Within the accounts payable process, recording supplier invoices is a very resource-intensive task. In the purchase order invoicing process, it accounts for more than 65% of the department's resources. Automating the process involves establishing procedures...
Historically, in the process of accounting for supplier invoices, the only time variable considered has been the payment date. Provided that the tasks of accounting for and recording invoices are completed before the due date, normally 30 or 60 days...
When it comes to understanding and assessing productivity in the accounts payable area, several metrics are often used, but perhaps the most common and widespread is the number of invoices recorded per employee in a given period of time, usually a year. Productivity in...
Javier, as his company's accountant, is responsible for managing incoming invoices. This task has always required a lot of time, staff, and financial resources. Javier spends too much time on the phone dealing with suppliers who ask why their invoices haven't been paid.
Faced with the wide variety of obstacles and barriers that one may encounter when attempting to introduce change in any department related to accounting and AP processes in a company, the most dangerous and widespread is usually the fact that...
