Document and Payment Automation Blog
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Implementing Document Management- Start Focused and Extend
The urge is always there, to start your document management initiative big, and in broad strokes make sweeping changes. Then you remember other projects and initiatives and how well the “broad stroke approach” worked with projects of that scope. … Continue reading
The Pareto Principle and Strategies for Managing Documents
No matter how large or small the business, the vast number of documents that employees have to deal with is overwhelming. Addressing each of the documents individually slows down the workflow, causes delays, and forces workers to focus on tasks … Continue reading
CFO Sleepwalking? It’s alright, they’re just overloaded like you are.
Advancements in technology have enabled CFOs to closely monitor the pulse of the business, and given them the means to investigate and report on the state of the business like never before. These same advancements threaten to freeze CFOs in … Continue reading
ERP Without Document Management is Like Coffee Without a Cup: It Just Makes a Mess and You Get Burned
Are ERP automation gaps and manual processes costing otherwise efficient companies time, excess overhead, even putting them at risk with respect to compliance and legal concerns? A primary concern is that ERPs can cover a great deal of your business … Continue reading
When Does 2% Really Mean 36%?
Most businesses and organizations are familiar with the payment term “2/10 net 30” that they see printed on many of their vendors’ invoices, offering them the chance to save 2% of the total amount due by paying the invoice within … Continue reading
E-Payments to Increase in Popularity in 2011
Transferring money electronically caught on with direct deposit for payroll and has become the dominant form of payment in that area. Businesses have been much slower to implement e-payment to in the accounts payable and accounts receivable process for a … Continue reading
ACH for Accounts Payable
The accounts payable industry has made major advancements in recent years bringing the benefits of automation to many businesses that had been left behind because of the cost and difficulty implementing the new technology. Paper invoices, paper checks, and paper … Continue reading
Positive Pay and Other Defenses Against Check Fraud
With all of the advanced technology and extra security measures we have today, businesses assume they are safe from something as simple as check fraud. Unfortunately, the number of cases involving corporate check fraud has increased over the years and … Continue reading
Uses and Benefits of Digital Payment Solutions
Digital payment solutions such as ACH payment have been an integral part of the automation of the accounts payable industry by helping companies save time, money, energy, and space, among other things. If a business is stuck in the world of processing invoices and payments manually, they are falling behind their competition and wasting away valuable resources on a simple task that can easily be automated. Continue reading
Proven Practices for Invoice Handling
The perfect three-way match involves the proper examination of the invoice, the purchase order, and the receiving document. Getting that perfect trifecta is important for making accurate transactions and maintaining efficiency. Continue reading
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