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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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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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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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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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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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AP Horror Stories
We’ve entered Halloween season, where things are cool and crisp, and everyone loves a good scare. Ghosts, ghouls, and goblins are certainly spooky, but nothing terrifies us like invoicing disasters. We’ve rounded up some of our scariest tales NextProcess has […]
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The Current State of ePayables Adoption
Ardent Partners, a supply management company, recently conducted a survey about accounts payables (AP). Specifically, they focused on ePayables in their survey, which is titled ePayables 2015: Higher Ground, and analyzed not only how ePayables fit into current AP departments, […]
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The Revolution of Finance Departments
Technology has a tendency to change everything. What used to take of labor hours now takes minutes and that trend is prominent in finance. Automating and outsourcing accounts payable is revolutionizing finance departments around the world and many of the […]
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Are You Satisfied With Your Accounts Payable?
Your business’s finances are a delicate and complicated juggling act. You have to keep track of taxes, investments, accounts receivable, and accounts payable. Without a reliable, simple solution for accounts payable, you risk missing important details or spending endless hours […]
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