Workflow automation Archives - Page 3 of 4

Is This The Secret to Seamless Invoice Matching?

“Accounts payable invoice matching” refers to the comparison of prices, quantities, terms, and other relevant information appearing on an invoice with the information on the purchase order (PO), the goods received note (GRN), and the acceptance or inspection documents. It is usually performed for goods and services ordered through a PO, and is one of the basic steps in invoice processing, necessary for an invoice to be deemed eligible for payment.

August 22, 2016April 4, 20209 min read

The 10 Best Practices In Accounts Payable Automation

In automating your accounts payable processes, which steps can you take to make sure you get the best returns on your investment? What are the most effective strategies that will help your team get the most out of the automation tool you choose? What are the best practices to follow in implementing and using it?

August 20, 2016April 4, 202011 min read

A More Efficient Way to Manage Your Accounts Payable Documents

Accounts payable is particularly a document-heavy department. Whether you’re dealing with vendors or upper management, there are usually tons of documents to process and approve, like vendor invoices, reports, purchase orders, and so on.

August 18, 2016April 4, 202011 min read

How To Save Your Accounts Payable Team From Late Payments Once And For All

Your organization’s accounts payable (AP) operations can have considerable impact on your overall success. This means you should follow modern business practices in order to make a mark and stay ahead.

August 13, 2016April 4, 202011 min read

The Shocking Truth About Manual Invoice Processing

Are you still dependent upon a manual system to process your vendor invoices? If so, not only does it mean your system is obsolete, but you’re simultaneously putting yourself and your business in a disadvantaged position.

August 11, 2016April 4, 20208 min read

Track These 9 Accounts Payable Metrics To Optimize Your Invoice Processing

In automating your accounts payable (AP) processes, it’s essential that you track some key metrics. In this post, we’ll explain why this is important, which accounts payable metrics to track, and how to use each one to improve your invoice processing system.

August 10, 2016April 4, 202010 min read

7 Common Misconceptions About Workflow Automation

There’s been a lot of talk lately about the power of workflow automation and what it can do for a business. However, some companies are reluctant to embrace this phenomenon.

August 5, 2016April 4, 20209 min read

10 Ways Workflow Automation Cuts Invoice Processing Costs

Have you ever wished you could cut back on your invoice processing costs without sacrificing efficiency and work quality? A study carried out in the United States showed that an average company spends as much as $25 pushing one invoice through a paper-based system. At the same time, half of all companies take between five and 15 days to process a single invoice when they do so manually.

August 3, 2016April 4, 202011 min read

Top 5 Accounts Payable Processes to Automate

The main responsibility of accounts payable (AP) departments is to ensure all valid invoices from vendors are approved, processed, and paid.

August 1, 2016April 4, 20209 min read

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