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technology in every part of their processes, so why should the accounts payable department continue working with outdated and time consuming activities all the time?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 »
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 »
Automation is ruling the accounts payable industry for years and this year, artificial intelligence and robotics will play a key role in AP. Artificial Intelligence (AI) The usage of artificial intelligence in accounts department may seem something like out of fiction, but that’s actually what going to happen in 2017. AI is nothing but implementing
Artificial Intelligence & Robotics: Emerging Trends in AP 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 »
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 »
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 »
