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What is a Virtual Card?

What is a Virtual Card?

If you are involved in purchasing or financial decision-making for your company, you have likely heard the excitement surrounding virtual cards over the last few years. The payment industry is moving towards paperless vendor payments, and it is essential to understand how they can benefit your business.

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How AP Automation Can Improve Your Business Productivity

How AP Automation Can Improve Your Business Productivity

In today’s fast-paced global marketplace, every business, large and small, is looking for ways to boost their business productivity. One area that often goes unnoticed — despite its potential to significantly enhance business operations — is automating the accounts payable (AP) process. 

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Paying Vendors Electronically: Virtual Card, ACH & More

Paying Vendors Electronically: Virtual Card, ACH & More

Vendors and suppliers are the lifeblood of any business, playing a pivotal role in its success. They provide the goods and services necessary for companies to operate efficiently and meet customer demands. 

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Mid-Year Check-in for Businesses: A Guide

Mid-Year Check-in for Businesses: A Guide

Heading into the final stretch of the year, businesses have a unique opportunity to pause, reflect and recalibrate their strategies. Checking in on the year-to-date is the cornerstone for assessing progress, planning for tax season, preparing necessary reports and setting additional goals. This comprehensive guide will provide tips on how businesses can optimize their review. 

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Unlock HOA Efficiency through AP Automation

Unlock HOA Efficiency through AP Automation

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...

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Streamlining Accounts Payable Payments for Educational Institutions Through Automation

Streamlining Accounts Payable Payments for Educational Institutions Through Automation

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. 

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The Key to Gaining AP Efficiencies for Government and Municipalities

The Key to Gaining AP Efficiencies for Government and Municipalities

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:

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Upgrade Your Hospitality Payment Processes with Digital Solutions

Upgrade Your Hospitality Payment Processes with Digital Solutions

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.

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4 Common Auto Dealership Payables Inefficiencies and How to Solve Them

4 Common Auto Dealership Payables Inefficiencies and How to Solve Them

“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.

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Dealerships Drive Home Business with Accounts Payable Automation

Dealerships Drive Home Business with Accounts Payable Automation

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.

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