Why Your AP Process is More Than Just Paying Bills Accounts Payable is one of the most critical functions in any business. For too long, the AP department has been viewed simply as the team responsible for processing invoices and cutting checks; however, an optimized...
Not all automation is created equal. The two primary approaches, fixed and dynamic workflows, serve different purposes and play distinct roles in a company’s operations. Understanding the difference between them is key to choosing the right tool for the job....
The financial back office encompasses numerous crucial, historically time-consuming tasks that are prone to human error; however, with the aid of AI, these tasks may no longer be considered bottlenecks. AI is fundamentally transforming financial back-office functions,...
For large organizations with numerous vendors, the financial back office can feel complex and chaotic. Manual processes, disparate systems, and a lack of visibility can lead to inefficiencies, errors, and even fraud. But what if there was a way to streamline...
One area where even the most professional back-office teams experience mistakes is duplicate payments. These errors, where the same invoice is paid more than once, can lead to negative consequences, from strained vendor relationships and wasted resources to skewed...
