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Categories Accounts Automation6 Steps to Accounts Payable SuccessAccounts payable is a document and data-rich environment which can sap time from your accounting team and money from your business. However, there are ways to help you to cut down on the amount of paper you use, as well as cut costs and increase staff efficiency. Here’s our six easy steps to accounts payable success.
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Categories Accounts AutomationHow secure is your data within an automated invoice processing system?
When it comes to electronic data, one of the biggest questions asked is usually around security and how safe data is when utilising an automated processes. We believe that strong internal controls are the backbone of any effective accounts payable operation and, as a result of that, our automated invoice processing solution deploys all the […]
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Categories Accounts AutomationGet in control of your Accounts Payable
One of the key statistics to come out of an APN survey of Accounts Payable in 2015 was that 40% of those working in that department did not check their metrics regularly. A lack of visibility and control within the AP process was high on the agenda and came in as one of the top […]
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Categories Accounts AutomationInfographic: Overcoming Key Challenges in Accounts Payable
Finance professionals face a number of challenges in Accounts Payable which are only set to rise if they aren’t addressed soon. In a recent survey, 15% of respondents said that their invoices cost as much as £15 to process and more than 40% didn’t know the true cost at all. The following Infographic outlines how […]
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Categories Accounts AutomationBuild trust and relationships with swift payments
The process of making payments on time and in line with service level agreements is a high priority in Accounts Payable. However, all too often, it can be seen as a major issue – with many organisations claiming making swift payments is one of the top three challenges facing the industry. Late payment penalties can […]
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Categories Accounts AutomationEnable your accounts department to do more for less
Accounting departments are often the most document and data-rich environments in an organisation and they can also be one of the most costly in terms of time, money and resources. But your accounts department can be enabled to do more for less. Businesses strive to be more productive – and get more return on their investments […]
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Categories Accounts AutomationMaking Accounts Payable bearable
When people hear the concept, “Accounts Payable Automation” they take it either one of two ways: they understand its depth and complexity completely, or the phrase vaguely references “that expensive thing the big companies just started doing” or “that option for businesses without a proven accounts payable process already nailed down”. True, the latter group […]
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Categories Accounts AutomationGet paid faster with Invoice Automation
Getting paid on invoices – quickly and reliably – is vital to every business’s survival. Organisations are doing what they can to keep working capital longer – including stretching out invoice payment terms as long as possible – a known and continuing trend. However, invoice automation can enable companies to ensure that the notion of […]
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Categories Accounts Automation4 ways to turn your Accounts Process into profit
No one likes to be rummaging around for spare change, but we’ve all been there. Another 30p for an extra caramel shot in your latte? Unfortunately for CFOs, there’s no sofa or desk drawer big enough to squeeze out that kind of extra spend if tasked with finding it. While sending off direct reports with […]
