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What Is Payment Disbursement Outsourcing?
Do you like it when you provide a service and then don’t receive payment on time? Of course not! None of us want delays in receiving the payments that other companies or individuals owe our businesses. Your company’s suppliers don’t […]
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How to Make Procurement Compliance Easy for Employees Using Automation Software
The goal of implementing automation technology in businesses is to empower human employees. Human-centric software design makes routine tasks faster and easier, reduces frustration, and frees up employee time to focus on the most rewarding parts of their jobs. One […]
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Why Is Spend Management So Important, and How Can Automation Help?
Simply put, spend management is the strategy companies use to control their spending. This strategy does not only involve purchasing and procurement, although that department plays a vital role. It can also involve collaboration between several different departments and financial […]
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Digitizing Payables for the Post-Pandemic Future
When Covid-19 forced businesses to move their processes online in 2020, the scramble to digitize and automate left many companies with a cobbled-together method for receiving invoices and making payments. Accounts Payable often had to figure out how to work […]
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5 Ways that Purchasing Software Can Help the Transportation Industry
Today, integrating cloud-based solutions is one of the biggest current trends in the transportation industry. Business processing systems like the Software-as-a-Service solutions from NextProcess offer scalability, accessibility, and flexibility that empower transportation companies to improve essential business operations. One of […]
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3 Things You Need to Know About the Ways Accounts Payable Automation Helps Simplify Audits
Audits are something no one looks forward to. We know how valuable audits can be as an internal tool for evaluating business processes, but that doesn’t make them fun. We also know external audits are a possibility that companies would […]
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How Can Intelligent Character Recognition (ICR) Technology Help Your Business?
As technology continues to advance, ways of applying new technologies to the modern business world also advance. Companies increasingly rely on digital technology to automate workflow and streamline processes like accounts payable and purchasing. Character recognition is one type of […]
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The Transportation Industry’s Guide to Using Automation to Improve Expense Reporting and Document Management
In the transportation industry, whatever business solution you turn to for managing processes like travel and expense reporting needs to work just as well on the go as it does in the office. This is equally true whether your company […]
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Budgeting, Business Planning, and Process Automation
If you’re in charge of managing a business, it can be hard to plan for the future when there are so many immediate concerns to worry about. This can be especially true for small businesses where a few people are […]
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5 Ways to Tune Your AP Automation for Maximum Workflow Efficiency and Improved Data Quality
The accounts payable department is one of the easiest places to notice if your organization is dealing with inefficient workflows and poor-quality data. A breakdown in workflow and data collection in AP has a direct impact on cash flow, which […]
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How to Optimize AP Visibility Using Automation Software
Though some businesses still process invoices manually, more and more enterprise companies have automated their Accounts Payable departments. That does not, however, always mean that those companies have optimized their AP as well as they could. Clunky, outdated automation can […]
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The Retail Industry’s Guide to Automated Accounts Payable Software Solutions
Optimizing accounts payable is an important step for any business. In the retail industry, it’s vital. If you cannot pay your suppliers promptly, then there’s no guarantee they’ll keep filling your orders. If you’re not tracking payment deadlines closely, then […]
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