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This Is What You Need To Know About Your Data Capture Options For Accounts Payable
One challenge facing accounts payable today is that you receive so many different types of invoices. Some arrive on paper with your orders, others are faxed, some come attached to emails, and others arrive in electronic formats such as EDI […]
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How To Avoid the Most Common Mistakes That Companies Make When Implementing New e-Procurement Software
Do you want a procurement solution that only half-works? Or that fails entirely after you’ve poured money into it? Of course not! But unfortunately, that’s what a large percentage of companies end up with when they try to implement an […]
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Two Unexpected Ways Autoprocessing In Accounts Payable Saves Your Employees Time
If you want to speed up your business processes, automation is the way to go. Auto-processing will dramatically increase how quickly your accounts payable department can process invoices, payments, etc. But that’s not the only time-saving benefit. While it’s true […]
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Your Essential Guide To Implementing Paperless Accounts Payable
You’ve probably heard or read about all the benefits of having a paperless accounts payable system. But there’s so much paper in AP right now that going paperless can seem like an impossible goal. Paper invoices, paper approvals, paper records, […]
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What’s The Difference Between Image Capture and Image Indexing?
Have you ever been frustrated with your digital image capture? You’ve scanned a paper document into the system, opened it up, and then found out you can’t search for keywords or interact with the data. You thought digitizing your paper […]
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To Receive Or Not To Receive: Inventory Management and 3-Way Matching
Just about everyone is using purchase orders nowadays. Companies of all sizes find this system is a more straightforward way of managing orders, reviewing purchases, and getting some insight into where their spend is coming from. It makes sense to […]
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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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Automating Your Accounts Payable: Weighing The Pros And Cons
Automation is a popular problem-solving solution that many companies choose to manage their back office functions. But is it the right solution for your company? You can really leverage the power of automation when working with the right provider. But […]
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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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Workflow That Works: This Is Why You Want To Improve Your AP Processes
Accounts payable might not have the exciting revenue increases of sales or the fashionable benefits of new product research. But it’s certainly an important part of your organization. A well-managed AP department can nurture positive vendor relationships, flexible payment terms, […]
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