Like many of you over the past year, your humble blogger has had to do more than a few work-related…
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Online payment methods are regularly used around the world. The only difference between how you pay and how your customers…
Have you ever seen a picture of yourself from years ago and wonder, “Where did that shirt go?” You start…
In the process of incorporating new technologies in small and medium-sized enterprises, the Cloud continues to be the most important….
Before the calculator was made, how long do you think it took to accurately complete a balance sheet? The calculator,…
You may think that your life is not affected by financial technology but it’s all around us. Fintech is using new software and technology to change the way people pay for things and is the driving force behind the advances in cryptocurrency. These services are available to your business and are a healthy investment to make for the future.
Checks and related Automated Clearing House (ACH) payments shouldn’t be left behind when it comes to taking care of your vendors. But cost matters when we process payments. In this blog we discuss some potentially cheaper ways to pay your vendors/suppliers besides checks and ACH.
Employees and outsiders may be taking advantage of your weak internal control system for your accounts payable to siphon extra money off the top. We’ll explain the downsides of a weak internal control, how to identify these problems, and how to make your internal control system even more effective.
A risk-reward calculus is at the heart of most companies’ decision-making when it comes to AP Automation Testing. When a company aspires to the gold standard of DevOps (software development and IT operations combined), they have a critical decision to make about how much automation should be implemented into their testing. We’ll discuss the factors that must be considered first.
In the final part of our series on procure to pay, we give you some actionable tips to achieve success that can be replicated by any dedicated AP leader.