Automation

Follow the Money: Automating Accounts Payable to Illuminate Cash Management

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Automation promises significant efficiency gains for Accounts Payable by removing paper from the invoice and payment process, but Controllers stand to realize the more

Consider ERS to Overcome Procurement and AP Process Issues

Does it ever feel like AP and Procurement don’t speak the same language? You’re not imagining things.

Often, issues as basic as “unit of measure” and “unit of price” can differ between… Read More

4 Reasons Businesses Must Transform Accounts Payable with Digital Technologies

Claim your copy of IOFM’s latest white paper and learn 4 more reasons to automate

The emerging digital trade and commerce environment will require AP departments to:

Process transactions more

Putting Pride Back into Payables: 6 Steps to Successful Supplier Payment Optimization

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Is your AP team stuck in a monotonous cycle of paper shuffling, check issuing, fee management and battling payment deadlines? Join us to find out how you can put pride back

The Human Side of Automation

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Automation doesn’t have to be thought about as a job-destroyer, but a job creator. In the future of finance, where one job is lost, others are created. Automation can help

5 Ways Embedded Procure-to-Pay Analytics Drives Business Performance

Let IOFM Show You How Analytics Drives Better P2P Results

With vast amounts of data flowing through the procurement and finance departments every day, P2P professionals are in a unique position to

Overall as AP increases automation, including passthrough invoicing (meaning invoices come in by electronic method, go through some sort of auto validation and then straight to pay) ...

Q. (cont.) ... what are the best practices with respect to threshold values or invoice sample

Do you have any information on using analytics to auto audit invoices?

Q. (cont.) I'm interested in essentially using programming/SQL to run analytic scenarios to flag

3 Procure-to-Pay Strategies to Achieve Best-in-Class Results

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Compared to their peers, best-in-class procure-to-pay organizations:

Spend less to issue purchase orders and process invoices
Post more invoices straight-through, without

Why AP Automation Initiatives Often Fail—and What to Do About It, Part 7

In the previous installment of this series, we reviewed the importance of costing each step of an automation initiative, benchmarking other organizations’ implementations for guidance, and