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Harnessing Metadata in AP Automation
Accounts Payable automation software has been spreading all over the country and helping businesses improve their practices and save money across the board. Combining digitization and data entry is the ideal way to maximize the data available while making your […]
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Optimize Workflow With Digital Documents
Optimizing workflow in today’s rapidly evolving business world requires a strategy that takes into account the move towards paperless processing. Even though paper isn’t going away entirely, long-term trends are moving toward replacing manual, paper-based systems with digital and automatic […]
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3 Reasons AP Automation in the Mailroom is Imperative for Success
If you start looking at account payable automation, there’s a good chance you’re already at least a bit backlogged on your invoice processing. When you start implementing changes, you want to resolve as many issues as you can as quickly […]
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Meeting AP Challenges in Healthcare
Accounts payable is subject to a lot of strange rules and regulations. Few industries feel this pain as well as businesses in healthcare. AP in healthcare faces a series of unique set of challenges because of information laws like HIPAA and […]
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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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