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. (…)
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. (…)
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. (…)
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 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. (…)
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. (…)
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 (…)
Organizations use accounts payable (AP) and notes payable (NP) to monitor debts. Because AP and NP are both documented as liabilities on a balance sheet, people are often confused by their differences.(…)
In this article, we’ll help you understand the definitions of accrued expenses and accounts payable, and walk through the key differences between them. Both are critical for keeping your balance sheet (…)
Two of the most important processes for any business are accounts payable (AP) and accounts receivable (AR). It’s important to understand the difference between these two. (…)
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