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Expert insight for financial professionals
Expert insight for financial professionals
Artificial Intelligence (AI) is no longer a luxury—it’s a minimum requirement for businesses that want to stay ahead. Relying on manual Accounts Payable (AP) processes isn’t just inefficient; it’s a costly disadvantage.
Read moreEconomists caution that the US and Europe are facing increasing risks of sliding into recession. More than ever, now is the time to fast-track AP automation to accelerate gains in productivity and cost savings.
Read moreIt will come as no surprise to hear that manual accounts payable processes can be both costly and inefficient. Making a case for accounts payable automation can help organizations break free from manual processes that drag down productivity.
Read moreHaving a strong AP process requires constant innovation and continuous improvement to address evolving accounts payable problems.
Read moreProcurement teams are looking to ensure that their people, processes, and technologies are best placed to deliver on critical procurement trends that will define 2022 and beyond, and not fall behind what is considered best practice within the industry.
Read moreAll organizations, regardless of size are susceptible to invoice fraud. Significant increases in the number of people working remotely has lead to reduced visibility and control over AP processes and subsequent increases in fraudulent activity.
Read moreCash flow management should be treated as a major priority by organizations of all sizes, given how accurate an indicator it can be of a business’ long-term financial health.
Read moreEstablished companies must adopt digital transformation strategies to remain viable in the markets that they serve. However, despite the use of e-Procurement systems for the last 15 years, many aspects of procurement remain manual, and prone to human error.
Read moreIn order to make sure your procurement department is making the best choices possible, it is important to understand the nuances related to indirect spend management compared with direct spend management.
Read moreGlobal supply chains have been severely disrupted since 2020. It is vital that organizations prepare for further disruptions with resilient and adaptable plans.
Read moreThe slow pace of approval and payment of non-PO invoices in a manual system makes the process inferior, time-consuming, and frustrating for AP professionals. Read on to find out what companies can do to overcome these challenges.
Read moreTraditionally, accounts payable processes have tended to be somewhat disorganized and inefficient, with several manual elements involved. This causes many issues for AP teams, with a disjointed invoice approval workflow a major contributing factor.
Read moreThe perils of manual invoice matching will have become all the more apparent for AP working remotely in recent times. Improve supplier relations, reduce human error, lower processing costs and improve control and visibility by automating three-way matching.
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