Below you'll find a list of all posts that have been categorized as “General”
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 …
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 …
Your company needs to have an accounts payable department disaster recovery plan. One of the biggest lessons that 2020 taught every business professional is the critical importance of disaster recovery and business continuity plans. Those who do not learn the …
Welcome back to your office (hopefully!)! 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 conversations with our …
The Accounts Payable (AP) department is fundamental to a business’s operational efficiency and financial success – but how to manage accounts payable effectively? This question becomes significantly more important for companies or organizations that process more than 250 AP invoices …
Wondering if it’s possible to manage an AP automation software implementation remotely? The answer is yes! Organizations and companies that underwent a digital transformation including AP workflow automation have the ability to process AP invoices remotely when their employees are …
Finding the best accounts payable automation software for your company or organization can be a challenge. AP automation that misses a single decimal point on an invoice can result in an underpayment or overpayment of thousands of dollars. So you …
AP Invoice Automation Data Capture That is More Accurate and Cheaper than OCR Software If you are seeking AP invoice automation data capture that is more accurate AND cheaper than optical character recognition (OCR) data capture software and hardware, you …
If you are searching for an AP clerk or AP specialist – whether to replace a departing employee or to grow your AP department – be sure to take a look at AP automation first. Hiring an accounts payable specialist …
Businesses across the country are trying to figure out how to continue to operate under the social distancing and work from home policies resulting from the Coronavirus pandemic. Many businesses were caught off guard by the sudden work-from-home requirements and …
