Payment

Vendors for years have used invoice discounts as a means to entice buyers into paying sooner. Under standard discount terms, such as 2/10 Net 30, buyers receive a 2 percent discount by paying their

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Organizations have a variety of payment methods available to them, each with its own unique processes. Whether you are paying a supplier with a check, an ACH transaction, or a purchasing card, the

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Manual check signing can be a cumbersome process that is time consuming and uses valuable accounts payable resources that could otherwise be utilized within another AP function. Many AP departments

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The ultimate focus of accounts payable process improvements has long been to cut paper. After all, paper is expensive. Processing a single paper invoice from receipt to payment can cost between $4

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At first glance, wire transfers appear to be something to avoid entirely. They are expensive to send and receive and, once initiated, cannot be reversed. Despite these issues, when properly leveraged

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For small accounts payable departments, it is easy to come up with reasons not to automate a process. Maybe you do not have the time. Or perhaps the money just is not there. Maybe it takes so much… Read More

What You Need to Know About Cross-border Electronic Payments Rules governing international electronic payments could put your organization out of compliance – even if you never send or receive

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Current UCC Codes outline specific check fraud responsibilities for banks and corporations. Court decisions have established guidelines for legal responsibilities, and failure to meet these

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What’s the most important part of the check that you send to your vendor, the check itself or the remittance stub? That may sound like a silly question–it's the check, of course, or the ACH

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Also, although companies report widespread ability to pay via ACH, other IOFM surveys show that more than 75 percent of payments are still made via paper check. The reason may be that AP departments

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