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3 Big Questions AP Needs To Answer
When you’re looking at your AP department to make sure it’s up to the challenges of the modern business world, there are a few key questions you need to ask. How you answer them will help you evaluate the strengths […]
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What Does AP Automation Actually Cost?
You’ve heard AP automation will save you money. That sounds great, but you want a more precise answer about the actual costs. Exactly how much money does automating your AP department really involve? Giving an exact answer is a bit […]
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4 Common Problems In Accounts Payable
It’s nearly impossible to find a business that hasn’t struggled with getting on top of their IOUs. The problem’s easy to recognize, but hard to deal with. Taking on accounts payable and turning it into an efficient department isn’t an […]
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7 Tips For Preventing Invoice Fraud
The Accounts Payable department is a prime target for fraud. Criminals looking to exploit your business take advantage of AP departments buried in paperwork to submit phony invoices and hope they’ll slip by as legitimate. A single fraudulent invoice might […]
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AP Automation and 2017 Technology Trends
If you look at the technology trends released by publications like Forbes and Boston Business Journal at the beginning of this year, you’ll see ideas related to finance automation topping the lists. Already, it looks like 2017 will be a […]
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3 Deadly Purchasing Pitfalls to Avoid
When looking at the procure to pay process of a company, a lot of companies will focus on the payment side of the equation. Accounts payable and cash flow are both definitely important. However, purchasing is a critically relevant department that […]
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3 Ways To Cut Costs With Process Automation
Business process automation is more than a fad. It’s a simple, cost-effective way to optimize your business processes while reducing your spending. It also streamlines things for employees in the automated departments, making automation a win-win for everyone in your […]
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4 Tough Problems AP Managers Face (and how to deal with them)
Modern Accounts Payable managers aren’t just responsible for making payments. They’re also in charge of overseeing employees, forecasting cash flow, and finding ways to make Accounts Payable more efficient. Responsibilities include connecting multiple banks, streamlining payment processes for vendors, tracking […]
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4 Key Areas Where Automation Can Save You Money
Business process automation isn’t just about doing things faster with less employee involvement. It’s also about optimizing your business processes, freeing up employees for more productive tasks, and cutting costs across the board. Here are 4 key areas where automating […]
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5 Great Reasons To Outsource Payment Processing
According to the Aberdeen Group, check printing in North America involves $25 billion in processing costs each year. Most companies spend an average of $10 to process every single check that goes out of their office. The obvious solution […]
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3 Steps To Getting Your Boss On-Board With AP Automation
So you’re working in Accounts Payable. You’re surrounded by paperwork, you’re manually entering data, and you’re struggling to keep track of invoice deadlines. You’re sure that implementing an automation system could solve a whole host of problems for your and […]
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Managing Expense Reports Effectively
No matter what the business, managing expense reports presents a challenge for companies to manage. Traveling for business has become more and more frequent in an increasingly global economy. Taking care of employee reimbursements can take up a lot of […]
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