The old adage is familiar: The light at the end of the tunnel could be daylight — or another train headed one’s way. When it...
Processing invoices is time consuming and costly. The average business requires 14.1 days and approval from two to five people in order to process a...
There is no standard onboarding process, so businesses are largely free to design their own. Most firms cover the basics, by collecting suppliers’ names and...
They’re slow. They’re cumbersome and expensive. They open the door for fraud. For all their drawbacks, why do paper checks persist in accounts payable? PYMNTS...
Accounts payable (AP) professionals often use established — if unsatisfactory and possibly outdated — payment methods, mostly because that’s just the way it’s always been...
When it comes time to pay suppliers, most accounts payable (AP) professionals will use whichever payment method they need to get the job done —...