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Accounts Payable

Explore Accounts Payable resources to optimize your AP process across invoice processing, approvals, vendor payments, and more.

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Blog — Accounts Payable

Notes Payable vs. Accounts Payable: The Difference Cuts Cost
Accounts payable (AP) and notes payable (NP) are often used interchangeably, but in reality, they operate differently and serve distinct purposes within your financial strategy.  To properly manage either payable category, granular spend visibility is essential. Without it, the benefit of strategic financing can be diminished or even become a vector for financial risk. We […]
7 min read
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Blog — Accounts Payable

3-Way Matching: What It Is, Its Benefits, & the Bottom Line
What if you discovered that as much as 2% of your business’s payments are duplicates, charged for the wrong amount, or contain some other error? According to industry survey data, that’s the case for many businesses.  Businesses must ensure their accounts payable (AP) departments verify the legitimacy and accuracy of every invoice they pay. That’s […]
7 min read
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Blog — Accounts Payable

What is the Accounts Payable Process? And How to Manage it.
Making money is the primary goal of any company—but earning is only half the battle. The other half is reducing expenditures that eat revenue. While overhead spending of up to 35% of annual revenue may be considered normal, this percentage is only relevant in relation to net profit. If you’re only looking at 5% profit […]
7 min read
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Blog — Accounts Payable

Using Accounts Payable Days to Stabilize Cash Flow
The ability to manage cash can be the difference between life and death for a company.
8 min read
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Blog — Accounts Payable

How to Conduct an Account Payable Ledger Spend Analysis
Having the right financial professionals on your team is critical to securing your company’s bottom line. After all, these are the people responsible for managing your accounts payable ledger and future planning, as well as optimizing your budgets by aligning spending, curbing fraud, and eliminating maverick spending that harms your profitability.  Spend analysis is a […]
10 min read
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Blog — Accounts Payable

Using Accounts Payable T-Accounts for Spend Accountability
When it comes to your company’s financial health, revisiting the basics can bring new perspectives to current problems. Consider a sports analogy:What do the world’s most famous coaches make their players do in the off season? Practice the fundamentals. Coaches have their teams practice rookie-level drills because it trains their minds and bodies to react […]
7 min read