two-and-three-way-matching-feature

How to automate 2 or 3 way matching for accounts payable

3 way matching for accounts payable is the obvious ‘best practice’ move for large enterprises. But without the same resources, 2 way match during invoice processing is the better option for many accounting departments.  Fortunately, both are ‘good enough’ for …

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 …

5 myths debunked

5 Myths About Electronic Payment Processes – Debunked!

Electronic payment processes make some people nervous. They shouldn’t. But we live in an era when email accounts get hacked. People leak online health records. There are a lot of digital concerns. So, many business leaders find themselves nervous about …

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 …

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 …

Move to Electronic Payments

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 …