2020 has been a challenging year for most businesses and industries. The impact of COVID-19 has not just affected the enterprise, but also across the financial supply chain. In a recent report released together by Ardent Partners and Process Fusion,… Read more »
Category: Accounts Payable Automation
Process Fusion Expands to SOC 2 Type 2 Compliance
Process Fusion continues to expand its compliance posture for Software-as-a-Service and Managed Services offerings with the System and Organization Controls (SOC) Suite of Services. As a digital process automation cloud platform provider, Process Fusion has successfully completed the 2021 Service… Read more »
5 Reasons Why Automated Invoice Processing Solutions Aren’t Made Equal
Outstanding invoices severely hinder an organization’s earning capacity. If businesses are not paid for their services on time, it can take a significant toll on their finances. This is why invoice processing plays a crucial role in business, regardless of… Read more »
Why Accounts Payable Automation Is Necessary for an Optimized Workflow in 2020
Accounts payable plays a critical part of day-to-day business operations. It has a direct impact on cash flow management, maintains vendor relationships, and provides security against fraud. However, from receipt to payment, several accounts processes require manual intervention. Manual AP… Read more »
Upcoming Account Payable Trends in 2020 – What You Need to Be Ready for
Innovations in technology make disruptive changes to the business landscape. By incorporating automation and adopting cutting-edge solutions, organizations can accelerate their business processes and earn greater profits. Unsurprisingly, 70% of organizations prioritize digital transformation initiatives, as the adoption of new… Read more »
Intelligent Data Capture – Why Is It a Key Element of Digital Transformation Strategy
An effective digital transformation strategy is a catalyst for business growth and allows organizations to make most of the cutting-edge technological innovations. With technology disrupting most traditional business models, organizations need to invest more than ever to stay relevant in… Read more »
Key Differences: Automated Invoice Processing VS Intelligent AP Automation
Outstanding invoices severely hinder an organization’s earning capacity. If businesses are not paid for their services on time, it can take a significant toll on their finances. This is why invoice processing plays a crucial role in business, regardless of… Read more »
How To Use Invoice Automation to Make Better Financial Decisions In The Retail Industry
Retail managers need to handle hundreds of different vendors that generate large volumes of invoices. Processing these invoices manually is extremely tedious and time-consuming. Your staff has to review each invoice individually and then match it against purchase orders line by line… Read more »
5 Best Practices to Optimize Your Invoice Workflow Management
With 39% of Accounts Payable departments reporting high invoice processing costs and substantial errors as their biggest challenges, inefficient invoice workflow management poses a significant risk to business performance. Simply put, an invoice workflow is a process that determines how… Read more »
5 Automated Accounts Payable Reporting Every Business Needs
When you’re responsible for the financial health of your company, access to real-time information is crucial. Decision-makers need business data to analyze workflows deeply, optimize existing operations, evaluate risks, and reach goals that drive their strategy. However, to gather financial… Read more »