How much does AP automation cost? That’s a great question. But every company and organization is unique, so the (somewhat frustrating) answer is: it depends. The best way to get a precise estimate of the cost is to request a …
Accounts Payable Department – Optimization Tips and Tools
Your accounts payable department is one of the most important back office teams. These teams make sure that only legitimate bills and invoices get paid accurately and on time. But what does an optimized accounts payable department look like? And …
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 …
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
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 …
Overcoming Barriers to the Move to Electronic Payments
It’s time for your business to move to electronic payments. Consider this – there are many financial professionals today who’ve never used a paper check in their lives. Every purchase they make, from cars to groceries, are handled electronically 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 …
Future-Proof Your Business with Electronic Payments
Times are always changing. But this year they seem to be working overtime! Finding ways to future-proof your company is top of mind for every business leader. But finding solutions to survive these uncharted waters is no easy task. So …
5 Myths About Electronic Payment Processes – Debunked!
Electronic payment processes make some people nervous. They shouldn’t. But we live in an era of email accounts being hacked, online health records being leaked, and other digital concerns. So, many business leaders find themselves nervous about switching to an …
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