10 Most Read Articles on Accounts Payable Automation from 2020
- 23 Dec 2020
- AP Automation
P.O. vs. Non-P.O. Invoices
In “PO vs. Non-PO Invoices: Differences in the Approval Process,” we discuss the age-old question on how these invoices differ and why it matters. Plus, the article outlines the review process and how to automate PO invoices and non-PO invoices, making it a go-to resource for the AP team.
Full Process Accounts Payable Cycle
“What is the Full Cycle of the Accounts Payable Process?” answers all the questions the AP team always has about the overall process. The full cycle of the AP process includes invoice data capture, coding invoices with correct account and cost center, invoice approval, matching invoices to POs, and posting for payments. Plus, the article explores procure-to-pay (P2P) and the cycle from procurement and invoice processing to paying vendors.
5 Most Useful KPIs
In “The 5 Most Useful Accounts Payable KPIs,” we explore the many moving parts in accounts payable processes, including some manual processes and multiple employees across the organization. Identifying metrics and measuring performance against key performance indicators helps determine how the AP department is contributing to the overall business success, and where improvements can be made.
How AP Automation Helps With Setting Goals and Objectives
Learn “How to Set Accounts Payable Objectives Using Automation" from our article discussing ways to set objectives by using AP automation to improve speed, accuracy, and cost of overall AP operations.We cover everything from the role AP plays in the organization to training employees and smart ways to reduce costs.
Learn the Fundamentals of Invoice Matching
“Learn the Fundamentals of Invoice Matching,” teaching accounts payable professionals more about one of the key activities performed by this department. We answer the question, “What is invoice matching?” and explore the role AP automation solutions play in saving money and time while improving productivity and accuracy.
The History of Accounting and AP Automation
Understanding the evolution of the AP department helps professionals make smart decisions moving forward. In “The History of Accounting - From Record Keeping to Artificial Intelligence,” we go back to the first examples of accounting in Mesopotamia and Egypt then journey through the evolution of accounting, including record keeping ledgers, spreadsheets, manual processes, modern AP automation, and the future of artificial intelligence in accounting.
Accounting Scandals and AP Automation
Few people can resist hearing about a juicy scandal, and accounts payable professionals are no different. Discover tantalizing tidbits about the seemingly boring accounting world in our tell-all article, “Cooking the Books: Five of the Top Accounting Scandals Through History,” we talk about all the biggest buzz, from the Enron scandal of 2001, to the Olympus scandal of 2011, and everything else exciting in-between.
Accounts Payable Glossary
One of the most useful resources in any industry is a glossary of common terminology. Look no further for your go-to resource than our, “Accounts Payable Glossary: Key Terms for AP Professionals” includes basic language as well as modern terminology, ranging from asset and capital to touchless invoice processing.
Accounts Payable Trends
Trends define what we watch on the news and read on the Internet, as well as the clothes we wear and activities we engage in on the weekend. Accounts payable trends show us important patterns to analyze for future business development and goal setting. Discover some of the latest happenings in, “5 Accounts Payable Trends for 2020,” such as how the modern cloud is bringing laser-fast speed to value and why AI and machine learning will become the new reality in the AP department in 2020 and beyond.
Accounts Payable vs. Accounts Receivable
Being aware of both sides of the coin, so to speak, is crucial in the accounts payable and accounting departments. Get in on the heated debate by reading our article, “Accounts Payable vs. Accounts Receivable: The Heat is One in the Finance Department.” While accounts receivable is often looked at as the source of cash flow, accounts payable plays a significant role in securing an organization’s cash flow. Professionals continue to debate the role of accounts payable vs. accounts receivable in boosting the bottom line..
As the accounts payable department continues to evolve, and AP automation plays a larger role in financial disclosure, Untapped will be on the scene to offer the latest updates and news to accounts payable professionals. We look forward to what the year ahead will bring!