Today’s increasingly competitive global economy requires businesses to make decisions faster than ever. Businesses need instant insight into the status of their people and processes. But manual, paper-based processes undermine decision-making. Paper makes it difficult for businesses to make smart decisions about their operations and their working capital. Manual processes also are costly and inefficient, create headaches for front-line staff, introduce compliance and security risks, and stymie collaboration with trading partners.
During the past 10 years, organizations have adopted accounts payable (AP) automation technologies at an accelerating pace. Document imaging, data capture, and other solutions are radically transforming the way AP departments work with their traditionally most common medium, paper. At the same time, the promise of electronic transactions is quickly becoming more of a reality, with growth year after year in the number of transactions sent and received electronically.
Accounts payable has been talking about end-to-end integrated automation for at least 40 years. Today, the technology exists, but resources are limited and end-to-end AP automation is still not standard. Some AP departments have automated pieces of the AP process, but an end-to-end solution should include the ability to capture, integrate, measure, process, store, and access information.
This white paper explains the role local tax compliance plays
in successful supply chain management and e-business initiatives more broadly and how leading global brands and governments are addressing this need.
How many paper invoices do you receive every year? How many invoices come attached to emails as PDFs? What if every invoice you received came directly into your accounts payable application with all the information you need to process it. Sounds like a dream, but we can help you make it a reality. Watch this video to learn more!
With AP becoming a strategic hub, it's critical that companies focus on the payment portion of the AP processes to illuminate what is now a critical component of total enterprise success. The report focuses on the state of AP and how AP teams leverage ePayables solutions to improve business results.
As executive teams look toward an IPO, there are high expectations for accuracy in financial reporting. In order to meet these requirements, companies need to extend their ERP systems to ensure real-time visibility and control over all the company's spend. This paper looks at the issues and possible solutions.
Manual work in accounts payable is a large source of costs that can be cut relatively quickly through automation. With AP automation it's possible to reduce the cost of processing a single invoice by as much as $10. Learn how you unlock the strategic value of accounts payable with the Coupa AP Automation Success Kit. Discover how to transform your AP invoicing processes to realize significant savings that directly impact the bottom line while improving governance and compliance.
The average organization receives 1,200 invoices every month according to the Institute of Finance & Management. What’s more, between 70 percent and 80 percent of all invoices in the United States are still paper-based. That’s a lot of information to keep track of – and a lot of paper to shuffle around. It’s no surprise, then, that 80 percent of businesses would love to streamline their accounts payable processes. But what stops them from doing so isn’t an overly complex, impossible-to understand process – it’s confusion about the unknown, and fear that automating AP will be time-consuming, difficult, and expensive.
This report was developed to provide you with real, simple steps you can take to digitize and streamline your invoice processing. As you do so you’ll recognize significant benefits, including happier employees and a healthier bottom line.
With the introduction of cloud-based solutions, investing in tools to automate business processes like accounts payable is more affordable, and significantly less risky for SMB. Use this guide to help select the right AP solution to match your needs.
In this survey report analysts examine electronic invoicing, imaging and data extraction, and automated workflow solutions at US-based enterprises. The analysis is based on over 300 survey results and more than nine years of research findings.
In this report we will explore the components of AP automation and the challenges they help AP departments overcome. We will also discuss how connecting business travel, related expenses and
invoice management can transform an AP operation by providing total visibility into employee spend. AP leaders often believe they are leveraging the power of AP automation but are actually only using
some components of a truly automated solution. Let’s explore what true automation means to accounts payable.
Published By: Computhink
Published Date: Dec 10, 2007
Park West’s successful landscape business had a paper problem. The 11 separate companies (including their headquarters) created paperwork havoc for their Accounts Payable (AP) Department. They required an electronic document management alternative that could meet their criteria to standardize the process for all 11 companies. They needed this at a price that would enable them to realize return on investment in a reasonable length of time.
Manual processing of vendor invoices presents a roadblock to the success of your accounts payable (AP) department and overall business objectives. As you look to automation to get your company on the right track, consider this guidebook your map along the 7-step path to AP automation success.
In today’s increasingly high-tech and efficiency driven business landscape, internal processes such as accounts payable (AP) are being looked to as prime candidates for modernization.
Traditional, paper-based methods of vendor invoice processing are associated with higher costs, lower visibility and longer processing times — all barriers that ultimately impede business progress and the ability to gain a competitive advantage.
The purpose of this white paper is to explore the specific challenges faced by companies using manual processing methods while shedding light on the key features and proven benefits of automation.
Is it time to modernize your AP process? Read this white paper to get started!
Traditional accounts payable (AP) departments face the challenges associated with processing paper invoices on a daily basis— challenges that can take away your company’s competitive advantage.
Luckily, there’s a better way to handle AP processing: automation.
See how AP automation solutions can help you:
• Process vendor invoices up to 65% faster
• Reduce purchase-to-pay costs by 40-60%
• Achieve processing accuracy up to 99%
• Maintain 100% process visibility
• Automatically archive invoices electronically
Learn more about the benefits your company can achieve with AP automation– Read the eBook now!
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