How can Corporate Document Workflow help me?

In the business world's unstoppable current of digital transformation, the latest trend among organizations is to seek the maximum efficiency and productivity possible in all types of activities, and workflows are a fundamental tool in achieving this.

Traditionally, digitization was understood as the transformation of paper documents into images by scanning, but in the current concept it is now taken to mean that from the start: there is no paper, there is no scanning, it is a flow of electronic documents without paper.

"Whoa, we are not so bad" in AP productivity

"Whoa, we are not so bad",  exclaimed a famous football club president facing his critics.  This, we are not so bad, is our conclusion after observing some of the results of a study carried out by mineraltree, a reputable American software company that offers solutions for AP automation.

Getting the most out of the Accounts Payable Department

Getting the most out of the Accounts Payable Department (part III)

This article is the third in a series of three, under the title "Getting the most out of the Accounts Payable Department", deals with the basic concepts that influence the productivity of Accounts Payable departments:

Getting the most out of the Accounts Payable Department (part II)

This article is the second in a series of three, titled "Getting the most out of the Accounts Payable Department", dealing with basic concepts that affect the productivity of Accounts Payable departments. In the first article in the series we talked about the cost of the process of Accounts Payable, in this second we deal with the improvements derived from automation and error rates, and the third will discuss fraud and duplicate payments, financial Controls and provider satisfaction. 

Getting the most out of the Accounts Payable Department (part I)

Effective management of working capital, defined as current assets minus current liabilities, is one of the oldest practices of financial management. Following this practise the maxim was developed that short-term needs should be financed with short-term cash; and long-term needs should be financed with long-term sources. The underlying goal for the business is therefore essentially to reduce operational risks and costs of financing.

Accounts Payable Indicators

3 essential indicators in Accounts Payable Management

A recent "Metric of the Month" from CFO.com shows us the damage that late payments can cause in the relationship between buyer and seller.  

Reasons for outsourcing accounts payable

10 reasons to consider outsourcing AP tasks (Part II)

Our last post consisted of the first part of the reasons for, or that should at least be considered, in the outsourcing of AP tasks.  In that post we spoke about the justifications, such as cost optimization, process automation, application of workflow technologies and solutions, cost flexibility or the standardisation of costs.  

foco en lo importante

10 reasons to consider outsourcing AP tasks (Part I)

95% of companies listed on the NASDAQ have outsourced part or all processes associated with Accounts Payable (AP), while in Spain, currently only 17% of companies in the IBEX have adopt this strategy of outsourcing. Many AP departments use outsourcing as a way to improve the operation of its processes, but outsourcing does not have to be complete, hence, depending on what is not outsourced, and to what extent, benefits arising are different.

 

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Optimizing the management of employee expenses

3 tips to optimize Employee Expenses

With the winds of economic recovery that are blowing in the sails of companies, business trips and other business initiatives directed towards looking after and growing the client list are restarting, establishing new collaborations with foreign partners or simply activating business units that had lost operability during the crisis.

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