Understanding the Invoice Process and its Challenges

Receiving an invoice is the first step in the AP department payment process, but many people do not understand all the steps necessary in receiving, verifying, and tracking those invoices. It can be a complicated process and involves many steps that are crucial in...

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...

Why Your Company Should Be Automating Its Accounts Payable

Automation is the way of the future, allowing companies to focus on running their business rather than spending time with manual processes. Most modern companies have turned toward automation services to streamline their finances, invoice processing, and other...

How Accounts Payable Automation Can Simplify Your AP Department

Accounts Payable departments are involved in every aspect of a payment’s life-cycle, which starts with receiving an invoice. No matter the size of your company, processing invoices can be tedious and frustrating as a delay during any step can cause significant...

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...

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...

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...

The Business Case for AP Automation, Part 2

In part 1 of our article we discussed the different pieces of research that you needed to consider as you put together your business case for AP automation.  Part 2 is all about the potential benefits your company will receive from automation.  You’ve done all of the...