invoice processing Archives

Automating Procurement Processes & its Importance in Today’s Business Landscape

Procurement Software / August 30, 2023

Before we discuss automating the procurement process, let us understand what its role in business. Procurement is acquiring goods and services for a business by identifying needs, finding suppliers, negotiating, purchasing, and supplier relationship management. It adds value to a organization’s growth and revenue. Limitations of Traditional Process While once a standard practice, the traditional […]

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Accounts Payable and Automation – What should you know While Investing in AP Software?

Accounts payable is a critical business process in every company. Nowadays, a majority of organizations are adopting digital transformation to stay relevant in the competitive business environment. Even if your company has the most experienced accounts payable professionals, entering data manually and tallying data line by line is strenuous. Thanks to accounts payable automation, you

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Tips To Choose a Reliable Vendor for Purchasing Procurement Software

Procurement Software / May 4, 2023

In today’s competitive business world, almost every CPO believes having an advanced procurement solution is a good idea. Many businesses haven’t implemented procurement solutions in their solutions due to a variety of reasons. If you belong to the same category of companies, then you should consider investing in procurement solutions at least now. You might

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How Automated Invoice Scanning Solution Makes Invoice Processing Easier?

Spend Management / April 27, 2023

The invoice scanning module within the AP solution replaced strenuous paper-based and manual AP workflows. An AP software solution integrated with invoice scanning increases efficiency and optimize your accounting department’s productivity. The sole responsibility of invoice processing depends on the accounts payable team. The traditional method of processing invoices is time-consuming. Moreover, manual methods of

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Everything You Should Know About Invoice Processing & Approval Workflows

Accounts Payable Software, Spend Management / December 6, 2022

A paper-based accounts payable workflow typically deters efficiency. Traditionally, employees are required to manually enter the data and track documents at every step of the AP process. The manual data entry process is time-consuming and may lead to various types of discrepancies, such as inaccurate data. However, there is a better way to handle the

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Eliminating the accounts payable pain points with automation

Spend Management / April 12, 2022

Most organizations have been working with paper-based processes when dealing with suppliers, but this approach comes with frictions. Accounts payable departments should wait for bills and invoices to go onto their table, and staff have to enter details before processing payments. The pandemic has made employees work from home and made it more challenging for

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Eliminate Manual Tasks with Automated Accounts Payable System

Spend Management / March 8, 2022

Leveraging latest tools and technologies to automate traditional procedures in your office is not something new. It has been observed that above 55% of employees spend more than 25% of their valuable time on laborious and arduous activities. If the AP methods aren’t automated, then it becomes ineffective and time-consuming. Accounts payable automation can prevent

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