Posts Tagged ‘Payment Efficiency’

Amping up the Use of AP Automation

The need to fully utilize technological advances is the latest elephant in the room for the business sector. No longer are businesses lagging because they haven’t acquired the latest technology. Now they are simply slow in using what is already […]

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 […]

How E-invoicing Enhances Collaboration

Collaboration between two business partners always begins with the understanding that the combined efforts of two partners together are more potent than those of any single entity standing alone. Collaborative arrangements are possible both inside and outside of an organization, […]

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 […]

Managing the Risk of Foreign Suppliers

Risk management is a daily struggle for businesses that directly affects accounts payable. For a variety of reasons, many corporations today are choosing to import from foreign suppliers. The advantages of using foreign suppliers are many, but the level of […]

Eliminating the Paper Trail with Greater Efficiency

It’s hard to believe that a large percent of B2B transactions in the US and the UK are still being done with paper checks and invoices. What’s even harder to imagine is that according to the leading management consulting firm […]