Don’t Do These 13 Things If You Want Your Business Process Automation To Be Successful

Business process automation

Business process automation (BPA) is a strategy that can yield tremendous results when implemented correctly. But despite the fact that many automation software providers have made their products easy to set up, some businesses are still getting it wrong.

How should you approach business process automation? What should you do and what should you not do? Who should be involved and why? If you find yourself asking any of these questions, read on. We’ve got you covered. Read more

How To Grow Your Small Or Medium-Sized Business With Workflow Automation Technology

How to Grow Your Business

As a business owner in today’s competitive world,  it’s crucial that you implement strategies that can help your business grow and stand out from the crowd. Otherwise, you’ll be left behind.

One such strategy — and pretty much an effective one at that — is workflow automation. Workflow automation technology offers many benefits, including being able to give your small or medium-sized business (SMB) a competitive advantage, setting it up for expansion. Read more

Going Paperless: The Smart Guide to Cloud Storage

Cloud Storage

Did you know that paperwork is a major productivity killer in the workplace? Not only can it sabotage your efficiency, it’s even expensive to manage. Yet studies reveal that the average American office worker uses about 10,000 sheets of paper per year. This is an alarming figure, considering the availability of advanced technology in today’s world. It seems like things are particularly designed to help businesses go paperless. Read more

What Is Business Process Management And How Can It Help Your Business?

Business process management

There is a lot of noise in the technology world, and this noise can make things confusing. It’s especially true for the non-geeks, who would prefer to focus on their business and just take advantage of technology to move their work forward.

You’ve likely heard  such terms as “BPM,” “workflow automation,” and so on, whether it was on the Internet at large or here on the Pyrus blog. Read more

Is This The Secret to Seamless Invoice Matching?

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. Read more

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

Late Payments

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.

One such practice is to pay your vendors accurately and on time. Late payments can result in a number of problems, including: Read more

The Shocking Truth About Manual Invoice Processing

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.

Here’s the truth about manual invoice processing: this outdated methodology has been found to have over 101 weaknesses, and all of them contribute to a shockingly poor invoice processing experience. Chances are that if you’re still processing your vendor invoices manually, you are encountering these classic problems and harming your productivity. Below are some of the drawbacks associated with manual invoice processing techniques, an explanation of how such techniques have been undermining your accounts payable (AP) processes, and why you need to ditch them ASAP. Read more

Track These 9 Accounts Payable Metrics To Optimize Your Invoice Processing

Accounts payable metrics

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.

In the end, you should be able to to straighten out your AP workflows and optimize your invoice processes considerably. Let’s get to it. Read more

7 Common Misconceptions About Workflow Automation

Accounts payable 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.

Why would an innovative organization in the 21st century ignore a concept that’s easy to implement and yields tangible advantages? The answer has to do with common misconceptions and myths that have arisen over time. Read more

10 Ways Workflow Automation Cuts Invoice Processing Costs

Invoice processing

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. Read more

Top 5 Accounts Payable Processes to Automate

Top 5 Accounts Payable Processes

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

That sounds pretty simple, doesn’t it?

Well, in practice, it’s not always so.

From arrival to payment, invoices often go through several processes depending on an organization’s business rules. These processes can be tasking, especially if the company has a whole slew of invoices to process. Read more

A Step-By-Step Guide To Automating Your Accounts Payable Processes

Step-by-Step Guide to Automating your Accounts Payable Processes

We’ve already given you 15 reasons why you should automate your accounts payable (AP) processes. It saves time, reduces costs, leaves your employees free to do the more-pressing tasks they need to tend to, and so on.

In today’s post, we’ll take you through the step-by-step process to go from a paper-based accounts payable invoice processing to a fully automated system. It’ll go off without a hitch once it’s set up, but first, let’s start with the basics. Read more

15 Reasons Why You Should Automate Your Accounts Payable Workflow Today

Workflow automation

It’s time to talk about optimizing one of the least-sexy business processes out there: invoice approval.

When invoices are processed effectively, it directly yields a positive impact on turnaround time, operational efficiency, and your overall bottom line.

Traditionally, invoices are processed and approved manually, but it’s important to understand that there’s a better way to do this in the 21st century and it’s automation. Read more