Accounts Payable Archives

Why Automate Your Invoice-to-Pay Process?

By Ira Brooker / January 5, 2023 January 18, 2023 / 4 minutes of reading / Accounts Payable

Let’s take a look at some of the specifics of the invoice-to-pay process, including the benefits of moving from a manual process to an automated invoice processing solution. (…)

Top US Corporate Payment Trends Shaping 2022 and Informing 2023

By Elizabeth Allen / November 23, 2022 January 6, 2023 / 5 minutes of reading / Accounts Payable

Having hosted some of the brightest minds in accounts payable, we have been able to get a grasp on the most informative trends we’re seeing in US corporate payments in 2022. And as we’re always looking to the future, we’re eager to discuss the payment trends we believe will have the biggest impact on AP teams in 2023. (…)

How to Make Accounts Payable Paperless

By Ira Brooker / November 18, 2022 January 18, 2023 / 1 minute of reading / Accounts Payable, Automation

As accounts payable departments move to more, the idea of a paperless AP system has become more and more appealing to many organizations. Discover the 10 benefits of making your AP department paperless! (…)

Winning the Battle of Payment Reconciliation with Automation

By Ira Brooker / October 21, 2022 January 18, 2023 / 4 minutes of reading / Accounts Payable

Let’s examine the world of payment reconciliation tools in terms of the overall process, the benefits of automation, the risks of using an outdated system, and other important insights. Find out more! (…)

Automated Invoice Approval Workflows

By Ira Brooker / October 18, 2022 January 18, 2023 / 2 minutes of reading / Accounts Payable

Let’s take a closer look at how an automated invoice approval workflow works, the main steps it includes, and the benefits you reap with automation. Then let’s go through the risks you’re looking at if you stick with manual approval. Find out more! (…)

Metrics and KPIs to Improve Your P2P Processes

By MHC Team / August 11, 2022 January 18, 2023 / 2 minutes of reading / Accounts Payable, Procure to Pay

Metrics matter. Join Brian Rosenberg, CEO of TRG Consulting, as he goes into an in-depth examination/analysis/breakdown of how AP and Procure-to-Pay operations can be transformed through metrics. (…)

5 Simple Solutions to Common Paper Document Storage Problems

By Elizabeth Allen / July 26, 2022 January 18, 2023 / 5 minutes of reading / Accounts Payable

It’s daunting just how much paper flows through an organization every year. Add onto that the unique federal or industry regulations regarding the amount of time each paper document must be maintained, and you suddenly have a very large issue. Discover 5 simple solutions to the most common paper document storage problems! (…)

Create a More Efficient AP Workflow

By Elizabeth Allen / June 30, 2022 January 18, 2023 / 3 minutes of reading / Accounts Payable

Find out how important a well-oiled accounts payable workflow is to an organization, regardless of industry. Discover what an AP workflow is and why it matters, and ultimately, what your AP team can do to benefit from a well-structured accounts payable workflow. (…)

AP Automation: Your Tool to Survive the Great Resignation

By MHC Team / June 14, 2022 January 18, 2023 / 2 minutes of reading / Accounts Payable

With unprecedented challenges in attracting and retaining staff, find out how AP automation can help you survive The Great Resignation by creating a more digital workplace! (…)

7 Automated Data Capture Methods To Streamline Your Business Processes

By MHC Team / May 26, 2022 January 18, 2023 / 3 minutes of reading / Accounts Payable

In this piece, we’ll discuss the problems with manual data capture and the different methods of automated data capture, so you can find the right one for your business’s needs. (…)