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.

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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?

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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.

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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?

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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.  

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Topics: office automation, accounts payable, invoice automation

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