Payment Processing is Changing the Pace of AP Automation
AP automation address top invoice challenges, such as manual data entry and approval routing. Due to an increase in demand for AP automation solutions that do more for less, it has expanded to address other AP process challenges – such as payment processing. AP automation with payment processing allows businesses to complete the AP …
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4 Ways AP Automation Can Help Your Business Succeed Post-Pandemic
As organizations continue to adapt to the new normal and remote work environments, 80% of them are looking to automate and move their core applications and business processes to the cloud. Going digital can provide better access to processes and information while many AP and finance teams continue to work from home. This has …
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How to Raise Your Organization’s AI IQ – Starting with Your Invoices
Financial intelligence cannot be locked in file cabinets and storage boxes anymore. It starts with the data that lives in your company’s accounts payable invoices. Data can be managed digitally from the moment those invoices are received. Artificial intelligence used to extract and learn from invoice data is now the baseline for financial metrics …
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enChoice and Sypht Announce Merger to Expand AI Software Footprint
enChoice, a global enterprise content management and digital transformation solutions company, welcomes Sypht, an AI-driven online OCR platform provider to the family. Sypht joins KwikTag in the software division of enChoice. Together, the companies will empower organizations to unlock the value of their critical financial data and information hidden in unstructured documents. The …
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Automation Leads to Greater AP Efficiency – and Other Advantages
Manual, paper-based AP processes have been a consistent bottleneck for organizations that have not yet transitioned to digital invoice workflows. In fact, many members of AP and finance teams spend more than 50% of their day looking for paper invoices. Companies that have at least begun their digital transformation have reduced the paper chase by …
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AP Automation Benefits Every Company Size
Many companies believe that they are “too small” for automation because they don’t have enough team members or process enough invoices. Subsequently, they also believe that manual, paper-based processes are the best way to manage their business because it’s the same thing they’ve always done. This is not necessarily true, even if it has been …
7 Steps to Proving the ROI of AP Automation
Many AP employees start their day with an inbox full of invoice-related requests. These requests can include invoices that need to be coded or questions regarding approval or payment status. Manual, paper-based processes are inefficient and hinder process visibility and team collaboration. Often, AP departments spend more time on data entry and paper shuffling than …
Is it Time Automate AP and Payment Processes?
Manual processes involve a lot of paper and, typically, a lack of visibility into invoice and payment status. Manual invoice and payment processes are costly and time-consuming. These processes introduce inefficiencies such as lengthy invoice approval times, bottlenecks, data entry errors and poor data management. These can lead to payment errors and lost invoices or …
enChoice Announces Payment Processing Partnership with Corporate Spending Innovations
KwikTag AP Automation Now Includes Payment Processing KwikTag, a division of enChoice, has partnered with Corporate Spending Innovations (CSI), a division of Edenred and leading B2B payment solutions provider, to integrate payment automation from CSI with the KwikTag accounts payable automation solution for Microsoft Dynamics GP. This service extends the functionality and value of …
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AP & AR Automation: Two Sides of the Same Coin
KwikTag has teamed up with Nodus Technologies to address common manual processing challenges across accounts payable and accounts receivable. While they are different finance processes, both can gain efficiency and productivity with automation solutions. The accounts payable and accounts receivable departments are often seen as vastly different facets of a company’s accounting process. However, when it comes lack of visibility, manual process errors and other bottlenecks, AP and AR often …
