Accounts Payable

Accounts Payable

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.

0 Comments

November 28, 2023

Accounts Payable

Understanding the Fundamentals of Accounts Payable

Understanding the fundamentals of Accounts Payable is paramount for navigating the intricate terrain of corporate finance.

0 Comments

November 13, 2023

Accounts Payable

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.

0 Comments

June 15, 2023

Accounts Payable

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.

0 Comments

December 27, 2022

Accounts Payable

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.

0 Comments

December 5, 2022

Accounts Payable

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.

0 Comments

December 2, 2021

Accounts Payable

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.

0 Comments

December 1, 2021

Accounts Payable / Payroll Outsourcing

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.

0 Comments

November 19, 2021

Accounts Payable

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.

0 Comments

October 20, 2020

Accounts Payable

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.

1 Comment

October 11, 2020

Accounts Payable

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.

0 Comments

October 6, 2020

Accounts Payable

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.

0 Comments

October 1, 2020

Accounts Payable

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.

0 Comments

September 30, 2020

Accounts Payable

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.

0 Comments

May 5, 2020

Accounts Payable

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.

0 Comments

May 1, 2020