Document imaging and management solutions aren’t just for large corporations anymore. Small businesses around the world are starting to benefit from these invaluable tools for saving time and money. We’re busting five myths about document imaging and...
You may have noticed our trademark phrase “Capture. Manage. Automate™” in our logo. These three words hold a lot of power once you understand the substance behind each word. In an AP environment, the first capture step is converting paper documents into...
Tip #5: Improve Your AP Department by Increasing MoraleSome accounts payable managers have a difficult time keeping employees motivated. There are many reasons for this but we’re shining the light on one particular reason: repetitive, manual processes. These...
Tip #4: Fast-Track Your Approval ProcessYou can improve your AP department by speeding up the invoice approval process. Considered as being slow and inefficient in the majority of organizations, the approval process can cost companies a lot of money without realizing...
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...
