As your business grows and evolves, you may find yourself in a need of an automated vendor payment management system to bill your vendors. This can save the company a lot of time and effort as compared to processing the payments manually.…
Are you currently running a business which makes use of multiple vendors to source products? We aren’t talking about only physical products. The products can be digital in nature as well. If yes, then you already would have a place to store…
By definition, accounts payable (AP) is money owed by a business to its suppliers/vendors, which is reflected as a liability on a company’s balance sheet. As evident from the title, when you have multiple accounts payable, it is not just recommended but…
If you’re reading this article, you’re likely a business owner interested in saving costs for your business. What is the good news? Accounts payable (AP) automation tools can have a big impact on your cash flow and ultimately savings. How much can…
If you have a business that makes use of multiple accounts payable (AP), that is, multiple vendors from whom you source any kind of goods or services, it is highly likely that you make use of AP automation solutions. When you’re in…
It’s the early 21st century, and it’s time that the payments & accounts receivable (AR) industry steps into the modern era. The vendor payment processes associated with accounts payable and accounts receivable are outdated, paper-based, manual, and inefficient. Fortunately, many businesses are…
Every business owner is familiar with making vendor payments. But what about vendor payment automation? If you consider business operations, it is one of the most important forms of cash flow. Every business makes use of a vendor’s service in one way…
Lets talk about two things in this article – a) vendor consolidation and b) payment process after consolidation If you’re running a business that relies heavily on sourcing products from various vendors spread across the region, you might find yourself in a…
If you are a business owner in an SME or Startup, you probably have to manage its finance to some extent. You also most likely have a system in place for paying your vendors. If you don’t have a vendor payment system…
When you have multiple accounts payable, you might think of using the services of your traditional big bank to complete the process instead of using a smart vendor payment software. At the end of the month when you look at your balance…
When your business has multiple accounts payable, it becomes difficult for the business to rely on manual methods of payment and tracking. Most businesses face this issue when it comes to vendor payment reconciliation. Manual methods do not just involve making cheque…
As a business owner, no matter the size of your business, you might find yourself in situations where you have multiple vendor accounts payable. When this number of accounts payable is a single-digit number, you might not face a lot of difficulty…
The time it takes to pay your vendors and suppliers has a significant impact on the health of your business. As a business owner or manager, you have a vested interest in improving vendor payment services that you have currently implemented in…
Did you know that there is a way to complete your vendor payouts from net revenue, while at the same time automatically calculating the correct taxes? One of the biggest frustrations we’ve heard from our customers is that it’s hard to pay…
While many businesses focus on customer retention, there is a growing awareness of the value of vendor retention. Companies are increasingly focusing on strengthening their relationships with vendors and other third parties to increase efficiency in the supply chain and ensure a…
What is vendor payment portal A vendor payment portal is a software interface that allows finance managers to send payments. Each bank offers its own vendor payment portals. Each vendor payment portal comes with a unique vendor payment process. To most SMEs…
