Tag Archives: Payment Management

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

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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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Saving Money with Automated Systems

Has your company taken a closer look at how much time, money, and effort goes into managing your corporate documents? If you include both the total labor and physical costs, studies have shown that a common four drawer filing cabinet cost $25,000 over its lifetime and $2,100 per year to maintain it. If you count up the number of those filing cabinets in your office and then add in the storage units you use to hold previous years’ records, you are racking up a large sum of unnecessary costs by using manual corporate documentation. Continue reading

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Dealing with Common Vendor Payment Complaints

Businesses of all sizes enjoy maintaining positive relationships with their vendors – the people and businesses that supply them with the products, inventory, and services they need to run their business and perform their jobs effectively. Nearly all businesses have vendors, and a positive relationship with your vendors makes doing business easier and more enjoyable. So it pays to keep your vendors happy. Continue reading

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