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Paperless Accounts Receivable

How a Paperless Accounts Receivable Process Reduces Risks for Customers & Elevates Your Business

Businesses already realize the importance of automating their processes. Not only does it save grueling steps for your employees, which can improve job satisfaction, but it also boosts productivity, helping your business become more efficient. Accounts receivable (AR) is no different. In fact, with cash flow serving as the backbone of your operations, your AR…

Posted on August 17, 2017 by Liang McIntosh-Yee

Going Paperless

How Efficient Is Your AP Department? A Guide to Improving Your Productivity

A business is only as good as its cash flow. Generating income is part of the equation, but it’s also important to restrict expenses and track everything. For decades, organizations have trekked along, following the same procedures they’ve used all along. Unfortunately, without occasionally reviewing the performance of your AP functions, you may be missing…

Posted on August 17, 2017 by Liang McIntosh-Yee

accounts-payable-automation-hospitality-industry

Accounts Payable Automation + The Hospitality Industry = Fewer Costly Errors

The hospitality industry is thriving, with employment growing even when other industries are slowing down. Running a hotel or restaurant is a highly rewarding, but often exhausting, career. Hospitality owners and managers need to balance daily administration with providing top-quality customer service in an industry where consumers have come to expect the very best. As…

Posted on July 26, 2017 by Liang McIntosh-Yee

Accounts Receivable Automation

Accounts Receivable Automation in 2017

Though the idea of accounts receivable automation is nothing new, its increase in popularity in recent years and in particular in 2016, is due in no small part to the technological growth and proliferation of automation solutions and financial tech providers available today. These things have not only helped to drive greater efficiencies and cost…

Posted on February 8, 2017 by Liang McIntosh-Yee

Robotic Process Automation Myths

Busting the Myth: Robotic Process Automation (RPA)

For decades, technology has made operating a business easier, automating processes that once would have painstakingly been completed by hand. Everything from manufacturing to accounting can be assisted by software, developed specifically to take over basic business processes. Until recently, this type of automation could only do what it was programmed to do, with an…

Posted on December 7, 2016 by Liang McIntosh-Yee

The Future of Accounts Payable and Accounts Receivable: Convergence

In my last two blogs of this series, I made the following statements: “In the past Accounts Payable (AP) and Accounts Receivable (AR) were rarely spoken about in the same breath.”  “In most cases small companies start out with AR and AP being done by the same person.  That person has all the information at…

Posted on October 27, 2016 by Gary Halleen

Accounts Payable and Accounts Receivable are Converging

In my last blog I stated that, “that in the past Accounts Payable (AP) and Accounts Receivable (AR) were rarely spoken about in the same breath”. I find it fascinating as I think about the fact that AP and AR are now in separate silos with minimal communications. In most cases small companies start out with…

Posted on October 26, 2016 by Gary Halleen

Are You Prepared for the Convergence of Accounts Payable and Accounts Receivable?

In the past, Accounts Payable (AP) and Accounts Receivable (AR) were rarely spoken about in the same breath. This is changing because automation is making it easier to implement processes across both departments. Particular job functions are blurring and reporting lines are disappearing. This convergence is occurring because the technology is available that provides one…

Posted on October 13, 2016 by Gary Halleen

Robotic Process Automation

The Benefits of Robotic Process Automation (RPA)

Robots may never take over the workplace in science fiction form, but robotic process automation (RPA) is already making its way into business. RPA uses software to automate many of the duties workers do each day, including shipping and receiving, accounts receivable, and payroll. Often RPA can eliminate mundane activities that lead to employee dissatisfaction,…

Posted on September 28, 2016 by Liang McIntosh-Yee

Supply Chain Financing [Slideshow]

There are many advantages to supply chain financing. Supply chain financing allows businesses to extend their payment terms to suppliers – while at the same time – providing the option for suppliers to get paid early. Through supply chain financing, buyers are able to optimize working capital and potentially reduce product costs.

Posted on September 7, 2016 by Liang McIntosh-Yee