How AP automation can benefit your organization Accounts payable automation still provides tremendous value to many organizations decades after tools such as OCR and electronic workflow were developed. With the advent of vendor portals, dynamic discounting, electronic...
What Is It? PO dispatch and update refers to the processes involved in managing purchase orders (POs) from when they are created to completion, ensuring on-time delivery. This typically includes the following steps: PO Dispatch: Sending the PO: Once a PO is created...
The COVID-19 pandemic brought about many changes in our daily lives, many of which were temporary. But other aspects of our daily and professional lives will be changed for the long term. One such example is the rise of the remote workforce. Aiding in the adoption of...
As the economy starts to reopen and business is starting to boom, labor is still hard to find despite high percentages of unemployment. This trend favors companies that value efficiency and are willing to invest in back-office applications that promote high levels of...
Finance and treasury departments are arming themselves with tools and processes to help monitor, conserve, and maximize cash returns in uncertain times. Accounts payable can also play a prominent role in the cash optimization process. After all, accounts...
