Below you'll find a list of all posts that have been categorized as “A/P One”
Procurement automation is a critical element to full end to end procure to pay automation. Streamlining the purchasing process by implementing automated procurement will save your organization time and money by making your purchasing team more efficient, data driven and …
Let’s face it – paper is a thing of the past. Compared to automated electronic payments, paper simply cannot compete. Paper payments are more time consuming, take up space, and invite the dangers of inaccuracy, loss and fraud. Who wants …
Regardless of how well your AP department is currently performing, it is essential to continuously improve your workflow processes – and the best way to do that is with procure-to-pay automation. Technology constantly evolves. So it is important to make …
In today’s digital world your company can choose from a variety of electronic payment automation platforms and election payment services. Let’s examine how electronic payments can not only save money and improve efficiency, but how they can add to your …
According to The Accounts Payable Network, the benchmark of cost of cutting a paper check for the average company is $5.14 per check. That makes cutting paper checks more expensive and far less efficient than making electronic payments no matter …
When you seek to modernize and digitize your AP department be sure to look for full end-to-end procure to pay automation. Many software companies advertise themselves as procure to pay process automation, but most of those solutions focus on only …
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 …
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 …
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 …
