Four Tips To Streamline Your Accounts Payable Process

The accounts payable department in your organization is vital to your financial and operational success. Yet it can be prone to error and disorganization due to the number of tedious manual processes.

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Your Corporate Documents Are Invaluable Assets; Keep Them Secure!

When it comes to outsourcing document management, security is paramount! Here are 9 things to look for in a document management service provider: They’ve been in the industry for the long-term. When a service provider has been able to stand the test of time, it’s usually because they have invested in all the right tools, people and policies to provide the confidence necessary for their clients to gain their trust – resulting in a strong - and long - customer relationship.

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How to Track the Success of Accounts Payable Automation

The purpose of an accounts payable automation workflow solution is to reduce human error in processing invoices, prevent invoices from being misfiled or lost, and to capitalize on early payment discounts. An employee using an accounts payable automation workflow system would have a definite understanding of the value automation brings to an organization, but without proper metrics, how can you be sure your department’s performance has improved?

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Economic Impacts of Implementing AP Automation

If you’ve read the numerous benefits of implementing ACI’s AP Assistant™ Accounts Payable Workflow Automation, then you know that our automated workflow has the power to improve your AP department. Automation will greatly reduce human error (in fact, by up to 80%), while ensuring there is never a late payment. By upgrading from a paper-based system to an automated electronic invoicing system, you will not only minimize errors, but your organization will save a lot of money in the long run as well.

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5 Signs Your Business Needs Accounts Payable Automation

The accounts payable department in any organization – big or small – may be faced with challenges that can have a negative impact on its processes. An employee may not have the courage to suggest implementing an accounts payable automation workflow, which is why it’s important that leaders among an organization identify the signs that it’s time to implement: Missing Payment Deadlines Does the accounts payable department often miss paying invoices on time?

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