Life beyond checks: the role of supplier information management in an AP payments program
Shifting from traditional checks to digital payments like ACH and virtual cards offers businesses more efficiency, security, and cost savings. Checks, though simple, come with high costs and increased fraud risks. However, moving away from them requires proper supplier information management (SIM) to ensure accurate and secure payment processing.
Best practices for analyzing your AP aging report
The AP aging report is more than just a list of unpaid bills. It’s a powerful tool that helps you manage your outstanding debts, track overdue payments, and maintain healthy relationships with your vendors.
The future of accounts payable: emerging trends in automation and management
In a rapidly evolving financial landscape, accounts payable processes are undergoing a significant transformation driven by technological advancements. The future of AP is both revolutionary and evolutionary
E-Invoicing 101: Essential insights for accounts receivable teams
E-invoicing leads to increased accuracy and reduced human error, making it a game-changer for companies of all sizes. The key to success lies in understanding the technology, navigating compliance issues, and choosing the right systems.
Procurement metrics that matter: AI discussion
The Ardent Partners Procurement Metrics That Matter report is an annual must-read for those of us in the industry seeking to understand the mindset of today’s procurement leaders. It provides valuable insight into trends and forecasts for procurement organizations, how they are behaving today, and what that might look like tomorrow.
Essential accounts payable skills
Understanding essential accounts payable skills can significantly enhance both individual performance and organizational efficiency benefitting both the AP department and the individual.
5 common accounts payable mistakes and how to avoid them
Accounts payable (AP) might not always grab the headlines, but it’s the unsung hero keeping suppliers happy, cash flow steady, and your financial ship from running aground - until there's a mistake.
7 warning signs of accounts payable fraud and how to address them
AP fraud can have severe ramifications for businesses, leading to undesired financial losses and damaging the integrity of financial records. Identifying these types of fraud can help organizations act swiftly to control and reduce the risk of fraud. Here are the seven most common warning signs.
Navigating procurement challenges in 2024
Staying resilient means staying on top of procurement challenges, from supply chain to risk. Learn what challenges CPOs are facing right now.