Posts Tagged ‘EDI’

Measuring the Effectiveness of Accounts Payable

Accounts payable is one department in any organization that should be relatively easy to measure for effectiveness. Factors such as rate of invoice turnover, number of invoices correctly processed and others can be expressed numerically with little trouble if the […]

Three Important Elements of a Successful AP Department

As competition is increasing every day in most business sectors, organizational leaders ask all their departments to start playing a more strategic role in both controlling costs and driving growth. And, of course, AP departments are no exception. But, the […]

Is Your AP Processing on Auto-Pilot Yet?

Let’s face it, the challenges that often plague AP departments are definitely not new, but as companies are reeling from the effects of the inefficiencies and sky-high costs of manual AP processing on their bottom line, they start to see […]

Increasing Quality Control in Accounts Payable

In today’s accounts payable department, concise financial reporting is crucial. A poorly reported accounts payable department can result in omitted liabilities, understated expenses, and a shortfall in supplies to the customer. Errors in manual reporting may result in fraudulent activity […]

How Smart Is Your AP Data?

Many of us in the 1980s were mesmerized by the “Knight Rider” television series that featured the “KITT Car”, an interactive Pontiac Trans Am with a human-sounding voice and operations that far exceeded the capability of a normal automobile. The […]

Choosing the Right AP Automation Solution

It’s easy to forget that no digital or electronic application becomes a success on its own; not even AP automation. While all of the promised benefits are perfectly possible, without the right kind of solution and a good working knowledge […]