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Tracking Accounts Payable Metrics That Matter

Category: Blog   |   Tags: , ,

Many AP Departments still struggle with manual invoice processing and feel the impact of inefficient paper-based processes. Specifically, they lack visibility to track metrics and determine how to benchmark themselves relative to higher performers in their industry. As written in “metric of the month” at CFO.com, the importance of accounts payable process costs becomes clear: There’s a large gap between top performers and those companies that are spending the most to process accounts payable. Benchmarking surveys help CFOs to understand how their various finance processes compare to other organizations in terms of cost-efficiency, labor productivity, activity speed, and error rates.  Understanding metrics … Continue reading


Four Important Ways AP Automation Makes a Difference in Healthcare

Category: Blog   |   Tags: , , ,

In the field of Enterprise Content Management (ECM) much of the attention in the healthcare space is on large, high-volume process-centric systems for things like claims processing or medical records. But one very important process that all healthcare organizations must manage is the Accounts Payable process. Don’t Overlook AP Automation Despite its fundamental role, most healthcare organizations overlook AP when it comes to document automation. One reason for this is that, until recently, most ECM installations required an enterprise-sized budget and a long implementation curve; something that few AP departments can afford. But that may be changing as more and … Continue reading