Legacy AP processes can be costly and cumbersome, and many businesses are finding that they can no longer deal with such frictions. Old-school processes’ strains are hitting firms harder than ever as economic difficulties slash budgets and encourage companies to more efficiently use employees’ time....
If there's one big takeaway that has come out of the pandemic's impact on businesses' accounts payable operations, it’s that solely relying on manual, on-site processes can leave businesses flat-footed, TD Bank’s Neil McHugh says. In the Next-Gen AP Automation Tracker, McHugh explains corporates are...
Businesses are not anticipating a smooth return to normalcy, with 43.5 percent of treasurers saying in a global poll that they expect the economic recovery to follow a “W”-shape, rather than the much-hoped-for “V”-shape. Organizations that are adjusting their processes to meet the conditions imposed...
It didn’t take people long to run out of bathroom tissue (apparently) and cash, among other things, after COVID-19 was confirmed. The blow to America’s small and medium-sized businesses (SMBs) and Main Street shops came practically overnight, and was utterly devastating. During the reopening and...
Cash flow is king, especially for small- to medium-sized businesses (SMBs). These firms often have less funding than their larger counterparts, and this makes it critical that they operate as efficiently as possible and gain visibility into their working capital and expenses. These smaller players...
Fruit importers/exporters never know how much they’ll pay their growers or get paid by grocery stores until the produce hits the market. That means a rather pear-shaped cash flow if they rely on accounts payable (AP) tools that aren’t tailored to their unique needs, says...
Small- to medium-sized businesses (SMBs) must often cope with slim operating margins and limited resources, and these two pressures make it essential that they closely monitor their cash flows. Doing so can help them determine if they have sufficient funds available to pursue investment opportunities...
The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore. AP automation’s...
Businesses must purchase various supplies and services to power their operations, but they often find it challenging to manage vendor payments. Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment...
