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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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In the Paper-To-Digital AP Transformation Race, Are You Winning?
The history of accounts payable (AP) automation began in the 1960s, with electronic data interchange (EDI) and continues today with new innovations like machine learning and artificial intelligence poised to continue transforming AP. Despite constant technological improvements, many companies haven’t […]
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Satisfy Customers and Suppliers with Improved Accounts Payable Software
Your accounts payable (AP) department deals with a large number of internal and external customers. Within the company, AP works with purchasing and receiving to authenticate invoices and make payments. They also play a huge role in managing cash flow […]
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Improve Operational Flexibility with Automatic AP Software
In the modern business world, operational flexibility is more than a luxury—it’s a necessity. In the accounts payable (AP) department, offering flexible payment options, enabling employees to work from a variety of locations, and the ability to adapt to internal […]
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Streamlining Financial Processes: Comparing BPA, SaaS, BPO, and BPaaS
If you’ve been researching software options for managing your financial processes, then you’ve probably run across terms like Business Process Automation (BPA) and Software-as-a-Service (SaaS). You’ll also come across related terms, like Business Process Outsourcing (BPO) and Business Process as […]
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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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Do You Have Succession Plans in the AP Department?
If the head of your accounts payable department moved on to a new position tomorrow, could anyone step in to fill their job? What if a couple of AP employees transferred to another position within your company, retired, or went […]
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Why Pick Software-as-a-Service (SaaS) for Automating your Business Processes?
Even if you haven’t already started using software solutions and automation to make your business processes run more smoothly, process automation is likely on your radar. Automating things like accounts payable, purchasing, and expense reporting has been going on for […]
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This Is What You Need To Know About Your Data Capture Options For Accounts Payable
One challenge facing accounts payable today is that you receive so many different types of invoices. Some arrive on paper with your orders while others arrive as faxes from your suppliers. Some come attached to emails, and others arrive in […]
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How to Strengthen Internal P2P Controls and Improve Oversight with Automation Software
Can you access all your organization’s procure-to-pay information when you need it? Is it easy to research potential issues in accounts payable? Do your employees know exactly how to comply with important financial regulations? If you can answer “yes” to […]
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Here Are 5 Big Advantages to Choosing a BPA Software Suite
Automating your core business processes is one of the best things you can do for your company. With so many benefits from business process automation (BPA), deciding to automate is pretty easy. After making that decision, though, it’s followed by […]
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Solving the Payables Paper Problem in 2022
Paper is fast losing its status as a key part of the payables process. From the sudden spread of email years ago to the modern surge of green initiatives, everyone’s been talking about new ways to use less paper and […]
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