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 is revolutionary. Let’s take a look at the traditional way to automate three …
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 …
Accounts Payable Data Analysis – How To Guide – Save Money
Accounts payable data is a powerful tool in creating a data driven organization, if you can properly harness it. The best and most obvious reason to automate your accounts payable is because it will save your organization time and money. …
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 …
5 Things to Think About Before Re-Opening the Office
Is your leadership team thinking about re-opening the office? As stay at home orders loosen and states move to later phases of their COVID-19 plans, it’s time to take stock of processing accounts payable lessons learned from COVID-19. Based on …
How AP Automation Enables Remote Work
Companies around the globe rolled out mandatory or voluntary remote work or work from home policies in response to the COVID-19 pandemic. This caused major disruptions to business flows. And companies still mired in manual and paper-based business processes were …
Streamline AP Audits with AP Automation
AP audits can be brutal, and yet many companies and organizations undergo an audit once a year. AP audits are stressful for both the finance and accounting team and the organization as a whole. However, audits can be a great …
How AP Automation Helps Solve Supply Chain Issues
Global supply chain disruptions are spreading, and no one knows what to do about it… Global supply chain issues are hurting business across the globe. The term “global supply chain disruption” has been cited frequently as one of the dire …
How Much Does AP Automation Cost?
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 …
What are Early Pay Discounts…And How Can You Get Them?
An early payment discount – sometimes called prompt payment discount or a cash discount – is when a vendor offers a discount to a customer if the invoice is paid before the due date. The terms of early payment discounts …