Blog
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, inside the business and outside the business, unintentional or...
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 the market. Early payment or dynamic discounting is a good way to make...
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 tools and technology, it can be nearly impossible to manage everything...
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 human errors, unauthorized payments, fraud, and theft. Fortunately, there...
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 you are a vendor manager, you know how tough it can be to bring vendors...
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 aspects of this process that can be quite tricky. One important area...
The Power Of Complete AP Automation In Dynamic Discounting
If used properly, dynamic discounting can help businesses improve cash flow and establish beneficial relationships with their suppliers. A portion of vendors would have a higher demand for cash and could be more prepared to offer a concession in exchange for...
Understanding The Process Of Vendor Management
If you are like most business owners, vendor management is one of the most challenging aspects of running your company. There are many layers to this process, from selecting the right vendors to managing their performance and ensuring that all contractors comply with...
How to Successfully Implement AP Automation: A Step-by-Step Guide
In today's fast-paced environment, companies are using automation to reduce costs and increase efficiency. Automation is a tool that can help organizations improve the way they do business. It can also be used to streamline processes and increase employee...