Best Practices

Much has been in the news lately about what happens when two groups cannot, or will not work with one another to solve (major) pressing issues. Most of us are familiar with the saying “Teamwork makes the dream work” by John C. Maxwell, internationally recognized leadership expert, coach, and author. In business, as in politics, [...]

What can your AP team do to start 2019 on the right foot? On Tuesday, January 15 at 2:00 pm EST, join Ardent Partners’ Research Director and VP of Marketing, Robert Cohen, along with Basware’s VP of Purchase-to-Pay, Sami Peltonen, for an hour-long discussion on the Five Steps to Reach AP Excellence in 2019 (click to register).  While AP departments [...]

The beginning of every New Year comes with a sense of reflection into the prior year’s comings and goings along with an opportunity to begin anew and plan for bigger and better things to come over the next 12 months. The ePayables world is not exempt from these introspective and predictive exercises, nor should they [...]

Editor’s Note: Over the next few weeks on Payables Place, we’re publishing some “best of” 2018 articles as we reflect on the year and prepare for the new year ahead.  Most people rightfully assume an unpaid invoice is a liability. After all, an invoice means you or your organization owe another organization or person payment [...]

For all of the discussion regarding the future, it would behoove contemporary Accounts Payable (“AP”) units to model the series of key capabilities, competencies, technologies, and solutions that enable leading AP organizations to achieve Best-in-Class performance, and prove that the team has the power to drive true value across the scope of greater business operations. [...]

There are many paths to Procure-to-Pay (P2P) excellence and many starting points. A P2P automation project may start with a focus in one area within either accounts payable (AP) or procurement or it may pursue a “big bang” strategy; no matter the initial project approach or budget, one unifying characteristic of Best-in-Class P2P organizations is [...]

Over the last couple of weeks we’ve discussed payments automation as being the final frontier of Accounts Payable (“AP”) Automation, along with how electronic payments can be a source of value to organizations. This week, I wanted to delve into one of the biggest challenges facing AP departments with respect to payments, that being exceptions, [...]

Where does the most money flow out of an organization? No, it’s not fraud, theft, or even sales meetings. The simple answer is Accounts Payable (“AP”). Since AP pays all the bills of an enterprise, it is not surprising that more money flows out of it than any other part of the organization. Over the [...]

In a world where the speed of business increases moment by moment, and the next big competitor is right around the corner, enterprises can ill afford to let business value slip through their fingers. This is, however, what many Accounts Payable (“AP”) organizations have done by allowing manual, paper-based methods to persist in their supplier [...]

A Connecticut man recently pleaded guilty to defrauding the owners of a Stamford ice rink, where he worked as general manager, of nearly a half-million dollars. Stamford police said the man had been stealing the money from the owners of the ice rink for 15 years. The man was responsible for managing and overseeing the [...]