Accounts Payable (AP) is the area responsible for the administrative and accounting processing of supplier/creditor invoices. This processing includes the following tasks: document management, verification, coding, and resolution of...
Who is easyAP? easyap is a service company, made up of accountants and IT specialists, focused on helping its clients throughout the entire invoice processing process. easyap develops tools, which it makes available to its clients, aimed at improving...
In purchasing processes involving orders, there is generally no invoice approval cycle, as there is usually prior validation/approval of the order and segregation of duties in the receiving process. In these invoice processes with...
The Accounts Payable department is responsible for processing invoices received from third parties. The ultimate goal is to record them in the accounts, but for a significant percentage of invoices, reaching that point requires many steps beforehand. Processing an...
Once the company has recognized the need to make the Accounts Payable department more efficient by using a tool that is suitable for the invoice workflow, it is important that the implementation process for this solution takes place within...
In the Accounts Payable department, it is well known that the purpose of a supplier invoice is to be recorded in the accounts, and all improvements we introduce into the supplier invoice process must be aimed at reducing the cycle of...
Often, companies are interested in automating accounts payable and even undertake the implementation process without having a clear and meaningful vision of what their AP process will look like from that point on and how it will affect their...
The accounts payable process is, in most companies, an eminently manual process that consumes a large number of resources, as it is estimated that an AP employee processes an average of only 10,000 invoices per year. Added to the problem of productivity and...
Last week, the Council of Ministers approved the reform of the Capital Companies Act, which stipulates that companies that do not comply with the maximum legal payment period of 60 days must explain the reasons why and what measures they will take...
