Accounts Payable Automation
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How Many Approval Processes is the Wrong Question #APAutomation
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Once upon a time (isn’t that a great way to start an article) I was working a project where I was the SME (that’s subject matter expert – I love that title) where a consulting firm was running the project to automate accounts payable. I clearly remember the project lead, who was a very smart…
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80% of the Company Isn’t Sold on AP Automation – How to Change That
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Oddly enough when I first started to help company get rid of paper invoices in 2000 I did a few things that seems completely ridiculous today. Things The first ridiculous things I did was approach the operation groups and try to sell them on the idea of approval efficiency. It worked ok because at that…
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The Difference Between Workflow and Approval Process #APAutomation
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Life is not so black and white that something is or something isn’t. That’s the problem with the difference between articles is there are always some shades of gray (yep – I wrote shades of gray not knowing anything about the book or movie). Still Can Learn Even though there are levels of differences and…
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3 Tools That Make AP Automation Happen
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It is funny how the English language changes over time. When I wrote this title off of the back of a conversation that inspired me to write about tools and AP Automation, I cannot help to think of a person as a tool. Just to be clear, I won’t be writing about that one person…
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6 Internal Resources That Can Help With AP Automation
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It is always good to have allies. Better yet, it’s always good to have allies that can help you. That’s what today’s article is about, resources that can help. Worst? The person who said keep your friends close and your enemies closers was a very smart person. I would venture to guess that they had…
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The Basis Point Myth – #APAutomation – Chicago
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In the beginning of the week I am in Chicago at the IOFM’s Controller conference. I trying to shake things up with my accounting friends by speaking on the topic of basis point. You know those things that banks and credit card companies give you to use their credit system. I Bet I bet you…
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4 Lesser Known Facts About AP Automation
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I always love given people the inside scoop when it comes to Accounts Payable Automation. I am very fortunate that I have as many tricks that I do and I want to share them all with you. I would like to attribute all of my tricks to trial and error, but to be frank, it…
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7 Little Known Facts About AP Automation
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I like giving people the inside scoop. I almost believe that when it comes to AP Automation, my entire professional career is dedicated to telling people things they don’t know. There is nothing like a good “ah-ha” moment for a person. Especially a person that has been looking at a problem for a while and…
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Could Steve Jobs Run An Accounting Department?
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Well… this is the big reveal… the moment we have all been waiting for. As you may know I have written a few articles about Steve Jobs running an accounting department. I guess I have taken a little break from my normal Accounts Payable Automation writing to help accounting and finance professionals sharpen the saw…
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Why Is ACH So Bad? #Payments
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Maybe calling ACH bad isn’t a very nice thing to do, but there is an interesting symptom that is caused by using ACH that doesn’t fit with our modern world… time. Symptom? On average it takes three to seven business days for an ACH to clear. The key is business day. The ACH system, which…