2024

Efficient accounts payable processes are critical for maintaining healthy cash flow and strong supplier relationships. One key process in accounts payable is the two way match. It ensures that payments are made accurately and only for goods or services received. This blog will explain how the two way match process works, its benefits, and best […]

In this article, we look at what factors are important when selecting a document processing workflow solution. Document processing workflows have long existed to make sure businesses can ensure their operations happen smoothly while maintaining consistency and accuracy in their work. In recent years, digital transformation has led to a lot of innovation—including automated document

Delays, mistakes, bottlenecks, and additional costs are common issues faced by companies when it comes to traditional paper-based invoicing. They prevent financial operations from functioning smoothly and create instability within a fiscal year. In contrast, e-invoicing is an automated alternative that can bring efficiency to a company. Let’s explore the advantages of electronic invoicing and

The cash conversion cycle (CCC) is a crucial metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales. Typically, companies strive to shorten their cash conversion cycles to improve liquidity and efficiency. However, some exceptional businesses manage to achieve a negative

In this article, we look at what factors are important when selecting a document correction workflow solution. Efficient document correction workflows are vital for ensuring the accuracy and integrity of business processes. Document correction workflow solutions enable organisations to seamlessly manage and correct errors in documents, thereby maintaining data quality and compliance. As businesses increasingly

The three way matching process is a critical internal control mechanism in accounts payable that ensures that payments are made only for goods and services that have been properly ordered and received. This process involves matching the purchase order (PO), the goods receipt, and the supplier’s invoice. While three way matching helps prevent fraud and