AP & P2P Automation

It may be difficult to fully appreciate how limited a paper-based system can be until you become aware of the advantages of a paperless electronic purchase order system.

An electric purchase order solution makes it possible for businesses to send and… Read More

Significant operational improvements can be achieved in AP and purchasing by standardizing and automating the procure-to-pay process. Automation results in better financial controls, lower costs of products, reduced overhead, and better relationshipsRead More

In the previous installment of this series, we reviewed the importance of costing each step of an automation initiative, benchmarking other organizations’ implementations for guidance, and… Read More

In the last part of this series, we discussed the importance of assembling a team of people from every single department that touches the P2P process, even those on the periphery, like technology and… Read More

Last time… Read More, we discussed how AP can improve its relationship with procurement by positioning itself as a business partner, ensuring that vendors are not on the SDN list of barred entities, collecting

In part 3 of this series, we covered the need for aligning AP, Finance and Purchasing before attempting any automation initiative. This necessitates AP taking on a greater leadership role by… Read More

In Part 2 of this series, we discussed how important it is to clean up messy, catch-as-catch-can processes in AP before attempting to automate. Because AP is the last touchpoint in a long chain of… Read More

In Part 1 of this series, we began to discuss the pitfalls of AP automation, and why so many organizations struggle with these implementations. The fact is, the difficulty usually comes not through… Read More

Part 1: Exactly What Is the Problem Here?

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You’ll read about automation as the magic bullet for everything that’s wrong with accounts payable. It’s supposed to speed up processing and save

By Pam Miller, APMD

When getting ready to implement a new process or system, we often run the old and new processes or systems in tandem. Sometimes this takes the form of a pilot or a test project… Read More

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