Accounts Payable

Although accounting software has revolutionized accounting functions across businesses large and small, manual processes still play a big role in a huge number of accounts payable operations. For some companies, perhaps the thought of automating their systems with digital payments...

As we enter the season of goal-setting for the coming year, we examine how accounts payable departments can best set goals and measure performance in these challenging financial times. By following our recommendations for a formal goal-setting and performance review...

The digitization of payments has led businesses on a quest to create more paper-free back office administration, and the COVID pandemic only served to accelerate the need to streamline contact-free transactions. Integrated financial technologies have been around for some time,...

What is a digital wallet? A digital wallet is an application that runs on mobile devices and computers and allows users to make financial transactions through online channels. Individuals and companies can securely store payment information –  including credit card,...

After years of false starts, businesses are pushing hard to automate payments to their suppliers. Over the next three years, according to Mastercard research accounts payable leaders plan to significantly reduce the percentage of payments they make to suppliers using...

Businesses of all sizes have made automating the procure-to-pay (P2P) lifecycle – from purchase order requisition through payment settlement – a priority, according to research from Levvel. Compared to piecemeal solutions that automate only part of the procure-to-pay process –...

An urban legend. A myth. Wishful thinking. Fake news. Whatever you call it, the notion that suppliers won’t accept electronic payments from their customers couldn’t be further from the truth. In fact, the percentage of payments that U.S. businesses make...

The digitization of corporate payments is creating a new challenge for businesses: how to optimize payments to suppliers, regardless of whether the payment is made via commercial card, ACH, EFT or check. Businesses now make 39 percent of their payments...

The CFO’s role within their business is undergoing fundamental change. It is no longer enough for CFOs to serve as a financial scorekeeper. Boards, CEOs and other corporate leaders expect their CFO to help develop strategies for keeping up with...

Digital Strategies For Enhancing Operational Efficiency Many companies would say that the best ways to cut costs in business is to focus on improving operational efficiency and reducing spending in the following areas: Office space Staff costs Out of pocket...