Below you'll find a list of all posts that have been categorized as “Payment Automation”
AP Automation (Accounts Payable Automation) is a solution used by accounting teams to digitize and streamline the processing of purchase orders and invoices. It is also know as procure to pay automation. Our AP Automation software uses advanced optical character …
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 …
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 …
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 …
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 …
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 …
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 …
In today’s digital world your company can choose from a variety of electronic payment automation platforms and election payment services. Let’s examine how electronic payments can not only save money and improve efficiency, but how they can add to your …
According to The Accounts Payable Network, the benchmark of cost of cutting a paper check for the average company is $5.14 per check. That makes cutting paper checks more expensive and far less efficient than making electronic payments no matter …
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 …
