Accounts Payable (AP) exists largely in a paper-based world, though the tides are slowly changing. Enterprises are seeking ways to drive down volumes of incoming paper invoices and to migrate from traditional check payments to faster electronic alternatives.
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Most organisations have developed key performance indicators and metrics to help monitor and manage various aspects of their business. But too often, companies fail to track the most useful metrics on the health and operational efficiency of their business.
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Automating accounts payable transactions has delivered many cost and productivity benefits over the years by eliminating the clerical tasks associated with filing and processing invoices. Now the latest phase in the technology's evolution means new benefits for ClOs, CF0s and other senior managers thanks to integration with ERP applications and tools that provide an in-depth view of the accounts...
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Accounts Payables organisations are charged with reducing costs, improving performance, achieving regulatory compliance, increasing visibility and enabling the corporation’s strategic initiatives — all at the same time. The fundamental issue is not whether a company should strive for these goals but how well they can be accomplished.
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Paper invoices and manual processing continue to hamper accounts payable operations, keeping suppliers in the dark and failing to give finance the visibility it needs to actively manage the organisations’ cash positions. This study, conducted during March and April of 2011, profiles 130 enterprises at varying stages of AP maturity to identify what differentiates those achieving the greatest...
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The closer to the point of origin that content is captured, the faster it reaches the start of the downstream process. Distributed capture platforms have already extended the data entry point to include branch offices and subsidiaries, speeding up customer response and reducing the amount of physical handling required. The next step is to provide capture on mobile devices - in the field, on the...
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