Organizations of all sizes look for a simpler way to manage orders, review purchases, and get some insight into where spending is occurring. Having a purchase order system can help deal with purchase orders and make sure appropriate payment are made and inventory stays accurate. With hundreds and thousands of goods received each day, it […]
Spotting AP Fraud with 2-way and 3-way Matching Mechanisms Read More »
It is the Accounts Payable (AP) department that handles cash flow within the organization. There might be a lot of circumstances where mistakes can happen. The good news is that most of the mistakes are avoidable by following some of the best practices. Here are a few best practices that empower AP departments to perform
Best Practices that Impact your AP Operations Read More »
When businesses think of saving money, they look for ways to cut back expenses. Cutting down on supplies, and reducing the amount spent on each department are some of the ways to save money. However, cutting back is not always the solution. When you take the accounts payable department, cutting back the number of employees
Automation to Cut Costs and Benefits Business Bottom Line Read More »
Right from invoice capture to approvals, accounts payable department has become a strategic partner in any organization. While accounts payable department has undergone a series of transformation through automation, it should find another level of simplicity through integration. Here, we explain to you how automation can amplify the results while giving you a clear picture
Accounts Payable Automation: What is in it for your Business? Read More »
It’s a known fact that automated solutions give businesses a significant boost – especially for those that hold multiple branches worldwide. Mobile and cloud-based technologies have much to do with accounts payable. As companies grow, they need smarter and faster accounting services. The following are some key considerations that help succeed your business: Invest less
How Does Accounts Payable Software Help your Business Grow? Read More »
To thrive in the global economy, companies need to have a strong idea of their cash flow. By understanding when and where money is flowing in a business, companies have to effectively manage spend, and minimize errors. Monitoring spend in real-time can be crucial to a company’s growth. As business grows, the accounts payable processes
Key Ways to Streamline Cash Flow Management Read More »
Organizations are leveraging technology in every part of their processes, so why should the accounts payable department continue working with outdated and time consuming activities all the time? And, why don’t you automate those old-fashioned practices and make the job of your AP department easy. You can transform your AP operations by automating these five
3 Mundane Tasks your AP Specialists Never Have to Do Again Read More »
You might be thinking your accounts department is doing well. However, if you are not able to measure the performance and profitability, especially when it comes to invoice approvals and payments, how can you tell? Today, productivity is a measure of success, so knowing how to evaluate the productivity throughout the P2P cycle is important.
Auditing Benchmarks for your Accounts Payable Processes Read More »
Accounts payable departments have to spend many hours on data entry to manually input repetitive, high-volume business transactions such as invoice processing. The rise of automation is helping handle the long-held and archaic concerns associated with manual-driven expense and AP management. The advent of intelligent mobile receipt processing technology to execute ad hoc transactions will
AI Drives Accounts Payable Automation in this Information Age Read More »
How the accounts payable department improves the business bottom line is a billion dollar question for business owners. Besides audits, fraud prevention, and vendor management, there are certain things that make organizations top performing. The following are the best AP practices that drive business bottom lines. Minimizing Over payment or Erroneous Payments In the procure-to-pay
Top Reasons Why Every Business Owner Should Consider Accounts Payable Software Read More »
