It’s not often that the Accounts Payable department gets to be a profit center, but virtual card payments not only automate the payment process, they can improve your company’s bottom line! In today’s digital world, the use of paper checks …
The Newark Housing Authority Selects CoreIntegrator Enterprise with ancora Software to Automate Accounts Payable
The Newark Housing Authority wanted to find a solution that would help them automate a paper driven process, help minimize and eliminate human touch points and provide a way for their employees to easily process invoices from home during the …
Introducing CoreIntegrator Payment Automation via OnPay Solutions
CoreIntegrator has partnered with OnPay Solutions to deliver Cloud-Based Payment Automation to its existing and future clients. With the addition of OnPay Solutions’ OnPayConnect AP payment automation product to CoreIntegrator’s solution set, CoreIntegrator will now be able to deliver an …
AP Automation Makes 3 Way Match or 2 Way Match Simple
3 way match is best practice when it comes to accounts payable. But 2 way match in accounts payable is ‘good enough’ for many accounting departments. What are 3 way match and 2 way match in accounts payable? Why do …
What are the Invoice Processing Steps?
We’ll go through the typical steps of invoice processing and then show you ways to improve the process. Introduction: What is Invoice Processing? Step 1: You Receive an Invoice from a Vendor Step 2: A Copy of Vendor Invoice is …
What is the Difference Between a PO and Non PO Invoice?
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 …
What are Early Pay Discounts…And How Can You Get Them?
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 …
How to Keep Your Business Safe From Invoice Fraud
If you are in charge of accounts payable then it’s your responsibility to keep your business safe from invoice fraud. Recently Facebook and Google were tricked out of $123 million in invoice frauds. But whether your business is massive or …
Is Your AP Department Prepared for Future Disasters?
Your company needs to have an accounts payable department disaster recovery plan. One of the biggest lessons that 2020 taught every business professional is the critical importance of disaster recovery and business continuity plans. Those who do not learn the …
How Much Time and Money Does Invoice Automation and Tracking Save?
When it comes to invoice processing, implementing an AP automation solution will allow your company to Work Smarter, Not Harder. Processing a SINGLE invoice manually can cost a company anywhere from $14 to $20 in hard and soft costs. Implementing …