Posts by support
How to Build Trust in Your Financials and Close Faster
Finance Has a Problem A recent survey by the AICPA revealed some startling insights into the month-end close process. “Only 28% of survey respondents said they trust the numbers reported in the month-end close, while 90% said they are under pressure to close faster.” Inaccurate financial statements jeopardize relations with your shareholders and undermine the…
Read MoreHow (and Why) to Avoid an AP Automation RFP
At face value, RFPs seem like a prudent path when selecting an AP Automation tool. They formalize decision criteria, engage stakeholders and ideally will secure the best pricing. But there are downsides. RFPs are expensive They are time consuming and delay the implementation by 3 to 6 months. That translates into lost opportunity using the…
Read MoreDon’t Be Late
The Diffusion of Innovation In a previous blog, we wrote about a conceptual framework introduced by Everett Rogers in 1962. The framework and the terms are familiar to all of us. “Innovators”, “Early Adopters”, “Laggards.” Based on recent research, it appears that we are in the “Early Majority” phase when it comes to AP Automation.…
Read MoreDo I Need A Business Case?
We just completed an extended evaluation process with a new customer. They started with a long list of AP Automation providers, and over the course of several months winnowed the list down to just a few, including AP Express. Need, Nice and Wish Lists That’s when the real evaluation began. As with any evaluation, the…
Read MoreBuild trust in your numbers and accelerate the month end close
Only 28% of survey respondents said they trust the numbers reported in the month-end close, while 90% said they are under pressure to close faster. Recent SurveyAICPA Inaccurate financial statements jeopardize relations with your shareholders and undermine the confidence in leadership. There are a number of options for improving the month-end close process, and most…
Read MoreThe Time to Implement AP Express is Always Now!
The Greeks knew better About 2000 years ago, the Greek philosopher Heraclitus said, “The only thing that is constant is change.” That certainly rings true today, especially when it comes to IT initiatives. Companies are continually implementing, upgrading, and tuning their ERP systems. As a result, we frequently get pushback when it comes to AP…
Read MoreMake “Go Paperless” Your Resolution in [year]
The most common challenge that comes up in conversations with our prospects and customers is the prevalence and burden of paper in an Accounts Payable department. I have often heard customers describe their process prior to automation as “slow and clunky” or “too manual and time-consuming.” If this sounds like your AP department, you may…
Read MoreThe Seven Best Reasons Not to Outsource Accounts Payable
Digital transformation has moved from front office/customer facing initiatives and is now tackling many manually intensive, back office systems like accounts payable. AP automation is now in the crosshairs of both finance and IT, and for good reason. Advancements in optical character recognition (OCR) and sophisticated software solutions like AP Express can process invoices more…
Read MoreBest Reasons for Not Building Your Own AP Automation Solution
Recently, I heard of a prospective customer considering the notion of building their own AP automation solution. As a vendor, I found it remarkable that one would consider such an undertaking, especially with the many suitable options available in the market. I was sufficiently intrigued by the notion that I decided to do a cost…
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