[Editor’s Note: Today’s article is from guest author Danny Thompson, vice president of software product management for APEX Analytix. If you have an interest in becoming a guest contributor, please contact us here.] Is Your Dynamic Discounting Solution Best-in-Class? by Danny Thompson Dynamic discounting modules have been around for some time, and the benefits a buyer’s accounts payable [...]
April 7, 2016
Andrew Bartolini
Process, Solutions, Technology
Our annual “State of ePayables” research survey is now open. Your responses will help us establish the Best-in-Class metrics that readers can use to benchmark the performance of their AP operations. If you have a few minutes, I encourage you to click here and take it. Thanks in advance! Accounts payable (“AP”) has a history of [...]
April 5, 2016
Andrew Bartolini
Process, Research, Solutions, Technology
The accounts payable (“AP”) team has, in recent years, taken on new importance to the enterprise as a source of financial and operational intelligence. The rich data that AP collects through the course of its normal activities can, when made available to other stakeholders, inform data-driven decision making in a variety of different cases, such [...]
March 10, 2016
Andrew Bartolini
Best Practices, Process, Research
Efficiency rules in the modern business world, and cost savings are frequently one of the primary goals of executive leadership. As part of this objective to run an efficient organization, it is vital that the procure-to-pay (“P2P”) team drive as much value from their associated processes as possible. One of many ways to do this [...]
March 3, 2016
Andrew Bartolini
Best Practices, Process, Research
The accounts payable (“AP”) department has experienced a number of changes over the past 15 years. At first little more than a back-office function that processed invoices and supplier payments, AP has garnered new attention from executives looking to drive value from all corners of the enterprise. Enterprises have also begun to recognize the emerging [...]
January 27, 2016
Andrew Bartolini
Process, Technology
Every year, Ardent Partners publishes several benchmark studies into the accounts payable (“AP”) marketplace. One of those is the annual research effort into the state of business-to-business (“B2B”) payments, called “The State of B2B Payments 2015: Emerging Business Value” this year, which Ardent is proud to announce is now available. The report captures the perspectives, [...]
December 21, 2015
Andrew Bartolini
Process, Research, Solutions
Though automating the accounts payable (AP) process most directly benefits the AP team itself—such as eliminating manual activities and allowing for more strategic actions—it’s a mistake to imagine that accounts payable is the only enterprises function that profits from an automated AP workflow. In reality, the entirety of the enterprise stands to gain significant advantages [...]
February 23, 2015
Andrew Bartolini
Best Practices, Process, Technology
Editor’s note: Payables Place is excited to kick off a new series of articles focused on the travel and expense management function that will help enterprises, regardless of size or region, better prepare for the future of this critical business category. From technology insights and strategic recommendations to guidance on how this category will transform over [...]
December 24, 2014
Christopher Dwyer
Best Practices, Process
Welcome to the final article in a five-part series that will focus on how procurement, finance, and other professionals effectively build a “compliance management” checklist that addresses multiple avenues of spend management and the compliance ramifications behind strategic spend categories. The first four articles highlighted the dozen items that should be included in an enterprise’s [...]
November 26, 2014
Christopher Dwyer
Best Practices, Process
Editor’s Note: Today’s article was developed from an interview that resident Ardent Partners business travel / expense management, Christopher J. Dwyer, conducted with the team at MarketWatch. Listen to a recording of the MarketWatch interview at http://podcast.mktw.net/audio/20141009/mnb101014/mnb101014.mp3. Some business professionals view travel as a necessary part of their role, helping to spark business development, grow [...]
November 21, 2014
Christopher Dwyer
Best Practices, Process