Below you'll find a list of all posts that have been categorized as “General”
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 …
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 …
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 …
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. …
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 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? …
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 …
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 …
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 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 by implementing invoice management software is because it will save …
