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 …
Cost of procurement with software vs. without software
Search the internet high and low for the cost of procurement with software vs. without software and you’ll struggle to find actual figures. No one wants to put a number out there because, of course, procurement cost depends on so …
Paperless Accounts Payable
If you’re like everybody else, then you’re constantly looking at ways to improve your business processes with things like paperless accounts payable. And if that’s you, then you’ve come to the right place. For nearly 25 years we’ve been …
Accounts Payable Balance Sheet: An Overview
What is Accounts Payable? Accounts payable refers to the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit. Accounts payable is a liability on a company’s balance sheet, representing its short-term …
Why Every Manager Loves Invoice Approval Software
Invoice approval management software (aka ‘invoice approval automation’ or ‘accounts payable approval software’) transforms the annoyingly arduous chore of manual invoice approval into a quick and easy task. AP staff like invoice approval software because it makes their job easier. …
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 …
Invoice Management Software – What to Look For
Invoice management software will save your organization time and money by automating your accounts payable. In this post, we’ll go through what invoice management software does, how it automates invoice management processes and what to look out for when you’re …
Duplicate Payments: What Are They and How Can You Avoid Them?
Duplicate payments are a drain on your company’s bottom line. Even if you catch them it is embarrassing to go about correcting them. Duplicate payments should never, ever happen. But they do every day. So what is a duplicate payment? …
How AP Dashboards Improve Your Bottom Line
We’ve added AP dashboards to our software to provide you with insight into your purchase, invoice, and payment process at a glance. Being able to track these gives you the ability to easily manage your procure to pay process to …
SmartMatch 3 Way Match – A Revolutionary Advance in PO Automation
PO matching is one of the most tedious and error prone tasks in the accounts payable department. In this post we’ll highlight how SmartMatch 3 Way Match uses revolutionary artificial intelligence (AI) to do this task automatically. First, let’s take …