Smarter Invoice Processing: A Guide to Faster, Better Results
FOs and business owners understand the importance of efficient financial operations. One area that often presents challenges is invoice processing.
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July 8, 2024
Guard Your Cash Flow: Prevent Costly AP Errors Now
Proactive accounts payable management is the way to achieve financial efficiency. By diligently addressing errors upfront, you prevent a domino effect of wasted time, resources, and potential cash flow disruptions.
April 9, 2024
Accounts Payable: How Best Practices Drive Superior Outcomes
Accounts Payable often gets relegated to the background, viewed as a purely transactional function. However, neglecting best practices in this seemingly mundane area can have a ripple effect, impacting cash flow, supplier relationships, and even your reputation.
February 6, 2024
The Ripple Effect: How Late Payments Affect the Entire Supply Chain
As businesses navigate the complexities of payment schedules, adopting advanced Accounts Payable Solutions emerges as a beacon of hope. Automation, efficient workflows, and strategic management practices not only overcome challenges but also pave the way for a more resilient and optimized financial future, fostering stability, growth, and positive partnerships within the business ecosystem.
November 28, 2023
Understanding the Fundamentals of Accounts Payable
Understanding the fundamentals of Accounts Payable is paramount for navigating the intricate terrain of corporate finance.
November 13, 2023
A Comparative Analysis: Accounts Payable Outsourcing vs. In-house Accounts Payable Management
This article aims to provide a comprehensive comparison between accounts payable outsourcing and in-house management, analyzing key factors such as cost, efficiency, expertise, data security, and the availability of accounting talent.
June 15, 2023
Accounts Payable KPIs – How to Benchmark the AP Department
In this article, we’ll look at the best selection of key performance indicators to monitor in order to properly benchmark and optimize your Accounts Payable department.
December 27, 2022
Why Accounts Payable Matters – What Every CFO Needs to Know About AP
In this article, we’ll explain what Accounts Payable involves, and look at the challenges and risks associated with it.
December 5, 2022
AP Outsourcing or AP Automation: What is Better?
To decide between AP automation or AP outsourcing for your company, it is best to define your goals. In this article, we take a closer look.
December 2, 2021
How Much Money Does AP Automation Save?
Labor costs cause AP Automation to almost always have a negative ROI. Automation for the sake of automation rarely, if ever, yields results.
December 1, 2021
What are the Risks in Accounts Payable?
There's no one-size-fits-all answer to risks in accounts payable, but one of these can help you reduce risk, avoid financial consequences.
November 19, 2021
What is AP Automation and Does It Work On Its Own?
AP Automation by itself, can lead to negative ROIs. The solution is to outsource the process to a reputable service provider like IQ BackOffice.
October 20, 2020
AP Invoice Processing – How Many Invoices Should an Accounts Payable Clerk Process?
AP Invoice Processing clerks have been benchmarked for decades. The common figure is that an AP clerk processes about 1,000 invoices per month.
October 11, 2020
Pros and Cons of Outsourcing Accounts Payable
Outsourcing Accounts Payable with a reputable third-party company like IQ BackOffice has many benefits. There is also one important drawback to consider as well.
October 6, 2020
How Much Does Accounts Payable Automation Cost?
AP automation vendors charge based on the number of system users and/or a fee per invoice - somewhere between $1.25 and $2.00 per invoice.
October 1, 2020
What is Accounts Payable Automation?
In this article, we take a look at Accounts Payable Automation, its components, how it is implemented, and the drawbacks as a stand-alone solution.
September 30, 2020
What is an Accounts Payable Workflow?
A streamlined Accounts Payable workflow is essential for managing the consistency, accuracy and efficiency of each step in the process from start to finish.
May 5, 2020
Accounts Payable – An Underutilized Business Advantage
An efficient accounts payable process is critical to optimize working capital and measure operational efficiency for sound business decisions and planning.
May 1, 2020