An automated accounts payable solution can greatly speed up the invoice approval process and can make the payment mechanism more efficient and smooth. Invoice automation solutions are fast becoming a part of the enterprise across the world, and the AP department is gaining a significant level of competence using such solutions.

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Every business needs tools that help improving productivity and conveniences. With the mobile phone becoming more and more prevalent, a mobile invoicing app surely helps businesses to save time and effort in sending invoices to clients. Invoicera’s latest version of Android and iOS Apps are now live. As a freelancer or a business owner, one is always preoccupied with the work and many a times travelling as well. If you are travelling for a business meeting and wish to use this time to send invoices to your customer you can simply login to your account on your Android/iOS phone and send in the invoices, while you utilize this time as well. Read More

The process of Work-flow Automation can significantly expedite the task of creating, handling and also ensuring approval of invoices. In the true sense, it is a technology solution that automates the tasks to form the process that can be completed in a more automated environment, eliminating or reducing manual efforts. In the process, many small or big tasks are linked together to achieve the desired results of Work-flow Automation.

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Cost-cutting is an important measure for many businesses to stay profitable in the recessionary economic period. This is the reason why organizations are always open to ideas that can enable them to operate their business functions in an efficient and inexpensive manner.

In the endeavour to keep the business costs at a manageable level, the accounts payable department could prove to be an important sector to implement some cost-cutting ideas. Here are the 30 practical cost-cutting ways for your AP department, helping you to reduce your business costs to a significant level: Read More

A company often deals with a number of vendors to procure a variety of goods and services to run business operations. The procurement departments of a company release Purchase Orders in order to procure goods from a vendor. The vendor supplies goods and raise Invoices against the supplied goods.

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Off late, many business organizations have clearly understood that co-ordinating between departments in a structured format has become quite difficult. They can no more operate in a well-defined format, as the complexity also has improved proportionally. Such lack of coordinated process can make the business decline. Hence it is vital that each department involved in the work-flow not only understands properly, the benefits that they are contributing, but also they are at par with the business objectives as expected. In such a close interaction between accounts payable and procurement team, Procure to Pay process gets enabled through handful collaboration.

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Introduction

Traditional methods have always paved way for complicating the invoicing process, irrespective of the business reach. More paper work, more human calculations have always tended to contribute errors in invoicing. Engaging business customers with E-Invoicing Solutions not only help to negate human errors, but also eliminate unwanted costs and complexities involved in the entire invoicing work-flow. E-Invoicing helps to scan paper invoices in single touch, comply reviews and approve them and also help to settle users more efficiently and engage with discounts applicable on payments. Read More

Invoice exceptions aren’t new but in a digitally driven world it is hard to accept the fact that 31% of the Purchase Order Invoices result in exceptions. These require manual rework before they are approved for payment. This was the outcome of a recent study conducted by one of the leading market research firms. Over 200 industry professionals participated in this research. Now let us discuss the findings of this research and discuss the three common causes of invoice exceptions

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Are you used to manually searching for purchase orders and goods receipt? You aren’t unknown to the fact that this job can get really tedious and bring down your productivity levels. Accounts Payable automation is the answer to all your woes. This would allow you to expedite invoice review, coding and the final approval that would fasten the return on investment. This does away with chances of misplacing paper invoices, human error during data entry, and invoice duplicates. Let us take you through some ways in which you add to your efficiency levels with Accounts Payable automation. Read More

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