Many of your peers learned from the pandemic that a paperless A/P department can benefit every level of the organization, putting the focus on individual transactions instead of clusters of documents. But as consultant, author and former CFO Carl L. Young said in the Premier Learning Solutions workshop “A/P Internal Control Best Practices: Going Paperless,” […]
A significant majority of your peers (90%) agree that intelligent automation will help them overcome post-COVID business challenges, such as workforce shortages, supply chain disruptions, controlling costs, boosting revenue and maintaining a competitive advantage. That’s according to the 2022 Intelligent Automation Benchmark Study by software provider Kofax. But where you, your fellow C-suite leaders and […]
Will the A/P software suite you have in place be able to meet your company’s payment volume, compliance and security goals for this year and beyond? If you’re not sure, it may be time to huddle with IT and your CFO to assess whether what you have will be adequate or if it’s time to […]
When you’re taking the time to implement a costly new software solution in Finance, you want to make sure you get it right the first time around. If you don’t, it can negatively affect your return on investment (ROI) by limiting productivity and efficiency gains. In “The Three T’s of Implementing – Test, Test and […]
Being able to make and receive B2B cross-border payments is essential for growing e-commerce, capturing new markets and facilitating long-term growth for your business. But cross-border payments are complicated. One of the biggest headaches is the long transaction times due to: point-to-point wire transfers that may have to clear anywhere from three to 10 different […]
An ERP (enterprise resource planning) system can be the catalyst for optimizing operations for your organization. According to Panorama Consulting, 95% of businesses experienced an improvement in their processes after implementing an ERP system. In addition, research by The Aberdeen Group says small businesses experience a 36% reduction in the time it takes to make […]
With the push continuing for firms like yours to digitally transform and fully automate Finance processes, the term “AI” (artificial intelligence) gets mentioned a lot. But what is it exactly? In simplest terms, it’s the technology that allows computers to learn how to analyze data, identify patterns and predict outcomes. The goal is to make […]
For a while, vendor portals were great because A/R staffers didn’t have to spend so much time on the phone with your customers’ A/P departments to check the status of invoices or track a purchase order. However, over time your A/R staff may have accumulated so many login credentials for all the portals they use […]
It isn’t just your Finance department that’s feeling the urge to get more digital. There’s also a new wave of banking industry digital transformation that’s gaining momentum. Valuable new technologies and digital services may soon be adopted by more financial institutions because they’ll provide data insights that banks didn’t have before. It may be time […]
