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Dont Overlook Role AP Plays Saving Money
Even though the accounts payable (AP) department governs money leaving your company, it’s one of the best places to work on saving money. According to interviews with hundreds of finance leaders conducted by the firm Insight Avenue (March 2024), 80% […]
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What Happens After You Automate Accounts Payable?
If you’re on the fence about whether to implement modern business process automation (BPA) software in your company’s accounts payable (AP) department, it can help if you know what AP would look like after automation. Automation software is highly customizable, […]
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The Role Accounts Payable Plays in Identifying Growth and Savings Opportunities
Increasingly, accounts payable (AP) is seen as a department capable of driving strategic growth and cost savings. Historically considered a back-office function, AP is moving to center stage in finance. As accounts payable grows, Business Process Automation (BPA) software provides […]
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Are Duplicate and Erroneous Payments Costing Your Company?
Are Duplicate and Erroneous Payments Costing Your Company? Here’s How Automation Can Help Don’t you hate it when you find out you overpaid for something or catch a wrong charge on your credit card statement? As irritating as that can […]
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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 automation and outsourcing work differently, though they often do similar things for your company. Which one should you pick? The choice between automation […]
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Integrating Payments With BPA Software in 2024
Some of the biggest trends in accounts payable this year involve how organizations handle payments. Many see 2024 as a year for integrating payments, accounts payable (AP), and procurement to create a seamless procure-to-pay cycle. For others, this is also […]
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5 Ways that BPA Software Makes Invoice Approvals Better
In the accounts payable department, the ideal invoice approval workflow should be seamless, efficient, and cost-effective. Invoices arrive in the department, they’re verified through document matching (with exceptions flagged for review), the approvers are notified that invoices are ready for […]
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5 Tips for Managing High-Volume Accounts Payable with BPA Software
5 Tips for Managing High-Volume Accounts Payable with BPA Software How many invoices does your company receive each month? If you’re processing hundreds or even thousands of invoices each month, then your company is managing high-volume accounts payable. What qualifies […]
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Is Accounts Payable Automation a Good Investment?
The accounts payable department is responsible for managing a company’s payments. It’s uniquely positioned to help manage cash flow and support responsible financial management. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether […]
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10 Basic Accounts Payable Essentials That Still Matter in Automation
The modern business world is highly technical. Many companies are digitizing and automating, putting technology to work streamlining, enhancing, and simplifying key financial processes. In the accounts payable department, automating AP cuts costs, reduces errors, speeds up processing, and improves […]
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Unify Finances End-to-End: CapEx, Budgeting, Payments
There are a ton of business process automation (BPA) software solutions on the market. Search for “AP Automation Software,” and you’ll find hundreds of results. With so many options, how can you narrow down your choices if you want to […]
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Links Between Employee Retention and Business Process Automation
Losing a valued employee is a blow to any business. Nowhere is this truer than in departments like accounts payable and procurement. So many key business processes happen in these finance departments that it can take quite a while to […]
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