Cost Calculator

Why Use an AP Automation Cost Savings Calculator?

An AP cost savings calculator is a tool that will help you determine how much your company or organization can save by implementing procure to pay (P2P) automation. But more importantly than that, it will help you calculate the ROI …

GL Codes Automated

What is GL Coding and How to Automate It

GL coding is the application of general ledger code (GL Code), a string of alphanumeric characters assigned to each financial entry in an organization’s general ledger. These codes indicate basic information such as a debit or credit by location, or …

PO and Non PO Invoice

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 Is AP Automation

What is AP Automation?

AP Automation (Accounts Payable Automation) is a solution used by accounting teams to digitize and streamline the processing of purchase orders and invoices. AP Automation software uses advanced optical character recognition (OCR) technologies integrated with robotic process automation (RPA) software …

Accounts Payable Internal Control Checklist

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 …