Blog

All posts for Accounts Payable

26 Sep 2022

The Rise of the Surcharges and How AP Departments Can Manage Them

Invoices 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.

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26 Aug 2022

Leveraging AP Automation to Succeed in Times of Uncertainty

Economists 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.

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19 Aug 2022

Creating a Business Case for Accounts Payable Automation

It 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.

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12 Aug 2022

The Biggest Challenges with Manual Accounts Payable Processes and How to Overcome Them

Having a strong AP process requires constant innovation and continuous improvement to address evolving accounts payable problems.

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29 Jul 2022

Detecting and Preventing Invoice Fraud in your Organization

All 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.

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22 Jul 2022

Cash Flow Management: How Your Procure-to-Pay Process Can Help

Cash 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.

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20 May 2022

7 Key Accounts Payable Metrics That Matter to Your CEO

Here we run-through 7 important accounts payable performance metrics that can be monitored to ensure that your AP department is running both efficiently and effectively.

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18 May 2022

Overcoming the Challenges of Non-PO Invoice Processing

The 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.

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06 May 2022

How to Set Up an Effective Automated Invoice Approval Workflow

Traditionally, 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.

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29 Apr 2022

Automating Three-Way Matching in Accounts Payable

The 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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12 Apr 2022

Hybrid Working: 7 Reasons Why you Need AP Automation in 2022

If 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.

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25 Mar 2022

Considering OCR? Read This Before Making Any Decision

OCR 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.

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18 Mar 2022

5 Secrets to Capturing Early Payment Discounts

Is 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.

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02 Mar 2022

4 Questions to ask Procure-to-Pay Solution Providers

Part 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.

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08 Feb 2022

Building a Business Case for Procure-to-Pay Automation

When 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.

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03 Feb 2022

4 Tips for Effectively Managing Working Capital

Working 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.

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27 Jan 2022

9 Benefits of Accounts Payable Automation Software

Manual 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.

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12 Jan 2022

What is Robotic Process Automation and How Does it Affect Accounts Payable?

As 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).

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10 Sep 2021

7 Key steps to delivering the best Accounts Payable Automation Solution

The 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.

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19 Nov 2020

The 7 Key Steps to Delivering the Best AP Solution

The 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.

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08 Oct 2020

4 CFO Priorities for 2021

The 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.

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23 Jul 2020

5 Ways to Reinvent your Accounts Payable Team and Add Value

The 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.

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12 Jun 2020

Overcoming Remote Working Challenges for Accounts Payable

Remote 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.

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05 Mar 2020

Covid 19: Why Aligning Procurement and Accounts Payable is Now a Necessity

By 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

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20 Feb 2020

5 Tips for Working Capital in 2020

Working 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

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12 Feb 2020

5 Telling Signs your AP Team is in Crisis

Use 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!

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29 Jan 2020

How to Become a Contract Management leader

Contract Management has changed over the last 10 years. It's time to get up-to-date and become an industry leader.

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22 Jan 2020

Month-end: Signs you Need a New Solution to Successfully Adapt to Remote Working

There 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.

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16 Jan 2020

Accounts Payable Trends for 2020

Taking 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.

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30 Oct 2019

The Importance of Contract Visibility in your Procurement Process

One 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.

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08 Aug 2019

AP Automation Software: Preparing for the Switch

Nearly 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?

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03 Aug 2019

Contract Matching: The Solution to your Recurring Payment Inefficiencies

Contract 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.

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27 Jul 2019

Two’s Company, Three’s a Crowd: When is 2-Way Matching a Better Option?

2-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.

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22 Jul 2019

Eliminating the Barriers to Straight Through Processing

Straight 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.

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13 Jul 2019

Discovering the Environmental Benefits of Electronic Invoicing

Electronic invoicing helps to eradicate many AP workflow challenges such as lost or missing invoices, many data entry and manual routing for approval. However, one area that is often overlooked is the impact that invoicing has on the environment.

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04 Jul 2019

Transforming Perceptions: Accounts Payable as a Profit Center

Why 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.

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26 May 2019

Improving Your First Time Match Rate in Procure-to-Pay

Having 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.

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16 Mar 2019

4 Steps to Frictionless Invoice Approval

The 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.

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06 Mar 2019

Invoice Data Capture: How to Choose the Right Process for You

Accounts 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.

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26 Feb 2019

5 Steps to Bring Supplier Relationships into the Digital Age

Procurement and accounts payable departments are in the midst a digital transformation. Time-consuming and manual processes are being automated.

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05 Feb 2019

How a Multinational Retailer Doubled Productivity with AP Automation

Every 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.

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15 Jan 2019

Are Your Processes & Technology Slowing You Down?

Finance 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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01 Jan 2019

Is Your AP Team Signalling Change?

Finance 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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