What is AP automation?

AP automation is a term used to describe the ongoing effort of many companies to streamline the business process of their accounts payable departments. The accounts payable department's main responsibility is to process and review transactions between the company and its suppliers. Automating the invoice payment process. ·       Invoice Capture: Receives paper or electronic invoices, captures...

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9 key steps to successful Accounts Payable (AP) automation (Part 2)

In part 1, I mentioned 4 initial steps leading to successful AP automation. The remaining 5 indispensable steps that you should consider are revealed in this continuation post: 5.  Choose an automation provider Once you have developed a detailed AP automation strategy (based, on the information from the 4 first steps shown in part 1 of this post), you should now be prepared to select an automation provider. The provider selected must be...

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9 key steps to successful Accounts Payable (AP) automation (Part 1)

In tough economic times, AP automation is considered as a lifesaver for AP departments. When implemented properly, AP automation can transform them from cost centers into profit centers. But how do you insure that the accounting department operates as accurately and efficiently as possible, and what is the nearest road leading to successful Accounts Payable automation? Below are the first key steps: 1.  Identify and build your business...

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Exposing 5 misconceptions about AP invoice automation

In the context of the economic downturn, tight credit, and declining margins, AP automation is considered as a powerful tool in reducing costs and bolstering bottom lines. As prevalent as it is, there are lots of misconceptions regarding the benefits of automation. But not to worry! I’m here to dispel the 5 common misconceptions about AP automation....

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5 ways to maximize ROI with AP automation

2016 has proved to be a revolutionary year for many accounts payable teams. At the forefront, AP automation is considered as the critical solution to increase efficiencies and make an impact at the highest level of business operations. This post will help you discover 5 ways to maximize the return on investment with AP automation...

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Top 4 processes to be automated first.

Deciding on which processes to start with is always the toughest task when first implementing workflow management. You may be overwhelmed by the number of processes that need to be automated while your company copes with problems arising from resource limitations such as lack of money, time or personnel....

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What ordeals do accounts payable departments have to cope with?

Deal with ordeals and help the accounts payable departments to process invoices As we all know, the accounts payable department takes charge of processing and checking transactions between the company and its suppliers. This means the accounts payable department has to make sure that all invoices from suppliers are approved, handled and paid...

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