Ironically, the saying "To save money, you have to spend money" is accepted as an axiom. Based on the concept of Return on Investment, companies have invested enormous amounts of money over the years in the latest and most efficient technologies...
If you ask finance executives for their opinion on AP (accounts payable, vendor accounting), we are all likely to give a similar answer: AP is the cost of doing business. However, there are CFOs with a positive attitude...
We all know the answer to the question: What can potentially be outsourced? Those processes and tasks that do not add value to the company or that are not aligned with the company's main business objective are likely to be delegated to third parties....
Thinking about automating the accounting allocation of 60% of invoices without orders is not a pipe dream. Furthermore, achieving the automatic and immediate assignment of approval routes based on defined and publicized criteria (not subject to...
The Accounts Payable department receives invoices in every conceivable form and format. In this article, we analyze multi-page invoices that require individualized and detailed processing of the information they contain. The...
On average, companies change their ERP every 8 years. One of the most time-consuming tasks in analyzing adaptation to the new system is the purchasing and supplier invoicing or accounts payable (AP) process. The simple process of registering invoices involves...
Among all the initiatives being taken to improve the supplier invoice processing, there is one that stands out above the rest: digitizing invoices. What does digitizing invoices mean? Digitizing invoices is basically a...
Although the announcement on January 1, 2017 will probably be delayed by about two months, the SII will come into effect. With this new working scheme, the Tax Agency is radically changing the way VAT return forms are submitted. The SII proposes a series of...
Processing supplier invoices is a difficult and thankless task. The Accounts Payable department is responsible for recording expenses and payments in the accounts, with all the incident resolution management that this entails, as well as issuing reports...
