The Biggest Problem with End-to-end Receivables Management & How You Can Fix It

Posted by Kristen Bowers on Mar 21, 2019 10:16:00 AM

End-to-end receivables management requires your company to take into consideration the full range of steps from invoicing your client to collecting payments. Building an end-to-end system allows the organization to recognize the steps involved in the process and to place key stakeholders at each touch-point in the management structure. But companies still experience one common problem with end-to-end receivables management, and in this post, we’ll explore the problem in greater detail while providing you with a solution for your processes.

Read More

Topics: accounts receivable, invoice automation, document management

5 Things About Reducing Days Sales Outstanding You May Not Have Known

Posted by Kristen Bowers on Mar 15, 2019 9:37:00 AM

Days sales outstanding (DSO) is a calculation designed to estimate the average length of a company’s collection process. Reducing this timeframe and shortening the amount of time it takes your company to be paid can help benefit your organization in a number of ways. This blog will focus on DSO elements that you might not have considered and explain ways to reduce DSO for your organization.

Read More

Topics: document management software, accounts receivable, invoice automation, business process automation

Where Will AP Automation Be One Year From Now

Posted by Kristen Bowers on Feb 14, 2019 9:40:00 AM

AP automation software continues to make waves and for a good reason. AP automation is streamlining financial activities by taking valuable human staff off of routine processing and letting software handle the drudgery of processing data. But what is AP automation software going to be in the future?

Read More

Topics: accounts payable, invoice automation

4 Things About Accounts Payable Automation Solutions You May Not Have Known

Posted by Kristen Bowers on Feb 11, 2019 9:29:00 AM

An accounts payable department is essential for a business to run smoothly. But the AP process has never been fast, easy, or fun.

Read More

Topics: accounts payable, invoice automation

How to Achieve Buy-In for Invoice Processing Automation

Posted by Kristen Bowers on Sep 12, 2018 3:13:00 PM

Can you imagine what it would be like if all business correspondences—both internal and external—still took place via snail mail? Not only would your offices be overrun with even more paperwork, but communication and decision-making would also take at least three times as long. It seems silly to even consider that organizations would still be using such an antiquated communication method in a modern workplace when there are far better and more efficient options out there, right?

Read More

Topics: accounts payable, invoice automation

How to Conquer the Biggest Challenges to Invoice Automation

Posted by Kristen Bowers on Aug 28, 2018 1:54:00 PM

Invoice automation can be a complicated process given that you'll have to learn how to employ it as well as understand its terminology. Some companies fail to understand the different invoice automation solutions that exist or are satisfied with their current invoice processes as long as they function. Others also don't have the IT staff capable of conducting it. However, the benefits are extraordinary and worth looking into. Your organization can automate each step of the invoicing procedure include invoice scanning, data capture, processing, and payment, helping it grow without the need to add staff. Here's how your company can conquer invoice automation and make it a useful tool.  

Read More

Topics: office automation, accounts payable, invoice automation

You May Also Enjoy Reading:

Posts by Topic

see all

Follow Me