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Making the Move to Modern AP
Modernizing the AP department with automation is widely regarded as a beneficial step, yet switching to automated AP often meets resistance within organizations. If you’re trying to convince your company to get on board with AP automation, there are a […]
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Expense Report Fraud with Extreme Consequences
Dubious expense reporting is a quiet scourge in the office world. Unfortunately for one man, there was suddenly noise everywhere over his reimbursements. Sasha Frere-Jones, a music writer for the LA Times, left suddenly after a preliminary investigation into his […]
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Should I Automate My Business Processes or Outsource Them?
It’s no secret that automating and/or outsourcing business processes can save your company time and money. But which one should you pick? It all depends on exactly what needs to be done and how much of your process you want […]
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Managing Your Accounts Payable Cash Flow
Having reliable cash flow is one of the most important aspects of finance for a business to consider when evaluating their solvency. In a delicate balance of payments received, operating expenses, and unexpected expenses, monitoring cash flow and keeping it […]
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Global Trends: Robotic Process Automation
Robotic Process Automation (RPA) is an emerging trend in the global business world. Closely related to Business Process Outsourcing (BPO), RPA refers to the use of computer software or a “robot” to perform business processes. It’s designed to perform tasks […]
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Operational Flexibility With Automatic AP
In the modern business world, operational flexibility is more than a luxury – it’s a necessity. And that means the sooner you switch to an automatic AP system the better. Paper systems just aren’t all that responsive to changes in […]
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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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