Accounts payable duplication is wide-ranging which covers any part of the AP method that is unnecessarily produced from POs to supplier documents. Critical for companies, it may refer to duplicate invoices and payments that occur often than people even think. And in such circumstances, duplicate submission takes place before the due date. It generates enormous […]
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The remote working trend is a massive structural shift in how businesses function. Threats and cyber-attacks constantly keeps your managers up all night. And the digital transformation of companies remains in full swing. So, what can be done to thrive? Since 2020, unprecedented number of workers are working from home most of the time. Around
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Today, with modern technology and procedures, your accounting teams’ future will change. Various innovations, such as automating accounts payable, electronic payments, as well as, virtual cards will become mandatory. Here we present some predictions for AP in the long run and how clients can use cloud-based accounts payable solution to future-proof business. AP Staff Have
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Today, digital payments are paving the path to the AP future. Around 95% of companies still pay their vendors by check. Tech-savvy businesses are cutting ties with the traditional payment processes and turning to quick digital methods. Implementing e-Payments, such as virtual cards, ACH, real-time payments, and more empowers you to boost effectiveness, insight, and
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Everyone knows AP automation can change the back office of your organization. But do you know that it can also help secure your business from various types of threats? Most business owners believe that AP automation will help their company overcome major cyber security threats. The Accounts Payable department is one of the most sensitive
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Today, an average organization processes around 400 invoices every month. There are chances that they are managing at least 2-3 duplicate invoices in the timeframe. The AP duplication leads to cash leakage for businesses with poor performers contending with 3% duplicate or erroneous B2B payments. Even at the companies having problems under control, it becomes
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As a finance leader, payment control is top on your mind. It is easy to understand when you are concerned about losing control and taking up more risk by leveraging cloud-based accounts payable solutions and automation. Here we present the key ways on how AP automation will give you control over the payment method. 1.
How AP Automation Improves Control Over Your Business Finances Read More »
The financial professionals working in growing organizations are well-aware of the modules present in the AP software. But at the same time, there may be key details they haven’t seen. The AP software is a subset of accounting software based on the various processes of financial transactions. The primary aim of the AP software is
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For any business, an effective cash flow is important to the organization’s success. Deploying Enterprise Resource Planning (ERP) solution gives you the ability to streamline processes, increase visibility and adds a layer of transparency to the cash flow. Whether it is invoicing, or inventory, ERP systems improve the overall efficiency of the business, no matter
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