Saturday 17th February 2018,
Payables Place

Best Practices

The SMB of the Future

The SMB of the Future

Today’s article is a brief snippet of a report that Ardent Partners completed for Concur entitled –The SMB of the Future: Start Fast, Then Accelerate For an entire generation, technology has had an extraordinary impact on the lives of countless millions in the home and office. At home, technology and access to the internet have [...]

January 11, 2013 Vishal Best Practices, Technology 0

Why it Pays to Pay Electronically

Why it Pays to Pay Electronically

It was not so long ago that a trip to the grocery store could be ruined by a single action: having the person at the front of the checkout line decide to pay by check (a decision that was seemingly always made at the last second). From an uncertainty in knowing current account balances, to [...]

November 15, 2012 Vishal Best Practices, Research 0

AP + Treasury = Working Capital Optimization

AP + Treasury = Working Capital Optimization

As we think about the entire ePayables Framework (i.e., Receive, Process and Pay), it is during the “Pay” phase of the process that AP can work closely with treasury and finance to develop more sophisticated payment strategies and implement processes to optimize working capital (however, it should be noted that the efficiency and accuracy of [...]

August 22, 2012 Vishal Best Practices, Process 0

AP Metrics – Where Does Your Organization Stand?

AP Metrics – Where Does Your Organization Stand?

For an accounts payable department, efficiency, effectiveness, and accuracy are key to its function and responsibilities within the enterprise. An AP department that lacks these attributes may result in suppliers not getting paid on time, errors within invoices and payments and overall delays in the procure-to-pay process. Establishing and measuring relevant metrics is an important [...]

August 16, 2012 Vishal Best Practices, Process 0

Selecting an AP Automation Solution – Before, During and After

Selecting an AP Automation Solution – Before, During and After

Those of you who have already gone through this process know very well the challenges that arise when building a business case and trying to get approval for a project, during the selection process and after deployment of a solution. The solution selection process has multiple steps that can be difficult and lengthy and it [...]

August 10, 2012 Vishal Best Practices, Research 1

The Art (and Science) of a Good RFP

The Art (and Science) of a Good RFP

The Request for Proposal (RFP) process can be a lengthy and tedious process and if not executed well, can result in serious consequences for the project at hand and its validity.  In most cases, an RFP will be issued once a project has been given the go-ahead by senior management and once a plan has [...]

July 31, 2012 Vishal Best Practices 0

Transforming AP? Start with a Solid Business Case

Transforming AP? Start with a Solid Business Case

In my effort to cover AP (and P2P) processes, strategies and technologies one of the first projects at Ardent was to create the ePayables SMARTset. The purpose being, to help guide organizations through the process of improving performance within AP and surprise surprise, it all starts by being able to present a solid business case [...]

June 14, 2012 Vishal Best Practices 0