-
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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, […]
Read more -
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 […]
Read more -
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 […]
Read more -
Accounts Payable: Automate or Outsource?
Are you struggling with your Accounts Payable? Do you find yourself spending hours every month making sure your company pays the bills on-time? Would you rather be doing something else? Manual data entry and inefficient processes can cost a company a fortune. […]
Read more -
Accounts Payable Solutions for Smaller Businesses (old)
Are you struggling with your accounts payable? Are you using manual processes or paper signatures to track invoice receipt, approval, and payment details? This isn’t just inefficient or time-consuming but also, they lack security and are not scalable for your […]
Read more -
Core Values of Next Process
Here at Next Process, we make our values a priority in every service we provide. This means that we work with you to produce high quality work, every time. No matter what service your company needs, we will be there […]
Read more
