Invoice Automation: Clarifying the Confusion
If you walk through the finance department of most any mid- or large-sized company, look for stacks of paper rising halfway to the ceiling. Then peer into a cubicle around the stacks. You’ll see a hardworking employee manually entering data into a computer, stuffing intra-office envelopes, taking phone calls from vendors, filing, punching keys on a calculator, and — when time permits — swigging coffee from an urn-sized mug for fuel to get through the day. Welcome to Accounts Payable: the final frontier for automation in Finance. (Read More Here)

Enhancing Your Financial System
The first financial systems were simple ledgers for tracking debits and credits and producing basic financial reports. Over time, they grew to include systems for accounts payable, accounts receivable, payroll, cash receipts, purchasing and other business functions. (Read More Here)

Getting Purchasing & AP in Sync
Accounts Payable and Purchasing: best friends or worst enemies? That question may paint an extreme picture of the relationship between the two departments, but there’s little doubt that those who lean toward the “best friends” category add more value to their companies than those leaning toward being “worst enemies.” (Read More Here)

What is Purchase-to-Pay?
Over the last few years, there’s been a fundamental shift underway with regard to how organizations manage their spending. Simple purchasing systems are being replaced by “best-of breed”systems that capture 100% of purchasing, non-PO invoice and expense reimbursement data in a single database. (Read More Here)