In honor of Halloween, we'll begin today's blog post with a scary story. 

Like all great scary stories, this story is based on real events. Be warned: this story is not for the faint of heart. By the end, the thought of invoice fraud will genuinely haunt you (if it isn't haunting you already). The good news is, there are ways to ensure you don't end up in a real-life invoice fraud nightmare.

Accounts Payable Automation streamlines the Accounts Payable Department resulting in reduced manual processes and improved operational efficiency while reducing the overall cost associated with the department.  There are two processes and two transformations that can occur.  One is much easier than the other to implement.  

In our line of work, we talk to many within the Accounting and Finance field. We've chatted with Chief Financial and Chief Revenue Officers, Controllers, Accounts Payable Managers and more. We have heard many of the same issues, concerns and accounts payable problems mentioned time and time again.

Last week, we published a blog post that featured 6 #accountspayableproblems, with an explaination of why they are problems, real problems and how they can be solved. 

In this week's Part 2 blog post, we will address and solve 5 more accounts payable problems.

PS. If you like FREE, NEW free eBooks, that is, make sure to read to the end... 

In our line of work, we talk to many within the Accounting and Finance field. We've chatted with Chief Financial and Chief Revenue Officers, Controllers, Accounts Payable Managers and more. We have heard many of the same issues, concerns and accounts payable problems mentioned time and time again.

We have, therefore, compiled a list of these #accountspayableproblems, along with why they are problems and how they can be solved. 

In this week's blog post, we will address six, next week in Part 2 of the series, we will address 5 more.

PS. If you like FREE, free eBooks, that is, make sure to read to the end...

A goal of every AP department is to drive down costs, right? Automation is key...But, where do you start? 

Part Two in the Blog Series:  How Payments Impact Your Business

Keeping employee morale high is one of the best things you can do to instill loyalty and maintain a productive workplace.  

Have you ever stopped to think about how payments can impact employee relations in the Accounts Payable department of an organization? Payments can significantly impact employee relations!  

Streamlining your payments to electronic payments changes the traditional payment process allowing employees to spend less time on the physical act of printing, folding and mailing -- all administrative tasks -- and more time on their actual financial roles in the company.  The result may allow them to feel more productive and empowered.  

An experienced Accounts Payable Manager plays the role of a supervisor, which makes you responsible for quickly and adequately processing payments for all invoices that are received, as well as ensuring each member of the team accurately performs their duties. In the best scenario, your team is cooperatively working within the system or standard operating procedures that they feel maximizes their impact while minimizing redundancy and room for error.