Reasons to Automate
What AP automation will look like in 3 years

By guest contributor Dermot McCauley, VP BPM & Case Management, Kofax

A modern financial system is the foundation for automation. Complete accounts payable automation solutions are a relatively new product category for financial operations professionals. Advanced technologies such as mobile, social networking, and intelligent dashboards are very slowly being integrated into offerings and adopted by enterprises.

Taking the finance department out of the dark and into the digital ages

by guest contributor Colin Miller, Senior Marketing Manager, Western Europe at ABBYY

The DVLA recently announced it's slashing the cost of driving licence fees - passing on the savings made made from greater efficiencies and lowered running costs. Creating streamlined business processes should be a priority for all business leaders – regardless of the industry sector or size of their business. After all, what company director isn’t focused on the goals of reducing costs, creating efficiencies and increasing their competitiveness?

When is your network not really a network?

by guest contributor, Christian Lanng, CEO - Tradeshift

It’s easy to find comfort in numbers. Indeed, humans often rely on them to take a large and possibly overwhelming complex situation and distill it into what we think the key points are. However, it can also become an easy way to pull the wool over someone’s eyes or hide truths that matter much much more.

AP Automation - Building a Business Case

    Relevant stakeholders – Projects with broad-based support are more likely to be approved than those that lack it. No matter where the AP function sits organisationally (i.e. part of shared services or part of the finance department), the ultimate success of an ePayables project will depend on support from relevant stakeholders. This may include procurement, finance/treasury, IT, line of business and last but certainly not least suppliers.

    Five Reasons to Automate Your AP Processes

    Typically 80 per cent of the accounts payable (AP) function is associated with invoice processing. However, despite 99.9 per cent of all invoices being prepared electronically, the vast majority are processed by manually keying information from a paper invoice document into an automated system to then process and pay. Optimising and automating the entire process is a key challenge for finance departments but if done well it can improve overall speed, efficiency, control and visibility of operations.