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 …
Posts Tagged ‘payment automation’
Introducing Automation to the Accounts Payable Department
Finance organizations are automating payroll, taxes and T&E, but why are so few automating accounts payable? AP continues to be the most manual, costly functions within finance and companies who have implemented AP automation are seeing the impact. Join this webinar on March 30th at 12pm ET to learn how to introduce automation to your AP process. …
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CPE Credit: Defining the ROI & Communicating The Business Case for Accounts Payable Automation
Accounts payable has been undergoing a paradigm shift from a back-office afterthought to a core, strategic business function. Join us on March 23 at 1pm ET to learn how to illustrate the ROI in automating your accounts payable (AP) process. We will cover 10 steps to developing and communicating a winning business case for accounts …
Does It Make Sense To Automate Accounts Payable?
By now you've heard of automating your accounts payable workflow. But is it time for your organization to explore how automation can improve your processes? Take a look at these 5 scenarios and if you are nodding your head as you go through, it’s time to start researching your options. You process 100+ invoice/payments per …
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Upcoming Webinar: How AP Automation for Dynamics ERP Benefits All Roles – From Clerk to C-Level
The impact of AP automation can be felt throughout the entire AP department - from AP Clerks to the CFO. Whether you are the AP Clerk responsible for routing, coding, and entering the invoice data into your Dynamics system, or the CFO responsible for providing accurate cash flow to the CEO, AP automation will positively …
Earn Cash Rebates For Paying Your Vendors
B2B payments are rapidly transitioning away from paper checks to electronic payment methods. Adding virtual card payments to your Accounts Payable process helps the finance team to transform from a cost-center to a revenue-generator. Beyond impacting your organization’s bottom line, virtual cards enable your vendors to be paid quickly and are one of the most secure electronic …
Paystream Advisors' Report Reveals Flat Growth in Automation Adoption Despite Increased Interest
Paystream Advisors’ Annual Invoice Workflow Automation Report revealed some interesting results this year when it came to how companies are processing their invoices. Notable data includes: A dramatic increase in plans to implement automation, but flat overall growth amongst companies using it Top challenges with invoice management are focused on manual processes Paperless workflows remain …
Upcoming Webinar: AP Automation 101: What Dynamics GP Users Need To Know
In today’s digital era, getting the information you need instantly can be the difference between recording a profit or a loss. Gathering data from different departments is often a very slow process and the dizzying pace of your growing company doesn’t make things any easier. But how can AP automation help gather data in real-time …
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MS Dynamics GP User Finds The Right AP Solution With MineralTree
Hollywood Wax Museum Group runs the world-renowned Hollywood Wax Museum as well as several other real estate locations across the United States. Being a multi-entity business, Hollywood Wax had a very manual and time-consuming Accounts Payable process. Each month, the team was processing over 1,000 payments to vendors for eleven separate locations. Hollywood Wax saw the …
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Benefits Of Moving AP Spend To Corporate Cards
Every company is looking for ways to improve their bottom line, either by increasing revenue or decreasing costs. Of course, they don’t want to loosen controls or reduce efficiency in the process. Savvy professionals have long realized corporate cards are an essential component in the arsenal of tools companies use for a truly effective payment process. Earlier this …
