want to increase the efficiency of your accounts payable (AP) department or want to streamline your AP process, the benefits of AP automation outweigh the associated costs. In this era of digital transformation, adapting to technology can be difficult for everyone, yet taking advantage of such transformation is critically important. Despite working with
The Benefits of the Accounts Payable Software Read More »
Have you ever checked how much your company is spending on accounts payable processes? You must take several factors into consideration such as time spent on invoice reconciliation and management, and any late fees or interest charged due to delayed payments. With all those factors, the costs will add up. However, many of these costs
The Business Value of Automating your AP Procedures Read More »
Today, most organizations are automating Accounts Payable (AP) processes to streamline their financial operations. I wonder what actually is AP automation – and is it really important for every company. Automating AP processes means approving and paying invoices to reduce paper costs and streamline invoice processes. When companies automate regular processes, they gain efficiencies, reduce
AP Automation to Keep Your Business Spending Under Control Read More »
