In any organization, the products and people are essential to its success. What is necessary to keep the organization alive, however, is the consistent movement of money. If transactions are slow to process and even more sluggish to activate, you’re […]
PO matching, or purchase order matching, is the process of matching a customer’s purchase order to a supplier’s invoice to make sure all the information correctly lines up. Not all companies use purchase orders, but they are widely popular amongst […]
With an enterprise-level accounts payable automation solution, automated approvals are a standard feature that should be included within the solution. The ideal automated approval workflow consists of hierarchical routing/business rules, automated escalations, and vacation re-routing. With these features, your accounts […]
Online portals are an essential and innovative component to utilize when automating your accounts payable department. It’s also important to know what an AP automation online portal will offer, and why they’re important. When looking at different AP automation online […]
When choosing the right accounts payable automation solution, it’s highly important to consider one that offers the convenience of a user dashboard. AP automation dashboards give important insights on a large variety of essential company metrics. Typically, these dashboards are […]
When deciding whether to automate your accounts payable department, it’s important to have an idea of what that automation will look like for your department. Unfortunately, there are often misconceptions about what “fully automating” an AP department actually means. Many […]
While most CFO’s are knowledgeable about the major costs of running an organization, they may not be aware of the day-to-day bills that must be paid. Considering CFO’s AP solutions and the volume of payments that go out regularly, it’s […]
The advent of technological innovation such as big data and cloud computing have coalesced and CFOs and their teams are finding that these new technological innovations can easily be integrated into the way they do business. For example, innovations like […]
In a recent article in Forbes magazine discussing the state of the “Paperless Office”, it was mentioned that, “we are still stocking our offices with paper and using enough of it to reach halfway to the moon.” It also said […]
