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. (…)
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. (…)
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. (…)
In this article, we’ll walk you through the key steps of the accounts payable process—from purchase orders to payment processing—and point you in the right direction for improving yours (…)
Businesses have begun taking advantage of optical character recognition (OCR) to prevent the headaches that come along with data entry. This article will explain what OCR is, how it works and its benefits (…)
In the world of accounts payable, there are a slew of steps and checks to ensure that a company pays its bills quickly and accurately. This guide will walk you through exactly what three-way matching is and why it matters (…)
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