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How To Overcome Your Most Common Problems In Paper-Based Accounts Payable Processes
More businesses make the move to electronic invoices and automatic accounts payable every day. There’s a good reason for this. Paper processing is so cumbersome that more than 30% of accounts payable managers can’t even answer how much it costs […]
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Discover 5 Of The Best Tools You Have For Preventing Invoice Fraud With AP Automation
Fraudulent invoices slip through accounts payable far more often than you might think. They’re typically low amounts that don’t need payment approval and show charges for things your company actually buys, such as printer paper or telecommunications services. At first, […]
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How To Pitch Business Process Automation To Your Boss So They Actually Think It’s A Good Idea
So you’re convinced business process automation is the right choice for your company. The problem is your boss isn’t so sure. In fact, automation might not even be on their radar. You know automation can save money, improve efficiency, and […]
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The Power of Using Metrics To Monitor Capital Expenditure Planning
Making decisions about capital expenditures without having a plan is a recipe for disaster. If you’re going to manage capital projects and stay within budget, you need to set goals and take time for planning. That’s something we can all […]
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How Much Do You Need to Worry About AP Fraud? 5 Key Factors To Consider
Fraud isn’t something we like to think about. We’ll put controls in place to prevent it, of course, but unless fraud actually causes a major problem for our companies we’d rather let other people worry about it. But if you’re […]
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5 Painless Steps To Create An Effective Vendor Compliance Policy (And Why You Should Bother)
Maybe you’ve never thought about creating a vendor compliance policy. You place an order, the vendor delivers it. Pretty simple most of the time. You’ve got purchase orders to provide legal documentation if there’s a problem with the order and […]
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Want To Integrate Your ERP System With AP Automation? Here’s What You Need To Know
Enterprise Resource Planning (ERP) systems are the repository for all your company’s financial data. This makes them incredibly important as a fundamental part of your accounts payable (AP) process. When you’re upgrading to AP automation, it’s vital that you consider […]
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The 5 Things About Accounting Fraud That You Need to Know
Every company combats fraud. If your organization hasn’t yet been a target for fraud, it’s probably just a matter of time. Whether it’s internal embezzlement and purchasing fraud, fraudulent financial reporting, or attacks on the AP department, fraud represents a […]
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New Study Shows Accountants Love Automation
In some industries, automation is a scary concept. Employees often worry that they’ll be replaced by robots, automated systems, or artificial intelligence. Because of this fear, companies might hesitate to introduce new automated processes even if they don’t intend to […]
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4 Reliable Ways To Reduce Small-Business Expenses
Every penny counts when you’re running a small business. Like larger businesses, you want to grow income while keeping costs down. But you need solutions tailored to your business’ size. No matter how small your business is, you can take […]
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5 More Questions Your Accounts Payable System Provider Should Be Able To Answer
You have quite a large number of options to choose from when selecting an Accounts Payable system provider. To make sure you’re getting the best fit for your company, there are several questions you’ll need to ask the different software […]
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5 Questions Your AP Provider Should Be Able To Answer
When you’re looking for a software provider to automate your AP system, you want to make sure you’re getting the best fit for your company. With that goal in mind, there are several questions that you’ll want the providers you’re […]
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