Invoice Processing Costs and Challenges

The last decade has seen great changes in the way Accounts Payable (AP) works and is perceived. Once seen as a cost center focused largely on the task at hand, it has transformed from a tactical to strategic enterprise. These days, AP departments are expected to consider the big picture rather than simply the immediate details of payment processing……

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9 Trends that will Transform Purchase-to-Pay in 2015

While the global economy is beginning to bounce back, organizations are still faced with a heightened pressure to improve their cash flow. As a result, during the next year, more accounts payable and procurement departments will turn to innovative invoicing and payment strategies, new financing options, social media and online collaboration tools, analytics, and a series of networks to improve financial management. In particular, electronic invoicing and payments will continue to experience growth in 2015. These trends will lead to enhanced visibility, streamlined……

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Outsourcing Front-End Functionality

This technology insight report covers outsourcing functionality around the front-end of the invoice receipt-to-pay process. The functional components offered by accounts payable outsourcing solution providers profiled in this report including invoice receipt, document imaging, data extraction, content management, approval workflow, and reporting and analysis. Other outsourcing functions including check management, utility payments, and post payment audits fall outside the scope of this report……

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How do you define Dynamic Discounting?

Dynamic Discounting?is the offering of variable early payment discounts on approved invoices awaiting payment. Gone are the days of only a 2% invoice discount offered if paid in the first 10 days (2/10 net 30). Instead, Dynamic Discounting offers the ability for buyers to choose an APR and offer suppliers discounts calculated on a sliding scale based on the number of days they are paid early. The earlier buyers pay their invoices, the greater the invoice discount……

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