Process

Based on research from Ardent’s latest report – ePayables 2013: AP’s New Dawn eInvoicing solutions remove paper from the AP process by creating invoices electronically and maintaining that format through the validation matching, and approval processes. While an eInvoicing solution is deployed by the buying organization, it requires participation from the supplier base to become [...]

This is the third in our business network series, Part 1 focused on European business networks while Part 2 focused on networks that have a specific vertical focus. Today’s article will discuss the networks that focus on enabling payments to be made between trading partners. As we think about the method in which payments are [...]

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 [...]

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 [...]

Some years ago, the data capture market consisted of companies such as Kofax, Brainware, Captaris, DataCap, and Captiva, among others. Some of the companies in the space were sizable, many were small, but almost all were independent companies focused specifically on data capture. The current market has changed quite a bit with many of the [...]

The results of Best-in-Class organizations show that an investment in Procure-to-Pay (P2P) can pay large dividends, while the relentless pressure on bottom-line performance makes a P2P investment all, but necessary, for most groups. Yet, the speed and level of returns from a P2P initiative can and do vary widely. Competing short-term initiatives from distinct organizations [...]

As this is the first article after yesterday’s launch, I thought it best to start off by providing our view of the accounts payable world. At Ardent, we use the term ePayables to describe the various solutions and services that automate all or part of the AP process and in case you were wondering, yes, [...]