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Expert insight for financial professionals
Expert insight for financial professionals
SoftCo earns a spot in Gartner’s Magic Quadrant™ and Critical Capabilities Reports, showcasing its innovation, AI-powered AP automation, and enterprise-scale performance.
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 moreThe future of AI in procurement has limitless potential. Whether you want to automate mundane tasks, detect fraud or keep up with the latest trends in your industry, AI lets you reach your short- and long-term goals.
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 moreUnderstanding not just how the implementation of procure-to-pay software can succeed but why it can sometimes fail can go a long way towards avoiding some of the most common pitfalls that companies often encounter.
Read moreThe characteristics of the future CPO will be drastically different to those of the past, with a focus on leadership, technology, market expertise and cost reduction central to the role.
Read moreGetting your workforce to embrace change can often be one of the biggest barriers to procure-to-pay automation. Fear of change, however, can often be brought on by a lack of knowledge. Educate your employees and present the opportunities that it can bring.
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 moreThere are a number of ways that your organization can enhance supplier relationship management. SRM is all about interacting with suppliers and ensuring that there is a good relationship to ensure good pricing, quality products, and fast turnarounds.
Read moreAll areas of organizations are being digitally transformed, and the changes are really being noticed in modern procurement teams.
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