What Should You Look For In An Invoice-to-Pay Solution?

Posted by Negotiatus on January 9, 2019 at 3:52 PM

The processes associated with accounts payable have evolved immensely over the past few years. Most recently, efforts are being made to integrate seamlessly and synchronize the activities of accounts payable with the purchasing department.

The resulting system, known as procure-to-pay, is the natural product of this evolution. It encompasses a number of concepts, including invoice-to-pay, in order to streamline and optimize operations on behalf of businesses of all size.

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Topics: procurement, invoicing

9 Must-Have Source-to-Pay Platform Features

Posted by Negotiatus on December 26, 2018 at 12:51 PM

Source-to-pay (S2P) solutions are huge performance drivers for those who are involved in procurement. It makes procurement streamlined, efficient, and faster than you ever thought possible. This type of platform touches every point of the procurement process, from spend management to how you handle your vendors. It addresses accounts payable, strategic sourcing options and outright purchasing.

More and more large companies are using source-to-pay technology. Compared to piece-meal systems or using make-shift solutions, source-to-pay platforms provide a single solution for procurement that is more efficient, has higher visibility, and often has an overall positive impact on many companies' bottom line.

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Topics: procurement, source-to-pay, invoicing

How Mid-Market Companies Can Benefit from Innovative AP Automation Solutions

Posted by Negotiatus on December 19, 2018 at 2:59 PM

Technology has been transforming business processes, offering them incredible possibilities to increase cost-effectiveness and efficiency. As innovative options emerge, firms are increasingly able to identify precise needs where automation solutions are a advantageous strategic move.

For instance, there is a growing demand for accounts payable automation for mid-market companies due to the numerous benefits it offers. Here's a rundown of the benefits you can encounter by adopting an AP automation solution.

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Topics: invoicing, accounts payable