MHC Blog • Enterprise & Business Automation • CCM • CX • DX • ECM

ERP Integration: What It Is, Benefits & More

Taylor Pettis September 17, 2021

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. (…)

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P2P vs R2R vs Q2C vs O2C: What’s the Difference?

Taylor Pettis September 7, 2021

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. (…)

The Procure-to-Pay Process: What It Is, Best Practices, and More

Taylor Pettis August 18, 2021

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

Taylor Pettis August 6, 2021

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

Taylor Pettis July 6, 2021

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

Taylor Pettis June 30, 2021

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 (…)

Notes Payable vs Accounts Payable: What’s the Difference?

Taylor Pettis June 24, 2021

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.(…)

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Accrued Expenses vs Accounts Payable: How Are They Different?

Ira Brooker June 14, 2021

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 (…)

Accounts Payable vs Accounts Receivable Illustration

Accounts Payable vs Accounts Receivable: Differences, Processes, and Tips

Taylor Pettis June 9, 2021

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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