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Key Benchmarks to Measure the Effectiveness of your Accounts Payable

Over 40 years ago, renowned management consultant Peter Drucker said, "What gets measured gets improved." That concept is still true today, and it applies to accounts payable processing. The questions for CFOs and Controllers are, "What do I measure?" and "How do I...

How AP Automation Can Simplify Your Bank Reconciliation Process

Bank reconciliation is a necessary but often painful process that companies should regularly complete for cash management purposes. Without an accurate picture of your company’s financial state, you could end up bouncing payments, incurring late payment fees, or end...

Understanding the Biggest Challenges to Your Accounts Payable Process

Your Accounts Payable department is responsible for some of the most important facets of your company: managing your finances, maximizing your cash-flow, and keeping your vendors and suppliers happy. Accounts Payable automation is a great way to increase the speed and...

How Do ACH Transfers Work?

After exploring the different payment methods available to your business, you might be leaning toward ACH transfers based on its added security and ease of use. But how exactly do ACH transfers work and who uses them? Transferring money through the ACH Network allows...

ACH Credit vs. ACH Debit

Using an ACH payment method allows your business to securely process payments to vendors and retain control over your funds throughout the process. Payments go through the ACH Network and are issued to the receiving bank account. There are two types of ACH transfers...

4th Quarter 2017: The Final Stretch to “Boost Your Bottom Line”

by Warren Glick We’re getting into the final stretch of the year, a time when many businesses scramble to get back on track and meet the goals they had set back in January. Daily review of financial reporting, controlling expenses, maximizing sales revenue and...

The Case for MS Dynamics GP Integrated AP Automation

With over 50,000 customers, Microsoft Dynamics – Great Plains (GP) is one of the major success stories in the ERP industry. Organizations have achieved great benefits from its deployment due to its scalability and versatility. Now paperless automation, once reserved...

Converting to Electronic Payments: Is It Worth the Investment?

Using electronic B2B payments have proved to be one of the best ways to streamline operations and reduce Accounts Payable costs. However, your company may still be wondering whether converting to electronic payments will provide a return on your investment. In order...

Top 10 Key Performance Indicators for Accounts Payable Operations

Finance leaders in most companies are looking at their Accounts Payable department to find opportunities for improvement, and to determine when bringing in new technology makes financial sense. The best way to accomplish both of those goals is to establish and track...

Moving Vendors to ePayments

If you're responsible for your Accounts Payable operations, you know the value of electronic payments and the time and money that can be saved over manual check processing. The switch to ePayments also offers important benefits in maximizing resources, where time...

Are Check Based Payments Punishing Your Business?

If you believe that writing paper checks is the best way to pay invoices, you’re missing the most effective method for completing the accounts payable process. In fact, writing paper checks may be hurting your business in ways that you haven’t even considered....

Ending the Paper Chase in Accounts Payable

Even with the great strides achieved in digital imaging and technology, many accounts payable departments still spend a great portion of their time chasing paper. It’s amazing that even among organizations using the most sophisticated ERP systems, AP staff still often...

Why Your ERP Isn’t the Best Option for Payments

When discussing the subject of streamlining accounting processes, the option of using your company's ERP system always comes up. ERP systems are excellent for integrating accounting with things like order management, inventory, HR and customer relationship management,...

5 Critical KPIs for Your CFO

Chief Financial Officers can have a great deal of influence over the success or failure of a company. They're responsible for financial planning, managing financial risk and reporting on the financial health of the organization to higher management levels. It can be a...

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