By converting to ePayments or digital payments, an organization can expect an immediate return on investment (ROI)
In today's digital world, no one really uses checks regularly for their personal transactions. And now, receiving a paper check seems like something out of the 70's. And the steps to process the check file are also very dated. In business, your advanced ERP may output the file seamlessly, there's just no getting around the folding, stuffing and mailing unless you outsource that to a department with machinery to handle that for you.
According to a detailed three-part survey of CFOs conducted by Ernst and Young*, CFO's feel now, more than ever before that there are four different initiatives or tasks they must perform in order to be effective. The importance of each of these four had become a higher priority compared to just three years earlier.
November is the month for reflection and Thanksgiving. When considering your day-to-day routines, are you thankful for your company’s Accounts Payable functions? Are you set up with systems that leave behind manually-labor-intensive and expensive processes?
Today’s A/P best practices are definitely something many can be thankful for this holiday season. Here are the top reasons why: