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.
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.
Read Fulldetermining 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 FullWhat is Vendor Management? Vendor Management (sometimes called Supplier Management) is the process by which a buyer formalizes a relationship with their vendors and suppliers and manages that relationship through its lifecycle. How Does Vendor Management Work? The first step in a Vendor Management is typically procurement, where a buyer sources and negotiates a contract […]
Read FullWhat is Workflow? Workflow, sometimes referred to as Business Process Management (BPM), in the accounts payable world, is the required tasks needed to approve a payment to a vendor or creditor based on a predetermined set of rules. These rules can range from highly complex to fairly simplistic depending on the nature of the AP […]
Read FullWhat is Data Capture? Data capture is the process of “capturing” and converting information from documents (paper or electronic) into a form that can be handled electronically, and preferably with little or no human intervention. It is present in some form or another in every organization’s financial back-office. An Accounts Payable (AP) environment extracts information […]
Read FullWhat is Vendor Self-Service? Vendor Self-Service is a benefit of Vendor Portals and Supplier Portals. They allow a vendor to provide and access information without intervention from the buying company. This data may be necessary for vendor onboarding, compliance or payment or may be the results of payment status or payment dispute inquiries. By providing […]
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