Payment

The ultimate focus of accounts payable process improvements has long been to cut paper. After all, paper is expensive. Processing a single paper invoice from receipt to payment can cost between $4

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At first glance, wire transfers appear to be something to avoid entirely. They are expensive to send and receive and, once initiated, cannot be reversed. Despite these issues, when properly leveraged

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For small accounts payable departments, it is easy to come up with reasons not to automate a process. Maybe you do not have the time. Or perhaps the money just is not there. Maybe it takes so much… Read More

What You Need to Know About Cross-border Electronic Payments Rules governing international electronic payments could put your organization out of compliance – even if you never send or receive

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Current UCC Codes outline specific check fraud responsibilities for banks and corporations. Court decisions have established guidelines for legal responsibilities, and failure to meet these

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What’s the most important part of the check that you send to your vendor, the check itself or the remittance stub? That may sound like a silly question–it's the check, of course, or the ACH

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Also, although companies report widespread ability to pay via ACH, other IOFM surveys show that more than 75 percent of payments are still made via paper check. The reason may be that AP departments

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Sometimes, tackling the problem of rush checks is not so simple. You need to realize that rush checks are not technically the problem— they are actually just the symptom. So you need to pinpoint

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Are you looking for a way to improve efficiency and eliminate paper checks? Follow Genesis Healthcare System’s lead. Genesis Healthcare System worked with purchasing and its bank to set up vendors

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By Pam Miller Fortunately, on the AP side this doesn't happen often. But consider this scenario from the AR side—it could happen on a daily basis, more likely multiple times a day. Don’t let your

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