Tag: AP automation software
As businesses look for new opportunities to control labor costs and streamline operations, AP departments face incompatible pressure to improve the level of service they provide while also reducing …
Fraud can wreak massive havoc for your company in terms of your reputation and finances. AP fraud is often attempted in the form of duplicate invoices being submitted for …
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 …
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 …
Multi-entity accounting practices are primarily related to complex businesses which operate as a parent company, conglomerate, or a holding company with multiple subsidiaries. But businesses that work as a …
Today, businesses are tired of following the traditional accounts payable processes and need to do something to update it. The Institute of Survey conducted a survey where nearly 88 …
Invoice fraud continues to cost millions of dollars for businesses every year. Accounts Payable (AP) automation can help prevent fraud, no matter the source. Businesses without anti fraud controls …
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 …
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 …
Over the last few years, cloud-based solutions are changing the industry and offering better visibility into spending, cost control, and operational efficiency. Manual AP processes are painful and intensive, …
