What Is Accounts Receivable Management?
Accounts receivable (AR) management is the practice of obtaining customer payment within a given period of time. Discover why it’s important, and how effective AR management can benefit your business. (…)
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Accounts Receivable Aging: Definition, Uses, and More
Running a business can be extremely difficult. In this post, we will discuss the importance of tracking past due balances, also known as accounts receivable aging, and the best methods for doing so. (…)
Invoice Processing: What It Is, Steps and More
Invoice processing is a fundamental part of every growing business. In this article, we break down invoice processing by steps and discuss the benefits of automating invoice processing within a company. (…)
ERP Integration: What It Is, Benefits & More
This article will explain the basics of ERP and then dive further into ERP integration, the methods by which to achieve ERP integration, the various types of integrations, as well as the benefits of choosing this solution. (…)
P2P vs R2R vs Q2C vs O2C: What’s the Difference?
Optimizing your organization’s procurement procedures can seem daunting, with so many types of processes. Here, we’ll dive into the differences between P2P, R2R, Q2C, and O2C and what eachof them is used for. (…)
Confessions of an AP Manager: The 6 Day-to-Day Pain Points and Their Cures
Discover the biggest pain points in the day-to-day life of an AP manager. In this little “therapy session”, Dr. MHC would like to help you see that you’re not alone in these headaches. And, most important, that there’s a cure. (…)
The Procure-to-Pay Process: What It Is, Best Practices, and More
Any company that hires outside vendors or suppliers needs to have a procure-to-pay (P2P) process in place to track and complete external payments. Learn more about the P2P process and how to maximize its efficiency (…)
Document Indexing: What Is It, How It Works, and More
Document indexing is a great way to help your company get your digital files organized and it applies to files involved in processes across your organization, from accounts payable and accounts receivable to procure-to-pay and more. (…)
What Is Data Extraction? A Guide
In this article, we’ll walk you through what data extraction is, why it matters to a business, and give an example of how it can be used to improve something as fundamental to a company as its AP department. (…)
Straight Through Processing (STP): Definition, How It Works & More
The concept of straight through processing (STP) comes up across many sectors, from securities trading to AP and AR. But what does it mean, exactly? We’ll walk you through the definition and why it matters (…)