Legacy AP processes can be costly and cumbersome, and many businesses are finding that they can no longer deal with such frictions. Old-school processes’ strains are hitting firms harder than ever as economic difficulties slash budgets and encourage companies to more efficiently use employees’ time....
If there's one big takeaway that has come out of the pandemic's impact on businesses' accounts payable operations, it’s that solely relying on manual, on-site processes can leave businesses flat-footed, TD Bank’s Neil McHugh says. In the Next-Gen AP Automation Tracker, McHugh explains corporates are...
Businesses are not anticipating a smooth return to normalcy, with 43.5 percent of treasurers saying in a global poll that they expect the economic recovery to follow a “W”-shape, rather than the much-hoped-for “V”-shape. Organizations that are adjusting their processes to meet the conditions imposed...
Cash flow is king, especially for small- to medium-sized businesses (SMBs). These firms often have less funding than their larger counterparts, and this makes it critical that they operate as efficiently as possible and gain visibility into their working capital and expenses. These smaller players...
June 19, 2020
Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct manual invoice and payment processing from their offices. Companies are looking for digital tools to help them maintain their operations during the disruption and find new, long-term efficiencies. These solutions […]
May 13, 2020
Late payments have always plagued business-to-business (B2B) commerce, but the problem is coming to a new head. Financial instabilities that many companies are facing due to the pandemic has made...
April 16, 2020
The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Businesses are doing their part by having employees work from home, but some companies are struggling to...
February 24, 2020
For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Firms looking to strengthen their interactions with customers and vendors by adopting...
