Blog
Gain Transparency through Automation and Digitization
In today’s market, transparency is very highly valued. In an accounts payable department, efficiency is of utmost importance, but so is transparency. It ensures that everyone who needs to know about...
How do I get my Invoices paid faster?
Invoices are documents that tell a business who is to be paid and when they need to be paid. Invoices that businesses issue make sure that they are paid within the given time. However, if you feel...
Vendor discounts: Unraveling the complicated math
Discounts are the saving grace for a buyer. They are hard to ask for, but they are equally hard to understand. There’s a lot of math involved in availing discounts, which you should understand well...
What is invoice fraud, and how do you prevent it?
The accounts payable department is the heart and soul of a business. The importance of AP is exactly what makes it the prime target of fraudulent actions. This fraud can come from various areas,...
Early payment in AP (how much am I really saving?)
An early bird gets all the worms. In this case, an early buyer gets all the discounts. Discounts are a ray of hope to small and medium businesses, which let them compete with the large companies in...
Ten reasons why your business should focus on Vendor Management
Running a business is an extremely challenging task. You need to manage a lot of different stakeholders, and you have to keep track of all the different vendors who work with you. Without the right...
AP Automation Software: Finding the Right Fit for Your Business
Accounts payable processes are daunting and complex at their best; manually processing your invoices can take weeks, and sometimes even months. Manual processing also opens the doors for blatant...
Benefits of a well structured vendor management process
Making your business’ vendor management a well-structured process has various advantages. After all, to manage a certain business, you need various plans to see through to every little action. If...
A Business Owner’s Guide to the Accounts Payable Process
If you are a business owner, your role likely includes managing the company’s finances. Whether you have a team of accountants and bookkeepers or if you do the work yourself, there are several...