June 2020 — Despite automation rallying calls from Gartner, Forrester, IDC, and almost every major business analyst company, the majority of companies have yet to bridge automation and accounts payable. As businesses continue to seek sound investments and bounce-back opportunities for the post-crisis financial...
May 2020 — Month-end closes are critical to an organization’s financial health and performance. The ability to accurately and consistently know your financial status – including expected costs, cash flow and outstanding liabilities – will determine your profit/loss and inform key business decisions. Accounts...
May 2020 — The accounts payable world is changing. In the wake of digital transformation, AP departments are blending AI, big data, and cloud computing to disrupt traditional workflows and expedite approvals across the an organization. To put it lightly: we're in a transition period. Small departments that...
April 2020 — In response to the COVID-19 pandemic, AP departments are now facing an unprecedented challenge – how to transition their activities to working remotely. This is all the more difficult given that a large majority of invoice processing activities are conducted in-house, and most Dynamics 365 for...
April 2020 — At the moment this is written, there are over 1 million confirmed cases of the novel coronavirus COVID-19 and over 21,000 deaths. Governments across the world are reacting to the spread of this deadly and highly-contagious novel virus that puts young and old at risk. In the United States, "social...
March 2020 — Recently, Barbara Corcoran, a TV celebrity on Shark Tank known for her business acumen, fell prey to an email phishing/fraudulent invoice scheme that initially cost the company $380,000 (She ended up getting the money back). This highlights how fraud “could happen to anyone,” and unfortunately it...
February 2020 — Part 2: In the previous blog, “E-invoicing and Invoice Automation Smooth the Path for Easier, Faster E-payments,” I discussed the relationship between e-invoicing and e-payments and the barriers to e-invoicing adoption. This blog, which concludes the series, focuses on best practices in deploying...
June 2022 — *UPDATED June 2022* In 2021 Microsoft made a set of invoice automation capabilities in its standard Dynamics 365 Finance product. These new features...
November 2021 — Machine learning is a powerful type of artificial intelligence (AI) that relies on algorithms and patterns in data to optimize and improve outcomes.
October 2020 — Your organization's accounts payable department is a manifestation of your financial dexterity. When AP flows like water, your procure-to-pay stands...
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