by admin | Dec 30, 2020 | Accounts Payable
How many days does it take to process an invoice? Have you missed early payment discounts? How much does it cost to process an invoice? If you are unsure of any of these these questions, your AP process might need a new solution. If start to work on the solution now,...
by admin | Dec 30, 2020 | Accounts Payable
As businesses move to the new digital era, all segments of a businesses will change and can be difficult for owners and employees. The benefits of moving to a digital workplace is critically important in the world we now live in. Despite all the new tools and...
by admin | Dec 30, 2020 | Accounts Payable
Invoice processing is a crucial process for the accounts payable department and paying your vendors accurately and timely is a must. Even a small error can have a huge impact on your business’s reputation. It also may hinder the way that customers look at your...
by admin | Dec 30, 2020 | Accounts Payable
Costs Did you know that AP departments can spend up to $20 to process 1 invoice? If you are only processing 50 invoices per day, you would be spending $365,000 per year to process invoices. By outsourcing your AP process, you can cut that cost by 40% to 60% yearly....
by admin | Dec 30, 2020 | Accounts Payable
Do you know how much money that you could save by outsourcing your AP processes? Manually processing invoices is a labor-intensive process which uses many processing hours throughout multiple departments within companies. This manual process not only creates high...
by admin | Dec 30, 2020 | Accounts Payable, Document Scanning
Many of us AP professionals are swimming in a sea of paper with invoices coming from vendors directly and invoices being routed to us from approvers. These invoices coming from the approvers are the ones that we in Accounts Payable are always blamed for losing even...
by admin | Dec 30, 2020 | Accounts Payable
Allows your vendors to send invoices directly to a managed PO Box in your companies name where they open the mail, sort, scan and do data capture of invoices Gain benefits of upfront scanning and data capture Eliminate paper handling by moving the scanning to the...
by admin | Dec 30, 2020 | CTI Image
In Acquisitions, Companies Aren’t the Only Things Being Merged That’s right – when one company acquires another, they’re getting a lot more than additional locations and customers. Financials, business documentation, human-resources related information, and more – all...
by admin | Dec 30, 2020 | Accounts Payable
Ten years ago there were only a few best practices when it came to automating the accounts payable process. The one that was widely adapted was scan to archive (also known as backend or late scanning) which occurred at the end of the accounts payable process to get...
by admin | Dec 30, 2020 | Accounts Payable
Many businesses find themselves processing their own Accounts Payables. Resources and expenses are being spent on AP Processing tasks that have an indirect relation to the company’s products or services which may be undesirable by businesses. Outsourcing your A/P...
