Process improvement forum link_rev

When AP practitioners discuss improving P2P, the conversation almost invariably focuses on automation. Which technology would accelerate how quickly we: scan invoices, match the invoices to POs,… Read More

Process improvement forum link_revPhase #3: Are You Ready to Automate?

Phase 3

Step 5 — Considerations Before Investing in New Technology

One of the most common, and expensive, mistakes made when trying to improve procure-to-pay is… Read More

Process improvement forum link_rev

Phase #1: Know What and How You Execute P2P

Phase 1

Step One: Define the Problem

Improving procure-to-pay (P2P) isn’t just about squeezing out costs or freeing up time. Poorly run processes can damage… Read More

 Process improvement forum link_revPhase #2: Standardize and Specify How the Work Gets Done

Phase 2

Step 3: Standardize Roles and Responsibilities

Identifying how the process should run, and by whom, is crucial to driving improvements

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When AP departments are able to process payments quickly and accurately, they not only keep management and vendors happy, they can also garner valuable discounts from their vendors by paying… Read More

More businesses are focusing on ways to increase their profit margins and net incomes. One strategy for accomplishing these goals may surprise some people: Accounts Payable automation. The

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More businesses are automating their Procure-to-Pay (P2P) processes end-to-end to improve visibility and control over cash flow and to help drive corporate growth than ever before. P2P automation is

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How_Technology_is_Delivering_Strategic_Benefits_Across_Procure-to-Pay_&_Order-to-CashMore global trade and commerce is conducted electronically than ever before. At the center of an increasing number of these transactions lies a business network that facilitates commerce between

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By Pam Miller The concept of the “expenditure cycle” has been discussed and studied for many years in textbooks—even though many of us have never heard the term. At its most basic level, the… Read More
By Pam Miller, APMD

Things are humming along—invoices are being processed as efficiently as possible when, wham, no vendor in the system! Efficiency vanishes when this exception has to be processed… Read More

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