Archive for January 2022
What’s Driving AP Automation?
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Read MoreWhat Happened to the Milkman?
I grew up in Pittsburgh in the 1960’s, on a cul-de-sac overrun by children aged 5 to 15. Each of their families consumed milk…lots of milk. We had two deliveries a week to our house. Each delivery included 6 glass gallon containers of milk, plus a carton cottage cheese and several boxes of butter. There…
Read MoreThe Road to Touchless Processing
AP automation promises, and usually delivers, significant benefits to an organization. Automation speeds up invoice processing times, allowing companies to take better advantage of prompt payment discounts. Automation eliminates manual data entry, resulting in fewer errors and freeing up staff for more important projects. And AP Automation can help companies ferret out fraud which costs…
Read MoreThe Road to Touchless Processing: Step 3, Define Your Metrics
This is the third blog post in a series on touchless processing. In the first post, I likened touchless processing to the parable of the six blind men and the elephant. Almost every AP Manager has heard the phrase, yet there is no consistent understanding of what constitutes real touch processing. The second post discussed…
Read MoreThe Road to Touchless Processing: Step 2, Define Your Rule Set
This is the third blog post in a series on touchless processing. In the first post, I likened touchless processing to the parable of the six blind men and the elephant. Almost every AP Manager has heard the phrase, yet there is no consistent understanding of what constitutes real touch processing. The second and subsequent…
Read MoreWhat Does “Out-of-the-Box” Mean?
In recent conversations with several prospects, we learned that they are implementing (or just implemented) an “out-of-the-box SaaS AP automation solution.” Actually, the vendors involved represented their AP automation solution as being “out-of-the-box.” However, the reality of their implementation turned out quite different. By the end of the first week, the customers learned that extensive…
Read MoreAP Automation and the Total Cost of Ownership
API-based Integration File-based Integration Explanation Identifying required data elements within the ERP system $0 $ API-based integrations are pre-built and maintained by the vendor. They automatically read the structure of the ERP system and identify the required data elements.File-based integrations require knowledgeable IT and Finance resources to identify the required fields. Developing scripts to move…
Read MoreThe Best Out-of-the-Box AP Automation Solutions
In recent conversations with several prospects, we learned that they are implementing (or just implemented) an “out-of-the-box SaaS AP automation solution.” Actually, the vendors involved represented their AP automation solution as being “out-of-the-box.” However, the reality of their implementation turned out quite different. By the end of the first week, the customers learned that extensive…
Read MoreBest “Out-of-the-Box” AP Automation Vendors, Part II
In last week’s blog, we discussed the frustration many companies face when implementing an “out-of-the-box, SaaS AP automation solution.” Just a week into the implementation, the companies learned that extensive customization was required to address their stated requirements. “The demonstration we viewed in the sales process turned out to be a highly configured version of…
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