In today's digital age, Homeowners Associations (HOAs) face the challenge of managing various financial transactions while maintaining accurate resident records. No matter the number of communities serviced, manual accounts payable (AP) processes can be time-consuming, error-prone and hinder the overall productivity of HOAs. However, by embracing AP automation, HOAs can revolutionize their payment processes, increase efficiency and unlock valuable time and resources. This blog will explore the advantages...

In today's fast-paced world, the automation of various business processes has become essential for organizations to improve efficiency and reduce manual errors. Educational institutions, from colleges and universities to public and private schools, handle various financial transactions such as tuition collection, lunch funds, paying external vendors and suppliers and more. Automating their accounts payable (AP) processes can significantly benefit any educational institution. 

In the United States, government municipalities refer to local governments responsible for providing services and managing public affairs within a particular geographic area. The primary difference between these municipalities lies in their forms of government, powers and functions. Here are some of the most common types of government municipalities in the United States:

In the hospitality industry, managing finances is an essential task that can significantly impact the success of a business. Key aspects of financial management include accounts receivable (AR) and accounts payable (AP). This blog will discuss AR and AP, why they are essential, and how you can effectively manage them for the hospitality industry.

“Efficiency, which is doing things right, is irrelevant until you work on the right things.”

This quote by management expert Peter Drucker is something to consider as you assess the functions of your auto dealership’s accounts payables (AP) department and decide how they might be improved. Chances are, you will find operations bringing limited value to your cash flow and processes that hinder your vendor relationships.

Reliable and fast vendor payments are critical for dealerships because they must keep their inventory stocked and bills paid to grow and scale with the ever-changing market. Too often, payments are slowed by the manual process of cutting and mailing checks which leave dealerships with high labor costs associated with the accounts payable (AP) process.

Small to medium businesses (SMB) across the U.S. are still feeling the ripple effects of the pandemic with supply chain issues, rising interest rates, growing inflation and uncertain economic conditions. As we approach 2023, inflation is the primary concern. Thirty-seven percent of Main Street SMB decision-makers cite it as their greatest worry, and it doesn’t look to be going away anytime soon.

It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”