accounts payable

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Blog — Accounts Payable

B2C AP Accounting: Exposing Problems & Delivering Solutions
B2C business success brings its own headaches. Here is the simple reason why — B2C businesses succeed by selling current and new products and services to existing customers, and then,  they sell to those customers more often. B2C businesses will also acquire new customers, and then repeat the whole process over again.Having more customer orders […]
8 min read
Accounts Payable Audit Program Leads to a Paperless Process
Blog — Accounts Payable

Accounts Payable Audit Program Leads to a Paperless Process
Whether small businesses or global giants, all companies must follow the same basic accounting principles — the Generally Accepted Accounting Principles (GAAP) standard in the US or International Financial Reporting Standards (IFRS) abroad. Accounting according to these principles helps companies dutifully manage  their cash flow to maintain stability and give employees confidence in the future […]
8 min read
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Blog — Accounts Payable

Your AP Automation Workflow Is Broken & How to Fix It
Picture your accounting department at the end of every month — is it calm or chaotic? If your staff is scrambling and cash reconciliation is always a nail-biter, your AP workflow may be broken. Accounts payable automation is the best way to avoid month-end madness and bring visibility and efficiency to accounting processes. Automated AP […]
8 min read
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Blog — Accounts Payable

What Is Trade Accounts Payable, and Why Is It Critical for Managing Vendor Relations?
Ask any modern business decision-makers about the essence of trade accounts payable, and you'll soon realize that it's one of the greatest tasks they face. After all, businesses must pay their debts, and they cannot afford to get this wrong. Managing invoices accurately and promptly is almost an art, and it’s the key to maintaining […]
6 min read
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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 […]
5 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 […]
6 min read