Blog
Fintech Changes the Way Businesses Interact
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.
Beyond ACH
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.
Internal Control for Accounts Payable
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.
AP Automation Testing
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.
P2P: What It Is and How To Use It – Part 3
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.
P2P: What It Is and How To Use It – Part 2
In part two of our three-part series on procure to pay, we discuss choosing a program, training and KPIs.
P2P: What It Is and How To Use It – Part 1
What if you had software that took care of cataloging, updating inventory, confirming orders, issuing POs, issuing invoices, and processing payment? Let’s talk about P2P.
Don’t Give Up on Checking Just Yet
Your reliance on checks ultimately depends on the needs of your business. Let’s take a closer look at which parts of checking are worth riding out and which parts are worth avoiding.
Invoicing Electronically
Compared to your competitors, paper invoicing makes you slower, less efficient, and more prone to errors. Switching to electronic invoicing seems like a no-brainer, but let’s look at the list of benefits in case you’re still unsure.