Cost Center to Cost Saver: Using Accounts Payable To Drive Cost Savings

Posted on Jul 26, 2018 10:35:00 AM by Tom Parrish

 

Summer vacation season may still be in full swing, but many of us are already looking ahead to the fall and our end of year financial goals. Did you know your accounts payable - historically a cost center - can actually drive your organization's cost savings? By shifting from resource-intensive approaches to more efficient, effective and secure payments, your AP can move from cost center to cost saver. Here are the top five ways your accounts payable process can help reduce costs all year 'round:

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Topics: Cost Savings, Rebates, Virtual Payments, security

Improving Accounts Payable Processes: 5 Easy Goals

Posted on May 25, 2018 10:41:29 AM by Tom Parrish

Would you believe that accounts payable processes can be dramatically improved by meeting just five easy goals? A few procedures will enable you to smooth out efficiency issues, reducing the amount of time spent on each individual invoice. Following these readily implemented fixes will enable you to save a great deal of effort and money in the long run.

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Topics: Electronic Invoicing, Cost Savings

Top 5 Ways to Maximize Cost Savings Through Your AP Process

Posted on Nov 21, 2017 9:43:00 AM by Tom Parrish

Thanksgiving marks the middle of a season of abundance: Halloween to New Year's Day sees abundant good food, abundant good company, and abundant good cheer. It's a wonderful time. Of course, with this abundance comes abundant costs, and our January bank statements can be a bit of a shock. Many of us find ways to make that post-holiday shock a bit less painful - shopping throughout the year for holiday gifts, chasing sales, making gifts, and clipping coupons. But are you doing the same to maximize your organization's cost-savings? Here are five ways your accounts payable process can help reduce costs all year 'round:

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Topics: Cost Savings, Rebates, Virtual Payments, security