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All posts for Accounts Payable
All posts for Accounts Payable
Discover how AP automation transforms ESG procurement by cutting waste, reducing emissions, and driving sustainable supply chain collaboration.
Read moreDiscover how retailers can build consumer trust through personalized loyalty programs, ethical practices, and AI-driven insights to stand out in a competitive market.
Read moreExplore how automation helps retailers tackle rising operational costs, from managing invoices to improving efficiency, boosting transparency, and enhancing decision-making.
Read moreLearn how retail supply chains can leverage automation, AI, and visibility tools to stay resilient amidst disruptions.
Read moreLearn how to navigate SAP S/4HANA migration challenges and implement best practices for a successful transition.
Read moreAt the recent Gartner CFO Conference in London, Primark shared its compelling journey of transforming its procure-to-pay (P2P) processes.
Read moreLearn how banks detect and investigate unauthorized transactions, prevent fraud, comply with regulations, and use technology like AP automation to enhance security.
Read moreDiscover Key Insights for Choosing the Perfect AP Automation Solution for SAP. Learn about essential features, advanced technologies, and how to enhance efficiency and accuracy in your AP processes.
Read moreIssuing 1099s is a crucial part of US tax reporting requirements, so here are the top considerations your accounts payable team needs to understand about 1099 reporting requirements.
Read moreOne of the keys to an effective agreement management process — and impactful procurement — lies in maintaining contract visibility. In this blog, we discuss why visibility is so critical to your mission and how automated solutions can help you achieve it.
Read moreAutomation helps to eradicate many AP workflow challenges, such as lost or missing invoices, manual data entry, and manual routing for approval. However, the positive environmental impacts of automation are often overlooked.
Read moreInvoices are now more likely to have additional charges ranging from freight surcharges to “COVID” charges to environmental fees. In this post, we will discuss the rise of surcharges and how you can manage them.
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 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 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.
Read moreIf the switch to remote working has proven difficult for your AP team over the last few months, now is the time to join the many organizations that have already implemented an automated accounts payable solution. Here are 7 reasons why.
Read moreOCR is a useful tool for extracting invoice data, however, beyond that its capabilities can be limited. Before making a decision on OCR, you should assess each element of your accounts payable process and whether or not data extraction is your only problem.
Read moreIs your organization getting all of the early payment discounts that it can? If so, you’re among only 33 percent of organizations who are, according to a Levvel Research survey.
Read morePart of shopping around for a solution will involve a demo taking place at your company. This affords an opportunity to ask the important questions that will help you find the solution that truly meets your organization's requirements.
Read moreWhen you’re building the business case for automating your procure-to-pay business process, use these ten points to demonstrate return on investment (ROI) and win management support.
Read moreWorking Capital management is particularly important since it is an accurate barometer for assessing the long-term financial health of a business and ensures that adequate cash flow is always maintained to meet its short-term commitments.
Read moreManual AP processes brought about many challenges long before remote working was the norm and they will continue to cause problems even after staff have returned to the office. Take the opportunity now to transform your AP process for the long-term.
Read moreAs organizations continue to look for ways to reduce costs and improve efficiencies, one particular technology that is growing in popularity is that of Robotic Process Automation (RPA).
Read moreThe challenges experienced by accounts payable teams, as a result of the Covid-19 pandemic, has led to a surge in the number of organizations implementing AP automation. However, before you implement an AP solution, there are a number of steps to consider.
Read moreThe challenges experienced by accounts payable teams, as a result of the Covid-19 pandemic, has led to a surge in the number of organizations implementing AP automation. However, before you implement an AP solution, there are a number of steps to consider.
Read moreThe Covid-19 pandemic continues to cause global economic disparity and uncertainty, making it difficult to predict what lies ahead for the global economy. However, many lessons have also been learned this year, presenting opportunities for CFOs in 2021.
Read moreThe accounts payable department performs many roles, essential to the running of a business. However, the potential to add more value and become a key decision-maker is often held back by the manual, time-consuming nature of such roles.
Read moreRemote working has highlighted just how vulnerable manual processes are, with AP teams facing many challenges since the Covid-19 outbreak. This four-minute blog will evaluate these challenges and provide solutions.
Read moreBy pairing Procurement and Accounts Payable, you unlock significant benefits. Learn the top five benefits and how to create ample communication and clear goals for the two departments
Read moreWorking Capital is finally on the rise. Read the blog to discover five top tips on how to make the most of your Working Capital in 2020
Read moreUse these 5 red flags to determine if your AP team is in crisis mode, and implement these 3 solutions to create a united, strong team!
Read moreContract Management has changed over the last 10 years. It's time to get up-to-date and become an industry leader.
Read moreThere are a number of warning signs that your Month-end close process is in need of repair. In this blog, we explore the hints your team is giving you that your process needs an overhaul.
Read moreTaking inspiration from 2019, Accounts Payable Trends for 2020 continues to be dominated by the leaps in technology. If you're in a position of planning or decision making, you won't want to overlook these trends.
Read moreNearly every company that is currently using manual AP processes can realize large benefits from incorporating AP automation software into their systems. However, how does a business know if they are ready to make the leap to AP automation software?
Read moreContract matching, found within many contract management systems, is a transformative tool that allows organizations to automatically match invoices that they receive for regular and predictable payments to an underlying contract.
Read more2-way matching is essentially a simplified version of 3-way matching. Ultimately, deciding to use a 2-way matching system is simply a matter of your company’s needs. When weighing your options, look at the types of goods or services you need.
Read moreStraight through processing may mean different things to different people in different contexts. But to most, straight through processing means eliminating all invoicing exceptions and the related labor for 100 percent of a company’s procurement activity.
Read moreWhy do some businesses view AP as a profit center? Could your firm be missing out on the benefits? Here's what you should understand about transforming AP's reputation in pursuit of lasting gain.
Read moreHaving a high first time match rate is an essential key performance indicator for accounts payable teams. It is important that organizations assess their current invoice matching process and look to optimize it wherever possible.
Read moreThe competitive landscape that we find ourselves in is forcing organizations to reduce costs and streamline processes while at the same time growing the business. Employees in all roles within organizations are striving to become more productive.
Read moreAccounts payable automation is comprised of a number of different components including matching invoices, approval workflows, adding data to an ERP system, paying suppliers, and eventually generating reports and analytics.
Read moreProcurement and accounts payable departments are in the midst a digital transformation. Time-consuming and manual processes are being automated.
Read moreEvery organization is familiar with the laborious process of paying bills to suppliers or accounts payable (AP). Late payments to vendors, lack of visibility, and delays in the accruals process are all common problems for finance professionals and management.
Read moreFinance Manager, Imelda Sweeney, has identified a number of red flags that are often present in accounts payable (AP) departments and indicate the need for improvements in AP processes.
Read moreFinance Manager, Imelda Sweeney, has identified a number of red flags that are often present in accounts payable (AP) departments and indicate the need for improvements in AP processes.
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