Surely, most companies are familiar with the disadvantages of paper, yet they continue to put their A/P staff through the mundane process of dealing with this outdated culprit. Searching, sorting, filing, collating, entering data, fixing data, searching again and everything in between are the largest time wasters and pain points of countless A/P departments.
Automated Clearing House (ACH) transactions have seen a significant increase in B2B Payments from past quarters. It comes as no surprise as ACH offers value added benefits over paper checks. If A/P and A/R departments can send and receive payments faster, lower costs and increase cash flow, why not make the switch from paper to electronic payments?
In today's digital world, receiving a paper check seems like something of the Stone Ages. Not only is there a significant lag time before the check is transferred from Payer to Payee - but there's also the daunting task on the receiving side of getting deposited either via electronic means or good old-fashioned driving it to the bank.
Are you interested in making plans for attending educational or other conferences later this year?
Here you will find a list of conferences from around the nation that offer opportunities to explore, discover, and widen the scope of your financial knowledge. With conferences held at intervals over the next few months, there is plenty of opportunity to find an event to attend that sparks your interest, is close in proximity, or better yet - both.
A CFO's role in a company has transcended closing the books monthly, quarterly & annually...you make strategic decisions in the company and need technology to help improve operational efficiencies and profitabilty.
The ability to automate costly and time-consuming workflows has changed the way businesses operate and manage their resources, and some savvy businesses have already jumped on this trend and implemented automated-software solutions to improve their accounts payable department.
Many AP managers, however, are failing to take advantage of the opportunities Accounts Payable automation provides to remove many of the points of friction in the buyer and the supplier interaction. But the benefits of AP automation are paramount, and implementing the solution can have an enormous impact on reducing AP costs.
Below we put together a list (or cheat sheet) that highlights five ways accounts payable managers can save time and money with AP automation.
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