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The operational benefit of AP automation is obvious; it enables organizations to streamline tedious legacy workflows, saving time and money while increasing accuracy and security. Just as vital, perhaps even more so, is the workplace experience benefit. By implementing automated AP, employees are offered the opportunity to engage in higher...

The Accounts Payable function of any organization is complex. Trading partners employ a wide variety of invoicing and preferred payment processes, requiring your AP department to address a considerable number of possible situations. The larger your organization, the more varied and complicated the AP processes inevitably become. If your organization...

Accounts Payable (AP) automation takes advantage of technology to streamline accounting functions, eliminating or minimizing manual tasks and enabling enhanced transparency and visibility into financial data. Overview Accounts Payable is the formal business term for the money owed by an organization to its suppliers, vendors, partners, and any other entity...

In markets with slim margins, such as the restaurant industry, automating routine and time-consumptive tasks can make all the difference between reporting a profit or a loss on a company’s bottom line. Some of the key activities that can be fully automated include data entry, vendor payments, statement reconciliation, and...