outsourcing accounts payable

Outsourcing Accounts Payable during times of crisis

Considering the Accounts Payable process is an example of an obvious candidate for outsourcing, why don't we all do it? 

e-invoicing

Promotion of Electronic Invoicing (E-invoicing) by European governments

With regards to electronic invoicing (e-invoicing) , Spain has been a front runner in its promotion.

accounts receivable and accounts payable outsourcing

Improve operational efficiency through Accounts receivable and Accounts payable Outsourcing

Today, companies manage a complex global ecosystem of suppliers, partners, operators, customers, ... and at the same time process a large number of administrative and regulatory documents. This reality requires agility and efficiency in the management of documentation and invoices, in order to optimize operational efficiency and to avoid a high consumption of resources. However, it is surprising that today, despite the enormous advances in automation and technology, almost 75% of the documentation is processed manually. This situation is obviously very labor intensive and undoubtedly affects the results of the companies. Accounts receivable and Accounts payable outsourcing is the solution for this.

Accounts payable productivity

"Whoa, we are not so bad" in AP productivity

"Whoa, we are not so bad",  exclaimed a famous football club president facing his critics.  This, we are not so bad, is our conclusion after observing some of the results of a study carried out by mineraltree, a reputable American software company that offers solutions for AP automation.

ISS-Inmediate-information-supply

The SII-Immediate Provision of Information is also an opportunity to improve - "And now what ..."

As we mentioned in our previous article on the Immediate Provision of VAT Information (SII), from last December 2, 2016, the SII has an already established date of entry into force: July 1, 2017.​

Supplier Invoice Processing Cost Calculator

easyap presents its Supplier Invoice Processing Cost Calculator

The tool helps Financial Directors and Accounts Payable Professionals to obtain one of the most decisive KPIs for the successful management of operations in the Accounts Payable Department.​

Why paying as late as possible can be reckless.

Waiting to pay a bill as late as possible may be a very short-term strategy, but it can be significantly penalizing.

Accounts Payable Department

Getting the most out of the Accounts Payable Department (part III)

This article is the third in a series of three, under the title "Getting the most out of the Accounts Payable Department", deals with the basic concepts that influence the productivity of Accounts Payable departments:

automating-the-Accounts-Payable-process

Getting the most out of the Accounts Payable Department (part II)

This article is the second in a series of three, titled "Getting the most out of the Accounts Payable Department", dealing with basic concepts that affect the productivity of Accounts Payable departments.

accounts-payable-kpis

Accounts payable KPIS | Getting the most out of the Accounts Payable Department

Effective management of working capital, defined as current assets minus current liabilities, is one of the oldest practices of financial management. Following this practise the maxim was developed that short-term needs should be financed with short-term cash; and long-term needs should be financed with long-term sources. The underlying goal for the business is therefore essentially to reduce operational risks and costs of financing. This is measured in organizations with the accounts payable KPIS we are going to be talking about in the following paragraphs. 

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