Automation

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If it feels like managing your financial documents is too difficult, you are not alone. Today’s digital trade and commerce environment is creating heightened document lifecycle challenges such

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Even with an ERP system in place, businesses still encounter manual pains and operational inefficiencies in their accounts payable (AP) processes. Automation is a well-known

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In the last part of this series, we discussed the importance of assembling a team of people from every single department that touches the P2P process, even those on the periphery, like technology and

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APP2P17_Invocus_Whitepaper_Cover

Many AP professionals dream of a day when their operations will be paperless.

The reality for most AP professionals is closer to a nightmare: operations are overrun with paper invoices that require

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AP Professionals are the unwelcome downstream beneficiaries of procurement processes with inadequate controls – invoices that magically appear with no purchase order and

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Last time, we discussed how AP can improve its relationship with procurement by positioning itself as a business partner, ensuring that vendors are not on the SDN list of barred entities, collecting… Read More

A recent Peloton study revealed that finance professionals spend 64 percent of their time collecting and validating data. Another fourth of their time is spent processing that data, with only the

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APP2P17_Canon_Whitepaper_CoverTomorrow’s Accounts Payable organization will be a radical departure from the status quo.

The Accounts Payable department of the future will no longer be a tactical, paper-intensive transaction

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In part 3 of this series, we covered the need for aligning AP, Finance and Purchasing before attempting any automation initiative. This necessitates AP taking on a greater leadership role by

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APP2P17_Whitepaper_Tipalti_Cover

Early-payment programs – paying suppliers before an invoice due date in exchange for a discount on the amount owed – make Net Payment Terms a thing of the past.

Early-payment programs also

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