payments
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You Have Been Thinking About #Payments All Wrong. #ePayments
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Now, I am not a big fan of telling people right out of the gate that they are doing something wrong. Lately, however, I have noticed a trend with people’s behavior when it come to automation conversations. Automation Conversations? Having been an automator since 2000, you can imagine I have had a lot of automation conversations.…
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Payment Automation 101
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In the landscape of automation, software, processes and payments there is a new idea that is just starting to show real signs of its usefulness – Payment Automation. There is a lot of “automation” out there Accounts Payable Automation Marketing Automation Facilities Automation Assembly Line Automation Engineering Automation Salesforce Automation The Old Days What they have in…
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Adopting Electronic #Payments – #ePayments
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There has been more interest in companies paying their bill using virtual credit cards as a form of payment. Virtual credit cards (VCC) are a secure source of payment that is easy to create and easy to apply, and the great news is VCC will put you in a position to get a rebate, and…
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Why People Are Ignoring Payment Automation
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I often counsel people looking for automation in accounting to brace themselves because they are about ready to get hit with a barrage of terms that will become more of a hindrance than a help. Terms Here are a few, AP Automation, Accounts Payable Automation, Accounting Automation, EIPP, P2P, Purchase to Pay, Payment Automation, Payable…
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Don’t Bank On It – The Future of EPayments #Payments #MRIIUC2014- New Orleans
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This week I am in New Orleans. It’s a wonderful place with a party atmosphere… too bad I go to bed at 9:30 PM! Awake? But when I am awake, I am doing what I love to do and that is talk with groups of people about the Accounts Payable and Payment process. This week…
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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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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…
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With All This Electronic Stuff – What About Remittance?
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I have written a little about electronic payments or automating the payment process, but I had someone recently ask me about remittance. To Be Clear I really hate writing this, but I know there is a small group of readers that are new to the Accounts Payable and Payment world, so I want to make…
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3 Secrets to a Virtual Credit Card Your Bank Doesn’t Know – Today #Fusion – 3:15 CST
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If you are at Fusion this week – comes see this session live! One of the unsung heroes of the Accounts Payable Automation process are payments. In my experience people don’t have has much problems as invoice probably because payments come from a central location and proactively go out of the organization, unlike invoices which aren’t so controlled. There is…
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Credit Cards, Rebates and #APAutomation – 3 Things
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Whether you consider the payment process part of AP or a stand alone process credit cards can make a big impact. On the invoice side a credit card statement can be read just like an invoice and processed for payment. At the end of the process the credit card can be used to make the…