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! (…)
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. (…)
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! (…)
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. (…)
In this article, we’ll define what data capture is, describe how it works, and explain why automated data capture can revolutionize the way your business operates. (…)
Discover the differences between non-PO and PO invoices, in terms of what they contain, when they are generated, the approval process, and even ways to streamline workflows with automation tools. (…)
To run a successful AP and AR department, you must have a sound understanding of purchase orders and invoices. In this article, we’ll take a closer look at their differences and similarities and why they’re important to your business. (…)
Discover what purchase orders are, how to create them, review the purchase order process, and reveal the many benefits you stand to gain from using them. (…)
AP departments often have to deal with duplicate payments. We’ll cover what they are, the causes of duplicate payments, and the best practices you can use to avoid them. (…)
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. (…)
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 (…)
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 (…)
You’ve probably heard the term “accounts payable” before and know that it’s an integral measure of a business’s financial health. But do you know what accounts payable means or the true impact AP can have on your business? (…)
Audits can provide valuable information that can help you review your operations and find room for improvement. Learning about audits can help you prepare for your next one with technology like AP Automation. (…)
With more and more companies adopting this software, the gap will widen between the companies that use RPA and those who choose to continue without it. Find out all about robotic process automation for AP and AR. (…)
What if there were a way to reduce those uninspiring hours and replace them with more meaningful work, all while increasing efficiency and accuracy? An automated AP system can help. (…)
The following tips and practices can be utilized as an accounts payable internal control checklist to make your processes as efficient as possible to save you time and money. (…)