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 …
Accounts Payable Internal Control Checklist
An accounts payable internal control checklist allows you, as the CFO or controller of your organization, to achieve the goal of strong internal controls. Accounts payable is one of the most vulnerable areas for fraud for any business. And errors …
How Procurement Automation Streamlines Purchasing
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 …
Move Beyond Paper Checks With Automated Electronic Payments
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 …
Drive Your Company To Success With Procure-To-Pay Automation
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 …
Choosing the Best Form of Electronic Payment Automation for Your Company
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 …
7 Reasons to Move to Electronic Payment Automation
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 …
Full End-to-End Procure to Pay Automation
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 …
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 …
How to Manage Accounts Payable Effectively
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 …