Accounts Payable

Understanding EDMS: Electronic Document Management Systems

The days of stuffed filing cabinets and banker boxes full of loose paperwork are behind us. In many ways, we’re even past the era that centralized company information within a series of Excel workbooks and PDFs shared by…

Automating AP Approval Process: Enhancing Efficiency for Faster Invoice Approvals

The AP approval process is the workflow for getting authorization to pay vendor invoices (with credit payment terms) that are included in accounts payable before being paid. Automating the…

Optimizing the Supplier Payment Process Using Advanced Technologies

As businesses get more complex and grow in scale, the vendor payments process becomes more intricate, time-consuming, and important. Not only are supplier payments crucial to getting the raw materials needed to…

What is Electronic Invoicing (E-Invoicing)?

Introduction

Every day, businesses around the world, generate and share millions of invoices for the buying and selling of goods or services. Invoicing is the cornerstone of how businesses across the globe operate. Yet…

Understanding Encumbrance Accounting: A Comprehensive Guide

What is an Encumbrance?

An encumbrance refers to a budgetary reservation or a commitment of funds made by an organization to set aside a portion of its budget for future financial…

Top 6 Accounts Payable KPIs to measure

Enhance your organisational efficacy with practical application of the right key performance indicators!

Peter Drucker once said, “If you don’t measure it, you can’t improve it.”

Mastering How to Calculate the Return on Equity: A Guide

Return on Equity (ROE) is a crucial financial ratio that measures the net profits generated by a company based on each dollar of equity investment contributed by shareholders. It is a measure of how efficiently a company uses its…