When automating accounts payable it is critical to understand the difference between a PO and non PO invoice. Purchase orders (POs) and invoices are commonly confused in finance terms. This is because both communicate payment terms and payment amount. So …

An early payment discount – sometimes called prompt payment discount or a cash discount – is when a vendor offers a discount to a customer if the invoice is paid before the due date. The terms of early payment discounts …

Welcome back to your office (hopefully!)! As stay at home orders loosen and states move to later phases of their COVID-19 plans, it’s time to take stock of processing accounts payable lessons learned from COVID-19. Based on conversations with our …

The Accounts Payable (AP) department is fundamental to a business’s operational efficiency and financial success – but how to manage accounts payable effectively? This question becomes significantly more important for companies or organizations that process more than 250 AP invoices …

Wondering if it’s possible to manage an AP automation software implementation remotely? The answer is yes! Organizations and companies that underwent a digital transformation including AP workflow automation have the ability to process AP invoices remotely when their employees are …

Finding the best accounts payable automation software for your company or organization can be a challenge. AP automation that misses a single decimal point on an invoice can result in an underpayment or overpayment of thousands of dollars. So you …