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Satisfy Customers With Improved AP Outsourcing Software
Your AP department deals with a large number of internal and external customers. Under a paper system, this involves a high volume of inter-office emails and forms, as well as answering questions via phone and email from external vendors. It’s […]
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The Metric That Is Costing You Money and How to Fix It
Maintaining a good accounts payable turnover ratio is a delicate balance of efficiency, cash management, and vendor terms. Also called the Accounts Payable Days Formula or simply “Creditor Days”, this is a formula to calculate a “turn”-the number of AP […]
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Purchase Orders for Growing Businesses
When just starting out with your small business, you probably didn’t invest in Procure to Pay software or automation for purchase orders. After all, how hard is it to just call your supplier up or send in an order online […]
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Optimize Cash with AP Software
For any organization, Accounts Payable is one of the largest cash consumers. By it’s very nature, AP is taking cash out of your company and sending it to vendors, but you can still save money even while making payments. Take […]
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Employee Satisfaction and Expense Reporting
A recent study published by Amsterdam-based marker researcher Ruigrok | NetPanel found that employees worldwide lose $15 billion a year in unclaimed expenses. Employees in the United States account for $9.7 billion of this amount, which comes from about 17% […]
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Your Vendors Should Email Invoices-Here’s Why
Despite our technological progress over the last ten years, businesses are still riddled with paper requirements. The IRS requires hard copy documents to be maintained for at least seven years. Some state laws mandate businesses keep hard copies for everything […]
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AP Automation: A Good Investment
If you think Accounts Payable automation is expensive or time-consuming, you may still be plowing your way through mountains of paperwork in the AP department. AP software is more than just a business fad – it’s a wise investment that […]
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How Effective Is AP Automation?
Automation is a hot topic in Accounts Payable today, but is it really as good as it sounds? Turns out, top researchers are finding that accounts payable automation does save a significant amount of time and money. Automating the AP […]
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Financial Priorities in 2016
The results of the 2016 Finance Priorities Survey from the Financial Executives Research Foundation and Protiviti is summarized in an assessment titled Maintaining Margins While Staying Vigilant. This survey gathered information from more than 650 CFOs, VPs of finance and […]
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Reduce Costs With Automatic AP Software (old)
The Accounts Payable (AP) department is often one of the slowest to switch over to automation software. You might worry that it will cost too much money, or reduce your control over company finances, or won’t actually save time. These […]
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Three Tips to Curtail Maverick Spending
In some companies, Maverick spending can account for up to 80% of purchases made. That’s 8 out of every 10 purchases that don’t line up with purchasing rules established by corporate procedures. If this goes on unchecked, the company is […]
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Principles of Modern FP&A
Reliable Financial Planning and Analysis (FP&A) is more important than ever in the quickly evolving financial world, but it’s frustratingly hard to come by. Modern FP&A is most effective when it’s dynamic, complete and shared. These three core principles provide […]
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