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 …
5 Myths About Electronic Payment Processes – Debunked!
Electronic payment processes make some people nervous. They shouldn’t. But we live in an era when email accounts get hacked. People leak online health records. There are a lot of digital concerns. So, many business leaders find themselves nervous about …
The Newark Housing Authority Automates Accounts Payable with CoreIntegrator Enterprise and ancora
The Newark Housing Authority looked for a solution that would automate their accounts payable from a paper driven process. Their priority was to minimize or eliminate human touch points. And provide a way for their employees to easily process invoices …
Travel and Expense Management Software Makes Everyone Happier
Travel and expense management software (aka travel and expense automation) allows busy executives to complete travel and expense reports on any device with minimal effort. Corporate travel and entertainment (T&E) is the second-largest controllable expense for companies (after payroll and benefits). …
Why Use an AP Automation Cost Savings Calculator?
An AP cost savings calculator is a tool that will help you determine how much your company or organization can save by implementing procure to pay (P2P) automation. But more importantly than that, it will help you calculate the ROI …
What is Accounts Payable?
A fundamental question of accounting and finance is: what is accounts payable? Accounts payable (AP) is an accounting term that means: “The money you owe for goods or services you have purchased but not yet paid for.” Accounts payable also …
GL Coding – Everything You Need To Know
GL coding is the application of general ledger code (GL Code), a string of alphanumeric characters assigned to each financial entry in an organization’s general ledger. These codes indicate basic information such as a debit or credit by location, or …
Why Does SOC 2 Matter in AP Automation?
Your auditor, lawyer, or consultant says you need audited SOC 2 AP automation. What does that mean? And is it REALLY a requirement? Or just another certification that adds cost to AP automation? Read on to find out! What is …
AP Automation: A/P One for Small to Mid-Market Businesses
AP automation software isn’t just for big corporations anymore. Now there’s A/P One accounts payable software for small to mid-market organizations. In fact, any sized business that processes more than 250 invoices per month can save time and money with …
Invoice Imaging: What is it and How Does it Work?
Capturing invoice data and invoice imaging are tedious tasks. No one actually enjoys spending hours a day entering invoice data into an accounting, ERP system, or even an AP automation solution. And manual invoice data capture is incredibly prone to …