Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
Using Vendor Portals to Streamline Onboarding and Beyond For companies managing a large number of vendors, the onboarding process can be a time-consuming and error-prone task. From collecting paperwork to verifying information, a manual onboarding process can be a significant drain on resources. A vendor portal offers a streamlined solution to this challenge and delivers […]
Scaling Up Without Staff Overload Congratulations! Your business is booming. Sales are climbing, and you’re ready to take things to the next level. But before you hit the “hire” button on a bunch of new back-office staff, consider this: there are ways to achieve growth without adding to your payroll burden. In this post, we’ll […]
Happy Fourth of July! As we celebrate America’s spirit of independence, let’s explore how this theme translates to the business world. In today’s ever-evolving financial landscape, continuous improvement is the key to independence, and companies with the ability to adapt and improve continuously can make better informed and planned decisions in many cases. Why does […]
Accounts payable is changing. AI-powered systems are replacing tedious data entry and paper invoices, with streamlined processes, boosted accuracy, and self-learning. There are many methods by which these enhancements occur, but in the blog we will be focusing on self-learning through vector databases. What are Vector Databases? Unlike traditional databases that store information in text […]
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 […]
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 […]
Benefits of 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 contextualization is often overlooked. […]
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, which is where […]
When it comes to selecting the right tools and systems for back-office functions, businesses often find themselves at a crossroads trying to achieve the needs of both business and IT. Let’s explore this dynamic interplay and how to navigate it effectively.
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.
