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Streamline Your Accounts Payable Processes

AP Automation Best Practices Is your accounts payable (AP) department drowning in paperwork and manual tasks? You’re not alone. Traditional AP processes are often slow, error-prone, and a drain on valuable resources. But there’s a solution: automation. Although automation is nothing new to AP, new techniques and technologies continue to improve automation results. By leveraging […]

Read Full June 3, 2024

4 Common Accounts Payable Myths

Debunking AP Myths to Improve Your AP Systems Despite advancements in technology and changes in best practice, there are several misconceptions in the world of accounts payable that persist. These common accounts payable myths can hinder efficiency, lead to errors, and even impact the bottom line of businesses. Let’s debunk four prevalent myths in the […]

Read Full May 10, 2024

Exploring the Benefits of Contextualizing OCR Data

Why AI is the Key to Contextualizing OCR Data Optical Character Recognition (OCR) is a technology that stands for efficiency and productivity. By converting scanned images and printed text into editable digital files, OCR has revolutionized the way we handle data-intensive tasks. Yet, amidst the buzz surrounding OCR’s capabilities, the power to utilize OCR for […]

Read Full May 3, 2024

Contextualizing OCR-Captured Back-Office Data with AI

Unlock invoice insights by using AI to contextualize back-office data In today’s data-driven business landscape, the sheer volume of information generated by back-office operations can be overwhelming. From financial transactions to procurement processes, organizations are inundated with data. However, without proper context, this data fails to provide meaningful insights and actionable outcomes. This is particularly […]

Read Full April 24, 2024

Return-On-Investment: AP Solution

determining the return on investment (ROI) of a new AP solution can be complex. In this blog, we’ll explore the steps to effectively calculate the ROI when evaluating a new AP solution.

Read Full April 9, 2024

PO vs. Non-PO Procurement: Pros and Cons

Procurement processes are the backbone of any organization’s operations, ensuring that goods and services are acquired efficiently and effectively. Two common methods of procurement are Purchase Order (PO) and Non-Purchase Order (Non-PO) systems. Each method has its own set of advantages and disadvantages, which can significantly impact a company’s bottom line and overall efficiency. In this blog, we’ll delve into the pros and cons of both PO and Non-PO procurement to help businesses make informed decisions about which approach best suits their needs.

Read Full April 3, 2024

AI’s Role in Automating PO Delivery & Updates

Simplifying the procurement process In the fast-paced environment of procurement and sourcing, efficiency is paramount. Every process must be optimized to ensure smooth operations and timely deliveries. Among the many processes involved, purchase order (PO) delivery and updates play a critical role. Traditionally, these tasks have been labor-intensive, prone to errors, and often delayed. However, […]

Read Full March 26, 2024

Workflow Options in Back-Office Automation

All workflow solutions are not created equal. Rules-based workflows and ad hoc workflows represent two different approaches to managing processes within an organization. Understanding the goals of the business process(es) that will be utilizing a workflow solution is key to making a good decision. In this blog we will address some of the high-level features […]

Read Full March 11, 2024

Change Management in Automation

A major factor in successful back-office automation initiatives Change management is crucial in the context of back-office automation for several reasons: Overall, effective change management is essential for the successful implementation of back-office automation. Without proper planning and communication for the changes automation will bring (real & perceived), automation projects may stall or even ultimately […]

Read Full March 1, 2024