As competition is increasing in most business sectors, organizational leaders are looking for their departments to start playing a more strategic role in both controlling costs and driving growth. Of course, AP departments are no exception—but the fact is that […]
In today’s accounts payable departments, concise financial reporting is crucial. A poorly reported accounts payable department can result in omitted liabilities, understated expenses, and a shortfall in supplies to the company. Errors in manual reporting or low-level automation may result […]
In any organization, it’s highly important and useful to measure accounts payable for effectiveness. The importance of evaluating effectiveness is obvious; improvements are impossible without regular evaluation of the current process used. However, without proper automation, effectiveness becomes very difficult […]
If you’re on the fence about automating your AP department, you may be wondering how much money you’ll actually save. The price tag attached to automation solutions can sometimes seem intimidating—however, when you take into account the vast amount that […]
The great business mogul Henry Ford once said, “The competitor to be feared is one who never worries about you, but goes on making his own business better all the time.” As Mr. Ford stated, we don’t worry so much […]
Challenged with a broad base of locations and employees, enterprise companies need to reduce cost and delays associated with paper processing while maintaining centralized control. While many are already utilizing EDI for much of the transaction volume, there can still […]
Let’s face it, the challenges that often plague AP departments are definitely not new, but as companies are reeling from the effects of the inefficiencies and sky-high costs of manual AP processing on their bottom line, they start to see […]
Many of us in the 1980s were mesmerized by the “Knight Rider” television series that featured the “KITT Car”, an interactive Pontiac Trans Am with a human-sounding voice and smart technology operations that far exceeded the capability of a normal […]
It’s easy to forget that no digital or electronic application becomes a success on its own; not even AP automation. While all of the promised benefits are perfectly possible, without the right kind of solution and a good working knowledge […]
