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03.10.10 AP Automation and Productivity
A recent survey reveals AP staff productivity improvements when going from a low level to a high level of automation.
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03.03.10 ***Free Webinar on AP Automation***
Your next AP automation project in on the road to failure unless you have a solid plan of attack. Join us for a free 60-minute webinar, 25 Best Practices for Planning an AP Automation Project, Thursday, March 4 at 1:00PM ET. more...
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03.03.10 Where’s Your Pain?
To effectively automate the AP process, you need to identify your “pain points.” These are the areas where problems and inefficiencies plague your AP department.
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02.24.10 SaaS Pitfall
Software-as-a-Service, or SaaS, is a way to use software without owning it. You access the software over the Web on a pay-as-you-go basis, often based on volume of transactions. But just because the software is not owned by you does not mean you’re off the hook in terms of internal controls. more...
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02.17.10 AP Automation Needs Support
To ramp up your AP department to paperless invoicing, you need to think about more than just the technology aspect. Without support from management, your automation project will never take off. You also need support from IT, personal commitment from the AP department staff, and the cooperation of the rest of your organization’s employees.
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02.10.10 AP Automation Increasing
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02.03.10 Cloudy Forecast
Just as AP departments are struggling to find the budget to buy new technology tools to automate the invoice payment process comes the promise of “cloud computing.” This concept could really take hold in 2010 and trigger more AP departments to automate because cloud computing makes state-of-the-art technology more affordable than ever.
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02.02.10 Centralized Invoice Receipt
In general, a best practice is to have all incoming invoices go to AP first. That way, they can be properly tracked, especially for discount purposes. more...
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01.29.10 Test Your AP IQ: Invoice Scanning
To create an electronic archive of paid invoices, some AP departments scan the invoices after they have been processed. What is this called?
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01.27.10 Affordable AP Automation
Automating your invoice and workflow process slashes costs and boosts productivity, but not all companies have the budget to afford the technology. But now, technology is being delivered in a different way that could put it in the reach of cash-strapped firms. more...
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01.20.10 Prevalence of Invoice Imaging
The vast majority (85 percent) of AP departments we polled say they either use or plan to use imaging to automate invoice processing. About half (46 percent) of the over 450 AP departments we surveyed currently use invoice imaging, and an additional 39 percent say they plan to use it.
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01.13.10 Test Your E-Payment Armor
Do you have weak spots in your defenses against cyber payments fraud? Find out by registering for the free Cyber Attack against Payment Processes (CAPP) Exercise. It will be administered by the Financial Services-Information Sharing and Analysis Center (FS-ISAC) and will last for three days (February 9-11).
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01.06.10 Top 10 ECM Products
The ECM Connection website has announced its annual Top 10 ECM Products for 2009, based on reader interest. Some of the vendors that offer these products are well known for AP-related solutions, such as AnyDoc, Kofax, and OnBase.
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12.30.09 Too Many Paper T&E Checks
Despite the rise of electronic payments, organizations are still using the old fashioned paper check to reimburse travel and entertainment (T&E) expenses, according to a new report from PayStream Advisors. more...
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12.23.09 Paper Checks Still Rule
The paper check remains the dominant form of payment in AP, according to our report, AP Department Benchmarks and Analysis 2010, which will be released soon. more...
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12.16.09 Industry Use of E-Payments
Eight out of ten companies polled will be making electronic payments. Half of them say they use e-payments now, and another 28 percent say they plan to use e-payments in the near future.
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12.09.09 Extent of T&E Automation
Almost half of companies recently polled say they have some automation in place for managing the travel and entertainment (T&E) reimbursement process, according to a report from PayStream Advisors.
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12.02.09 AP Still Manual at Half of UK Firms
According to our research, about half of U.S. companies we’ve polled are still on a manual AP process—and it’s the same story overseas, according to a recent survey from Formscan. Roughly half of UK firms still use a manual accounts payable system, missing out on the huge savings automation can bring, according to the survey. more...
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11.25.09 Promote E-Invoicing
One of the hardest tasks when moving to electronic invoicing is converting vendors. That is, having them move from sending you paper invoices to sending you electronic invoices. True, you can start contacting all of your vendors, but this will take a lot of time and follow-up work.
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11.18.09 Examine Status Quo
AP360 asked Ted Klein, APM, IOMA’s director of education for the IOMA/TAPN AP Certification Program to share his thoughts on how AP should begin the task of automating their departments. more...
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11.11.09 Automation Tasks in AP
The majority of AP departments now handle certain AP automation tasks, such as invoice imaging/scanning, ACH payments, and wire transfers, according to IOMA's Accounts Payable Compensation Report 2010.
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11.04.09 E-Payment Enrollment Site
To convert your vendors from paper checks to electronic payments, an online enrollment site can be a big help. more...
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10.28.09 Look Past the Buck
Some AP managers view technology simply as a way to cut costs and increase productivity. But the wise AP manager will recognize that invoice automation offers the ability to manage their departments more effectively in all directions. more...
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10.21.09 Automation is Top AP Priority
Process automation is the most cited top priority for AP departments, reveals a new study from the Aberdeen Group. Two-thirds (68 percent) of over 150 AP departments surveyed said automating their processes was the number-one item on the front burner. more...
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10.14.09 Better Terms With E-Payments
Electronic payments allow for faster payments to vendors. Therefore, some quick-thinking AP managers are starting to negotiate better terms from vendors in exchange for e-payments.
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10.07.09 Imaging Expense Report Backup
The idea of collecting paper receipts for employee travel and entertainment (T&E) expenses is going by the wayside. Close to half (44 percent) of companies we polled now require employees to image or scan the receipts that serve as backup to their expense reports. The scanned receipts are then tied to the expense report, which is also in electronic form. more...
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09.30.09 Check Your Own Back Yard
But before you consider any new AP sutomation system, find out what tools or procedures your company may already have that could help you automate AP. For example, there may be a document imaging and scanning system used in HR or some other department. Maybe this system can be leveraged to use them in other departments, such as AP.
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09.23.09 Intangible Benefits of AP Tech
We’re now into budget season for many companies, so when putting together your business case to get some capital for AP technology, don’t forget to figure in the intangible benefits. more...
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09.16.09 Remittance Data on Wires
.S. corporations overwhelmingly confirmed the importance of receiving remittance information in wire transfers—and banks would benefit as well, according to a new survey by the Association for Financial Professionals (AFP). Ninety-five percent of the 331 respondents said remittance information would be valuable to their organizations if it were made available in the wire transfer message. Organizations of all revenue sizes and wire volumes shared this view, especially larger companies and those with larger wire volumes.
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09.15.09 FULL AP EXPO PROGRAM AVAILABLE
Schedules and descriptions of over 30 sessions and workshops—including many on AP automation--are now available for our upcoming 8th Annual AP Conference & Expo October 14-16 at the Loews Royal Pacific at Universal Orlando. more...
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