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 …
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 …
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 …
Processing Accounts Payable Lessons From COVID-19
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 …
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 …
AP Automation For Microsoft Dynamics 365 Business Central
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 …