Financial teams are in the process of transitioning to digital business, as accounting operations have become obsolete.
Digital Business: Digitization of companies in the financial area
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Invoice management
Outsourcing Accounts Payable in Difficult Times
Given that the accounts payable process in companies is an obvious candidate for outsourcing, why don't we all do it? Although it is a necessary process in organizations, it is not visible from the outside and is not directly...
"Hey, we're not doing so badly" in Accounts Payable productivity
"Hey, we're not doing so badly," was the exclamation of a famous soccer president to some of his detractors. That's right, we're not so bad, is our conclusion after looking at the results of the study conducted by mineraltree, a renowned American company specializing in...
easyap presents its Supplier Invoice Processing Cost Calculator
The tool helps CFOs and Accounts Payable Professionals obtain one of the most decisive KPIs for the success of operations management in the Accounts Payable Department. easyap, a firm specializing in FPO services...
Why can paying as late as possible be reckless?
Waiting to pay a bill as late as possible may be a very short-term strategy, but it can be significantly penalizing. A common theme in cash flow theory is to pay supplier invoices as late as possible while collecting from...
Process automation: Getting the most out of the Accounts Payable Department (part II)
This article is the second in a series of three, entitled "Getting the Most Out of Your Accounts Payable Department," in which we discuss basic concepts that influence the productivity of Accounts Payable departments. In the first article in the series...
Getting the most out of the Accounts Payable Department (part I)
Effective working capital management, defined as current assets minus current liabilities, is one of the oldest practices in financial management. This practice gives rise to the maxim that short-term needs must be...
ERP implementation challenges with AP process
On average, companies change their ERP every 8 years. One of the most time-consuming tasks in analyzing adaptation to the new system is the purchasing and supplier invoicing or accounts payable (AP) process. The simple process of registering invoices involves...
The key report for discovering the situation of the Accounts Payable
Processing supplier invoices is a difficult and thankless task. The Accounts Payable department is responsible for recording expenses and payments in the accounts, with all the incident resolution management that this entails, as well as issuing reports...
