Tag: AP Automation
The Benefits of AP Automation Quantified
Most people are aware of the many benefits of AP automation — converting accounts payable processes from manual to electronic – but they might be hard pressed to quantify them. At first glance, automating your...
5 Steps to Creating an AP Automation Project Plan
Transforming your AP from a manual process to an electronic one saves time, money and provides unprecedented visibility into cash flow. In fact, it’s been proven over and over that AP automation is worth the...
AP Automation In Action: 4 Tales of AP Transformation
It takes little effort to find a plethora of third-party resources that tout the cost-savings and increased efficiency that accounts payable automation (AP automation)can generate. In fact, a 2018 Ardent Partners report discussing the current...
Why Accounts Payable Automation is Worth the Investment
The term accounts payable automation,or AP automation, describes the process of streamlining the business processes and workflow of AP departments through technology advancements. Undergoing the transformation from manual to automated AP processes may seem like...
B2B Electronic Payment Adoption & Fintech’s Evolving Role: NACHA and Bottomline Technologies Sound Off
Despite offering innumerable benefits, electronic payment adoption continues to face challenges as organizations cling steadfastly to their tried and true paper-based processes. Fintechs have worked and continue to work hard to change that, however. To...
Request for Payment and the Need to Balance Speed & Security: NACHA and Bottomline Technologies Sound Off
As you consider the proliferation of new payment options flooding the industry, such as request for payment, it’s easy to be overwhelmed by the choices and confused by what it all means to you and...
Getting More Out of Accounts Payable: Lessons for Treasurers
As discussed in the previous post and throughout the series, as the function of accounts payable evolves, Treasury is positioned as an ideal partner to help transform it into a profit center. Here are the...
3 Trends Impacting Your AP Department in 2018
For accounts payable (AP) departments, the pressure is on. Traditional responsibilities are shifting and AP is being tasked with driving greater value, cost savings, and efficiencies across business functions. Three industry trends are the driving...
The Importance of Measurement and the Treasurer’s Stake in AP
As discussed in a previous post, AP is often viewed as a cost center and Treasury, in conjunction with AP, is key to establishing the link between corporate goals and AP’s role. But what are...
The Top 4 Accounts Payable Priorities for 2018
If you don’t want 2018 to be “more of the same” in Accounts Payable (AP), then some serious prioritization – and action – is in order. Here are four top priorities that should drive your...