Tip #3: Get rid of old and costly dataYou can improve your AP department by purging old, unwanted data, especially if you’re backing that data up. After the required retention requirements on documents are expired, you should be ridding your department of it.If you...
Managing cash flow efficiently can be a big problem for AP professionals. Luckily, there is an easy way to bring it back under control.Tip #2: Improve cash flow You can improve AP cash flow by cutting the costs of purchases. How? By leveraging early-payment discounts...
As an Accounts Payable manager, we know that you’re under pressure to run your AP department as efficiently as possible. Finding and implementing solutions for your AP problems, (from managing invoices and supplier relations, to keeping productivity high and turnover...
Understanding AP Automation as a whole can be quite difficult as it is a fairly new process that can be very complex. Getting a grip of how it all works is one thing, but fully understanding the benefits behind it is another. In this blog post we break down the 5...
If you are an Accounts Payable Manager, chances are you are under pressure to improve efficiencies while cutting costs. While being able to do more with less may sound impossible – it isn’t. Leveraging technology can significantly reduce many of the tedious...
People often over look the Mailroom Automation service. It is a great complement to any AP automation project!How it worksWe first step up a PO box dedicated to receiving the invoices from your company. We also set up email routing for any invoices that are received...
