In today’s fast-paced business world, it is more important than ever for accounts payable (AP) departments to be efficient and effective. Manual processes can be time-consuming and error-prone, which can lead to missed payments, financial penalties, and a loss of control over cash flow.  That’s why it’s important for CFOs to embrace the new technological adaptations of the modern AP department. By investing in advanced AP software solutions, businesses can automate many of their manual processes, making their operations more efficient, accurate, and cost-effective.  How is AP Changin ..read more

April is Financial Literacy Month, an annual initiative that emphasizes the importance of financial education.   While many believe that they have a good understanding of their finances, studies show that 43% of US adults lack basic financial knowledge.   When this is true of your workforce, these misunderstandings can lead to overspending, non-compliance, and poor data management in your business.   But companies that invest in AP automation avoid these risks with greater visibility into their financial processes. In this article, we’ll discuss the benefits of en ..read more

Collaboration between two business partners always begins with the understanding that their combined efforts are far more effective than those of any single entity standing alone. Departments within an organization act as business partners, working towards the common goal of bringing efficiency and profitability to their company. Collaborative arrangements are hugely beneficial to the success of an organization—however, competition and lack of trust can interfere with the desire to collaborate. A lack of smooth collaboration leads to disjointed departments and decreased efficiency. Successful ..read more

It’s no surprise that automating the invoicing process would make it much easier to manage accounts payable. But just how easy does it become to manage accounts payable when you’re using enterprise-level automation? Some of the benefits include dashboards that provide insight on AP’s performance, unlimited users so tasks can be delegated to anyone on the team, and visibility to leadership on AP’s improvement after automation. Dashboards for Visibility Many enterprise-level accounts payable automation solutions provide dashboards to give insight on how AP is doing. With dashboards being on the ..read more

In a business, events happen that may seem simple on the surface, but can actually do critical damage over time. One of these slow but potentially devastating instances is stalled payment of invoices. These payment delays can injure relationships with valued suppliers, and even downgrade the credit rating of a business if taken too far. Payment delays can come from simple human error, such as a lack of attention to detail or, they may be caused by complicated or unclear approval processes for invoicing. In some cases, payment delays can even come from a company not having the full visibility ..read more

In an accounts payable department that relies mostly on paper, pulling information and creating reports can be nothing short of a nightmare. Endless amounts of paper documents to be thumbed through and reviewed, eating up hours of AP’s time. Even with a partially automated department, the reality of reporting is still grim. Without high-level automation, having to search for invoices and put information together is incredibly frustrating and time-consuming. When it comes to reporting with accounts payable automation, organizations are able to stop the recurring nightmares associated with repo ..read more

DLC TAMPA, Fla., March 1, 2023 /PRNewswire/ — DocuPhase, a leading provider of business process and accounting automation, document management, data capture, and payments technologies has acquired iPayables, a premier enterprise solution for accounts payables (AP) automation and supplier management solutions. Founded in 1999, iPayables brings more than two decades of specialized experience in payment automation technology for enterprise clients to the DocuPhase solution. DocuPhase has more than 20 years of experience as a leading document management platform with advanced enterp ..read more