-
Don’t Overlook The Crucial Role AP Plays In Saving Money
Even though the accounts payable (AP) department governs money leaving your company, it’s one of the best places to save money. A smoothly-functioning AP department doesn’t lose money to late fees, has a low processing cost-per-invoice, streamlines your payment information, […]
Read more -
How AP Automation Saves Money
Justifying new investments is a valid concern. You don’t want to purchase a new software program only to find it’s less cost-effective than your current solution. For accounts payable software, though, the advantages far outweigh the cost and automation is […]
Read more -
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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 […]
Read more -
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
