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Purchasing with a Purpose: Supporting High-Level Goals through Strategic Procurement
Traditionally back-office functions like accounts payable and procurement are moving into the limelight. The AP department, for example, is increasingly recognized as the central hub for controlling spend management. Much like accounts payable, procurement can also play a strategic role […]
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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 while others arrive as faxes from your suppliers. Some come attached to emails, and others arrive in […]
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How to Strengthen Internal P2P Controls and Improve Oversight with Automation Software
Can you access all your organization’s procure-to-pay information when you need it? Is it easy to research potential issues in accounts payable? Do your employees know exactly how to comply with important financial regulations? If you can answer “yes” to […]
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How Do You Know Whether or Not to Keep Using Excel?
You’ll often read articles describing Excel as an outdated tool for managing business processes. If you’re still using Excel in your business and you like the way it works, that probably seems like an odd description. What’s going on to […]
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What is P2P? And How to Make Your Business P2P Seamless and Efficient.
The process between procurement and payment is often complicated. It involves purchase orders, invoices, tracking, budgets, order modifications, payment, and so on. P2P stands for this whole “procure-to-pay” or “purchase-to-pay” process. P2P is the process a company goes through to […]
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Increase Security With Flexible Payment Solutions
Even before the pandemic, many companies started outsourcing business-to-business (B2B) payments in an effort to cut costs and focus on core business functions. Since the pandemic accelerated many companies’ digitization, the need for digital payment management has only escalated. Outsourcing […]
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Here’s How Improving the Accounts Payable Process Improves Utility Management
Utility invoices come through every company’s accounts payable department. When everything goes well, paying them is an essential, routine part of AP’s job. Utilities payments are a time-consuming part of accounting, but there’s a good chance most people in the […]
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How You Can Use Business Process Automation to Fix 5 Common Payables Issues in Your Company
Accounts payable issues are more than just annoying. In a worst-case scenario, serious AP issues can sink a company. Delays, errors, and other issues in accounts payable can damage your company’s relationships with vendors, increase costs, and make audits more […]
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What is “Payments as a Service” and How Can It Help Your Company?
In the modern business world, going digital offers your company a big advantage. This is just as true in the world of payment disbursement as it is for automating other key business processes such as accounts payable. Digital payments just […]
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7 Reasons Why Outsourcing Procurement Services is Exactly What Your Business Needs
If you’re in a product-based business, procurement is key to your success. It’d be tough to manufacture all your own parts and materials. In some cases, it might even be impossible. Either way, things run much more smoothly if you […]
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A Closer Look at the Benefits of Payments as a Service Solutions
Digital payments are a big part of the modern business world, especially since the pandemic forced many companies to accelerate their digitization. There’s a demand for faster money transfers, digital payment methods, and payment management systems that employees can use […]
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Here Are 5 Big Advantages to Choosing a BPA Software Suite
Automating your core business processes is one of the best things you can do for your company. With so many benefits from business process automation (BPA), deciding to automate is pretty easy. After making that decision, though, it’s followed by […]
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