AP Invoice Processing for BFSI

[vc_row pix_particles_check=””][vc_column][vc_column_text]Advancement is a story of every field, whether it’s technical or commercial. Small to large firms make sure to update their service for their better image and users’ better experience with them. It is noticed that we come across a section that maintains data regarding expenditure and earnings. All this towards a particular part […]

What is Accounts Payable Invoice Processing?

[vc_row][vc_column][vc_column_text]What happens when accounts payable invoice processing doesn’t happen on time? Service providers/suppliers keep the services on hold or stop supplying the raw material. This ‘hold’ and ‘stop’ may cause a loss to your business. Can your business afford that loss at any stage? Coming to the major reason that causes late payments is the […]

What is Accounts Payable or AP Process?

[vc_row pix_particles_check=””][vc_column][vc_column_text]An organisation that manages its invoices promptly and accurately is one that maintains good relationships with its suppliers. Prompt payments keep businesses running smoothly, but businesses do not always have cash available readily to make payments at the time of purchases. Most businesses purchase products on credit and keep track of the payable amount […]

Automated Payment Reconciliation: Making Companies More Responsible

[vc_row pix_particles_check=””][vc_column][vc_column_text]Ask any old-time professional working in the finance sector what part of their job they wish to avoid the most, their instant reply would be payment reconciliation. Payment reconciliation involves rigorous checking of accounting records and bank statements to ensure that every official payment gets accounted for and that all balance sheets match eventually. […]

Accounts Payable Best Practices That You Should Definitely Know

[vc_row pix_particles_check=””][vc_column][vc_column_text]The accounts department of every organization has a big responsibility on its shoulders. They not only have to account for the revenue generated by the company but also keep track of the liabilities that are getting added to the company’s record. Every company, whatever industry it may be in, has to pay its bills […]

Straight Through Invoice Processing for Accounts Payable

[vc_row pix_particles_check=””][vc_column][vc_column_text]One of the biggest obstacles for any organization is consolidating and processing the receipts and invoices for various vendors and suppliers. Organizations that deal with different suppliers and vendors need to also ensure that their payments are processed on time with accuracy. As large amount of paperwork has to be reviewed, data entry carried […]