outsourcing accounts payable

Outsourcing Accounts Payable during times of crisis

Considering the Accounts Payable process is an example of an obvious candidate for outsourcing, why don't we all do it? 

e-invoicing

Promotion of Electronic Invoicing (E-invoicing) by European governments

With regards to electronic invoicing (e-invoicing) , Spain has been a front runner in its promotion.

Accounts payable process

Optimize Accounts Payable regardless of the ERP life cycle

Digital Transformation should no longer be an option for 21st century companies, it should be a reality. However, the transformation is not only achieved with just the best technology, but it also requires a change that promotes a new way of doing things.

Those processes that are not aligned with the core business objective of the Company and tasks that do not add value should be delegated to specialized third parties.

digital-transformation-companies

Challenges and opportunities in the digital transformation of the financial department in companies

In our everyday lives we use services that we take for normal, but they are the result of the digital transformation of the companies that provide them.

SII what is next

I am already reporting VAT via SII ... now what?

Now that we have implemented the Immediate Information Supply (SII) process, we have seen that many shortcomings have arisen in the process of both AP and AR.

accounts receivable and accounts payable outsourcing

Improve operational efficiency through Accounts receivable and Accounts payable Outsourcing

Today, companies manage a complex global ecosystem of suppliers, partners, operators, customers, ... and at the same time process a large number of administrative and regulatory documents. This reality requires agility and efficiency in the management of documentation and invoices, in order to optimize operational efficiency and to avoid a high consumption of resources. However, it is surprising that today, despite the enormous advances in automation and technology, almost 75% of the documentation is processed manually. This situation is obviously very labor intensive and undoubtedly affects the results of the companies. Accounts receivable and Accounts payable outsourcing is the solution for this.

Accounts payable productivity

"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.

accounts payable outsourcing services

Accounts payable outsourcing services: How much should it cost me to process a Supplier Invoice?

Processing supplier invoices, from receipt to posting and availability for payment, is undoubtedly the process in which more costs are incurred in the financial area. In particular, due to the high exposure to manual labor of the associated activities. But can costs really reduce by Accounts Payable outsourcing services? A survey carried out by easyap of financial professionals in Spain found that the cost of processing a supplier invoice is, on average, € 5.7, although there are companies that reach € 15 and € 17 for a single paper invoice, fax or email.

Supplier Invoice Processing Cost Calculator

easyap presents its Supplier Invoice Processing Cost Calculator

The tool helps Financial Directors and Accounts Payable Professionals to obtain one of the most decisive KPIs for the successful management of operations in the Accounts Payable Department.​

Why paying as late as possible can be reckless.

Waiting to pay a bill as late as possible may be a very short-term strategy, but it can be significantly penalizing.

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