When it comes to direct spend, there are so many controls in procurement and accounts payable. The purchase of goods depends on the company, however, to run the day-to-day operations of the business, you have to effectively manage the indirect spend. Insights on indirect spend are lacking due to decentralization and lack of protocols, rules […]
The 3C Approach to Managing your Indirect Spend More Efficiently Read More »
Technology has revolutionized the way business processes work. A part of it is intelligence capture technology, which is a rule-centric and data-centric approach, wherein invoice settings for all the countries, currencies, tax rates, and business rules will be entered into the system. Automated accounts payable software would extract key information such as invoice number, date,
Giving Accounts Payable the Business Intelligence Touch Read More »
There are a number of accounts payable software solutions in the market. Choosing the best software requires you to consider many aspects. Of the many, the following are a few key features you should look for when choosing your AP solution: Detailed reporting Your software should support comprehensive reporting features so that the data presented
Choosing accounts payable software – 5 things you should look for Read More »
Effective functioning of the accounts payable department is critical for any organization. Comparing existing AP processes, performance metrics, pain points, and strategic objectives with other companies can help you set benchmarks. The AP department faces challenges while processing invoices due to the following reasons: Overhead costs and turnaround times to process a single invoice Manually
Accounting Processes made Easy Read More »
Manual invoicing will soon be replaced with cloud-based accounts payable software. Lot of companies believe that automation is a major step towards efficient financial management and slowly invoice automation is gaining traction. Automation will reduce accounts payable costs and optimize the invoicing process. According to a survey, companies that automate AP processes have increased their
Manage your Invoices like Never before with Accounts Payable Software Read More »
Managing invoices and other documents is a real challenge for the accounts payable department as there is no specific format for invoices. Hence, capturing and organizing the invoices that roll out from different locations is a notorious task that requires you to put a lot of effort. With SutiAP, your accounts department can make faster
Streamline your Accounting Processes with SutiAP Read More »
The rise in business expenses is forcing many organizations to take a closer look at their internal processes in order to find ways to cut costs, improve efficiency, and increase bottom line. One of the best areas is accounts payable where automation plays a key role. Automation cuts costs associated with the process, makes it
Automation is the Key for an Improved Accounts Payable Process Read More »
Manual AP processes create a high number of errors that result in a higher cost per invoice and lower operational efficiency. An automated solution can decrease the invoice processing time and improve accuracy, and provides high visibility and control over the entire process. Online AP automation software addresses the unique needs of organizations that process
Online AP Automation Software Offers Significant Cost-savings and Efficiency Read More »
Organizations can reduce the cost of invoice processing, simplify transactions, and build effective compliance with an automated invoice processing solution. However, it is difficult to deal with non-PO invoices as that requires a solution that can properly account transactions that are outside of normal purchase orders. A robust accounts payable software solution helps you develop
How Accounts Payable Software Deals with Non-Purchase Order Invoices Read More »
The Accounts Payable (AP) specialists within an organization are responsible for the timely payment of outstanding liabilities to the organization’s suppliers of all kinds. Suppliers deliver their supplies, issue their invoices, and collect payment within a defined period. As with other business professionals, AP specialists face their own challenges. Let’s see some of them. Paper
Challenges faced by Accounts Payable Specialists Read More »
