White Papers
The Cost of Doing Nothing: What Every CFO Should Know About Accounts Payable Automation
There is a lot of talk among finance executives and accounts payable managers about accounts payable automation including various solution approaches, the relative benefits, how to justify projects, and more – almost too much talk. It can cause otherwise proactive decision makers to make suboptimal decisions or no decisions at all. However, doing nothing doesn’t make sense and is very costly. There is money flying out the door every day and financial executives have the power to stop this from happening. In this white paper, we’ve pulled together some resources that will help financial executives and accounts payable managers push past the impasse to get accounts payable projects funded and underway.
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The Top 15 Questions to Ask Any Accounts Payable Automation Solution Provider Before You Buy
Are you confused by all the terms accounts payable automation solution providers and industry experts throw around? You’re not alone. While many use common terms to describe AP automation, those terms can have widely varying meanings. This white paper is intended to help the reader go beyond the buzzwords to understand the key differences between various solution offerings.
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Not Your Father’s AP Anymore… nor should it be!
Today’s business process automation methods and systems create opportunities to significantly reduce Accounts Payable operating costs and improve control, and enable AP to take on a more strategic role in the financial operations of organizations. We look at industry statistics that quantify some of those opportunities with respect to processing speeds and costs, and our experiences with customers using AP automation in JD Edwards ERP environments. The new AP is better, faster and far less expensive to operate. And we consider how some companies have increased profitability by reducing the total AP vendor spend through aggressive use of prompt payment discounts. Not things that “your father’s AP” could do well, if at all.
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Enhancing and Extending ERP Performance with an Automated Workflow System
The effective integration of comprehensive, independent workflow systems with Enterprise Resource
Planning systems can produce significant improvements in those business processes implemented with the ERP. This synergism fully delivers on the economies of scale promised for centralized ERP processing, while insuring and simplifying the requisite participation of the “expert,” often decentralized, knowledge workers.
Practical limitations of most ERP systems are considered, as is the manner in which automated workflow
overcomes those limitations to effect greater business process improvement. The results at two businesses are considered, each of which benefited from faster, less costly and more controllable business processes.
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Leveraging Smartphone and Other Mobile Technology for Accounts Payable Efficiencies
Given the current economic conditions that exist worldwide, top management in your organization has probably challenged all aspects of your enterprise to do everything possible to improve profitability. They have called for everyone to do “more with less.” Everyone knows that management is heavily focused on improvements in revenue generation, supply chain management, manufacturing process improvement, and other “big ticket items.” They include all functions in the business in such challenges of course, but it seems clear to many finance and accounting people that management does not expect much help from the finance department other than continued excellence in managing and analyzing financial results. Many top management people think that financial processes are steeped in tradition and have already been improved as much as possible. Many of them believe that they need to look elsewhere to get the help they need.
Nothing could be further from the truth!
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The Digital Mailroom
Traditional mailroom operations can be upgraded and modernized as a “Digital Mailroom” replacing much of the manual paper handling and sorting with streamlined document automation that will speed the delivery of important business documents to the people and business processes in your company.
Current technology can perform almost all of the functions that were done manually in the past – and with greater speed, accuracy and control than ever before.
Download this white paper for additional information on streamlining the receipt and delivery of postal mail, fax and email documents.
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