Search the internet high and low for the cost of procurement with vs without software and you’ll struggle to find actual figures. No one wants to put a number out there because, of course, procurement cost depends on so many …
Procure to pay SAP: 3 alternatives
Have you been considering SAP Ariba to transform your procure-to-pay process? Or maybe you already use Ariba, and it’s not quite doing what you want. True, procure to pay SAP solutions are great when you need something cloud-based, without the …
Paperless Accounts Payable
If you’re like everybody else, then you’re constantly looking at ways to improve your business processes with things like paperless accounts payable. And if that’s you, then you’ve come to the right place. For nearly 25 years we’ve been …
Six Reasons to Implement Workflow Automation Software
Workflow automation through workflow software is technology that can transform the way businesses operate. Today, artificial intelligence (AI) and robotic process automation (RPA) are allowing businesses to automate just about any manual workflow. By eliminating manual processes and replacing them …
What’s easiest to set up recurring payments? CoreIntegrator vs AvidXChange
If you’re looking to set up recurring payments for your business, you might be considering AvidXChange and CoreIntegrator. Both claim to transform your payments system by creating an automatic set up, and significantly reduce the time and costs associated with …
6 of the best accounting software integrations for AP automation
As a senior finance leader, you already know what integrations can do for your business. Applying automation to the expense reporting process, for example, can reduce processing costs by 58%. Plus, many accounting departments find their communication and relationships with …
Accounts Payable Balance Sheet: An Overview
What is Accounts Payable? Accounts payable refers to the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit. Accounts payable is a liability on a company’s balance sheet, representing its short-term …
Purchase Order System – How AI Can Automate Yours
In today’s fast-paced business world, companies need to be efficient and cost-effective in their operations. One important aspect of running a business is the procurement process or purchase order system, which involves ordering and receiving goods and services. This process …
How to Set up Automated Recurring Payments for Business
Theresa Rago is the Finance Systems Manager at Starr Companies. Her AP department was processing the same client invoices again and again in the most repetitive and manual way. It was painful and a total waste of time. Without setting …
How to automate 2 or 3 way matching for accounts payable
3 way matching for accounts payable is the obvious ‘best practice’ move for large enterprises. But without the same resources, 2 way match during invoice processing is the better option for many accounting departments. Fortunately, both are ‘good enough’ for …