Do You Know What Your AP Invoices Are Trying to Tell You?
Accounts payable invoices are often the ‘eyes’ to the financial health of the business. With these insights, businesses can determine whether to take advantage of early payment discount opportunities, identify spend trends and patterns, gain an edge in contract negotiations and more.
6 Steps to Painless Accounts Payable Automation
Digital technologies such as intelligent data capture, workflow automation and seamless enterprise resource planning (ERP) application integration are significantly cheaper, more accurate, faster, more transparent and less vulnerable to compliance risks than manual and semi-automated processes... But many accounts payable departments perceive automation projects as being painful.
How to Choose the Right AP Automation Solution for Remote Working
If automation is a priority for your accounts payable department, you are not alone. Seventy-one percent of accounts payable departments plan to automate further in 2020, according to the results of an online survey conducted by the Institute of Finance and Management (IOFM). Even highly automated accounts payable departments plan to deploy more technology this year.
100 Million More Reasons to Automate Accounts Payable
A recent article in The Wall Street Journal should be a wakeup call for CFOs and other senior finance leaders who are on the fence about the need for accounts payable automation.The story details a complex invoice and wire fraud scheme that bilked two of the most prominent technology companies in the world out of more than $100 million between 2013 and 2015.
The 5 Most Critical Metrics to a Successful AP Automation Proposal
The Benefits of Accounts Payable Automation are Proven and Compelling. But most accounts payable departments still rely on manual and semi-automated processes. This is especially vexing in departments that have made big investments in state-of-the-art ERP applications.
How AP Automation Helps Mitigate Fraud and Compliance Risks
If it feels like it is getting harder to manage your finance organization’s fraud and compliance risks, you are not imagining things. The finance department is a target-rich environment for crooks. Each year, corporate America loses the equivalent of 5 percent of its total revenues due to fraud, studies show.
The Serious Side of Laughable T&E Reimbursement Submissions
Would your business reimburse an employee for … a cow? …a bear rug?… a pogo stick?...a bag of cat litter? These eyebrow-raising expenses are just some of the real inappropriate reimbursement submissions cited by CFOs surveyed by Robert Half Management Resources.
Get Control of Your AP Information Before the Fraudsters Do!
How vulnerable is your business to payment fraud? If your business relies on manual or semi-automated invoice processes its risk of fraudulent payments is probably higher than you think.
A CFO’s Secret Weapon for Controlling Outbound Cash Flows
After years of defensive strategies, CFOs are squarely focused on helping grow their business. Most CFOs say that helping their business develop strategies for growth is a top priority, per Accenture.But to accomplish this, CFOs will need to get better control of their outbound cash flows.