If you’ve ever worked in accounts payable, you’re likely familiar with the sinking feeling that comes with discovering an overpayment. An invoice was processed, the payment was cleared, and the cash is gone – perhaps for good.  You’re certainly not alone. A new study found 40% of organizations have experienced invoice fraud or overpayment in […]

When you think of accounts payable, speed probably isn’t the first thing that comes to mind. That’s not surprising, as nearly four out of 10 organizations say it takes five days or more to process a single invoice.  While this timing isn’t ideal, the idea of keeping the gas pedal down can seem scary. Many

In the past, accounts payable looked largely similar from one company to the next. Invoices arrived via mail, were manually keyed into the ledger, and routed for approval by hand. Today, most finance teams are tapping into technology to lighten the AP load. In fact, a recent study found that 93% of organizations use automation

In a few short years, artificial intelligence has evolved from a niche concept discussed only by technical teams to a technology used across nearly every part of the business. According to a survey from McKinsey & Company, 88% of organizations regularly use AI in at least one business function, up from 78% just a year

When profitability is under pressure, organizations often turn to three familiar levers: revenue growth, pricing strategy, and cost cutting. While these strategies matter, there’s another powerful profitability factor that rarely comes up: accounts payable.  AP touches every dollar that leaves the business, yet it’s rarely treated as a strategic lever. Instead, it’s seen as a

Let’s face it: year-end isn’t always a happy time for finance teams. Often, it’s a high-pressure stretch filled with late nights, last-minute reconciliations, and invoices and approvals that all seem to arrive at the eleventh hour.  It’s easy to accept this chaos as inevitable. But in reality, much of the stress of year-end close is