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Currently Browsing Tag: AP Process

Keep the Healthcare Industry Healthy with AP Automation

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According to a PayStream Advisors study, healthcare payment cycles are ten times less efficient and more complex than nearly every other industry. Why? The answer is simple: Paper-based processes. Paper-based workflows require a lot of manual effort – meaning your employees spend too much time chasing down paper documents – tasks that could be eliminated with AP automation. With automated AP workflows, invoices and related documents are quickly and securely routed through the software, allowing payments to be completed in a matter of hours rather than weeks – helping you avoid late payment fees (and duplicate payments) and earning more … Continue reading

The 5 Things Every IT Director Needs to Know About AP Automation

Category: Blog   |   Tags: , , ,

“For organizations and C-level executives hoping to enhance their financial forecasting accuracy and strategic goal attainment, payables is really the place to start. By relegating AP to a tier 2, back-office function, executives and organizations might be missing a strategic piece.” The Aberdeen Group If you’re the Director of IT, you know that you are continually looking for products that will deliver efficiency to core aspects of business processes while protecting valuable capital – intellectual and otherwise, and generating significant cost savings. Under constant pressure to reduce IT costs, you are tasked with finding the right products while justifying all expenditures.  Often … Continue reading