AP & P2P Automation

Testing on Parallel Tracks

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 and sometimes we run systems in parallel to ensure that if there are any issues with the... Read more »
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Robotic Process Automation in AP—How Close to Reality?

AP and P2P professionals may have at least heard of Robotic Process Automation (RPA) and may also be familiar with predictions that this new use of sophisticated computer software to automate high-volume, rule-based processes without the need for constant human supervision is set to change the face of finance and accounting (F&A) processes. This article... Read more »
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Multiple Systems Can Complicate AP Processes

By Pam Miller, APMD Many AP departments have become automated—at least partially. That means that some processes are automated, some are probably still manual, and some are in-between (not as manual as they used to be, but still not totally hands off). Very often, the process of automating has left accounts payable with multiple systems... Read more »
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12 Factors that Make or Break the Value of Invoice Processing Automation

Before implementing invoice processing automation, it is valuable to consider what organizational purposes invoice processing is really going to serve, advises Mark Seethaler, CPA, Global Payments Manager, LDS Church. Seethaler was winner of the Institute of Financial Operations 2014 Innovation Award. “Invoice processing is less about invoices than about efficient, standardized processes; good documentation management;... Read more »
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AP and IT—Challenges and Solutions on Both Sides of the Aisle

By Pam Miller, APMD With all the technological changes and challenges that accounts payable must now deal with, the last thing AP needs is to be calling in IT to resolve simple issues that could have been resolved without IT’s help. Better to save that help for when AP really needs it, or for when... Read more »
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Automation Case Study:  Becoming Touchless Is Priceless

An invoice-processing system upgrade a year ago has made life much easier at Ryder Shared Services, reports Sheila Cobb, AP Specialist II. Shared services consists of 20 people who process approximately 100,000 invoices a month and support payments for more than 20,000 employees in 800 locations across the country. Before implementing the new invoice automation... Read more »
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