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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 …
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 …
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 …
Are you looking for AP automation for Microsoft Dynamics 365 Business Central? We’ve got you covered. Microsoft Dynamics 365 Business Central Microsoft Dynamics 365 Business Central (D365BC or just BC for short) is an enterprise resource planning (ERP) system from …
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 …
Companies around the globe have rolled out mandatory remote work or work from home policies in response to the COVID-19 pandemic. This will result in major disruptions to business flows, particularly for companies that are still mired in manual and …
