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.

What 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. The tax report, as it was presented on a monthly basis, in many cases by hand, allowed via the consolidation of operations to report without apparent incidents.​

With the SII's requirement to report operations singly and online, many of our clients have verified that the orginal information is not always correct.​

AP AR Outsourcing

Improve operational efficiency through AP and AR 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.

"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.

Sistema Inmediato de Información del IVA - SII

The SII-Immediate Provision of Information is also an opportunity to improve - "And now what ..."

As we mentioned in our previous article on the Immediate Provision of VAT Information (SII), from last December 2, 2016, the SII has an already established date of entry into force: July 1, 2017.​

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.

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.  

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