December 2, 2019

DO WE NEED ACCOUNTS PAYABLE (AP) AUTOMATION? We don’t know if you NEED Accounts Payable (AP) Automation. That will be up to you to recognize and decide. HOWEVER, there are probably some very good business reasons for considering or even implementing an AP Automation system or process in your organizations finance department. We’ll discuss those… Read More »

November 21, 2019

What makes a supply chain successful? Is it efficiency through every step of the product/service development and delivery process from your company to your customer? Is it effectiveness and consistency in deliveries for your customers and improving your financial position with positive cash flow? What about maintaining good relationships with your suppliers who provide your… Read More »

November 4, 2019

We’re always glad to hear this question. Accounts Payable Automation simplifies the AP processing workflow and improves performance by reducing errors and costs. But in this day of ransomware attacks and corporate data breaches, is automation safer than current manual processing methods? We certainly think so and will explain why. Financial processes have always faced… Read More »

August 23, 2019

In an ideal world, your business would be fully automated. There would be no inefficiencies, few manual tasks, and certainly no financial risk. And it would cost next to nothing to maintain. Unfortunately, it is not a perfect world, and many companies feel the pain with all the labor that must be performed. Consider how… Read More »

January 9, 2019

If you had it to do over again, would you still hire the people you have working in Accounts Payable?  If not, why did you hire them in the first place?  The answer may not lie in the selection process but perhaps in the job posting.  Ask yourself this. Did your job posting accurately represent… Read More »

October 5, 2018

Did you know that the week of October 8 – 12 of 2018 is Accounts Payable Appreciation Week?  What are you going to do for your AP team to show your gratitude? Bringing in muffins or treating the team to lunch is nice but think big.  After all, the processing of Accounts Payable tasks can… Read More »

August 14, 2018

Let’s assume you have implemented an AP Workflow tool The Go Live went well.  Some issues were identified during the Stabilization Period and were promptly corrected.  Users have become comfortable with the system and all seems to be working as expected. That is great news but are you sure that is the case?  For example,… Read More »

May 22, 2018

Are the Accounts Payable Operations measuring their performance?  If not, how can progress toward goals be measured? How can issues be identified before getting calls from Vendors?  Or worse, Management and Customers? Key Performance Indicators (KPIs) for Accounts Payable can cover everything from the productivity of each AP team member to whether invoices are paid… Read More »

April 27, 2018

Plans are in place to increase sales.  It is anticipated that, at the very least, there will be higher volumes of Purchase Orders created, more and different Vendors to manage and an increase in the number of invoices to be processed.  Does Accounts Payable have the resources to manage a larger quantity of invoices, vendors… Read More »

February 13, 2018

It is month end.  Invoices for the current period are still being received and need to be processed into the ERP for the close.  Do you process them through the AP Workflow System or post them directly into the ERP? Most Accounts Payable organizations would most likely post them directly into the ERP system but… Read More »