iKapture’s Post

82% of businesses face cash flow issues due to delayed AP processes, and automation can cut invoice processing time by up to 73%! Attention Retailers- it’s time to revolutionize your accounts payable operations! Check out our latest blog: "Best Practices for Accounts Payable in the Retail Industry" and learn how advanced automation solutions like iKapture can streamline your workflows, boost efficiency, and strengthen supplier relationships. Don’t let outdated processes hold you back—stay competitive in the fast-paced retail world. 📖 Read the blog now 👉 https://lnkd.in/dYAK7qZF #retail #accountspayable #automation #iKapture #apautomation #retailindustry

Manufacturers, automate your way to AP efficiency! Stuck in a cycle of manual invoice processing & chasing paper trails? Our blog dives deep into how AP automation can transform your manufacturing operations by: - Streamlining workflows & reducing errors - Freeing up valuable staff time - Improving supplier relationships & cash flow Read more and empower your AP department for success: https://lnkd.in/gTwNUg26 #AccountsPayable #ManufacturingAutomation #SupplyChain #APautomation #invoiceprocessing #manufacturingtransformation

Attention, Manufacturers! Are you still wading through mountains of paperwork like it’s the ‘90s? Let’s break the cycle of manual invoice processing and say goodbye to the paper chase! Check out our blog where we’ll show you how AP automation can revolutionize your operations faster than you can say “Where’s that invoice?” Let’s streamline those workflows, reduce errors, and give your team back the time they didn’t know they were missing. Plus, who doesn’t want to boost supplier relationships and cash flow while having a little fun? Time to trade in the chaos for some automation magic!

#AccountsPayable #teams: Worthwhile thoughts if your #suppliers are hesitant to embrace your goals of increasing #payments #automation. Oftentimes, a better understanding of how the enrollment process works and the benefits they stand to gain can lead to a win-win solution. #Commerce #innovation #creativity #technology #economics

Accounts payable pain points have remained virtually the same for decades. Cumbersome invoice data entry, slow processing times, limited visibility, inaccurate data—the list goes on. However, what has changed is technology. There are tools now available to automate entire processes, saving time and money - check out Tipalti’s 9 minute read on AP Automation successes 💥

Learn how retail businesses can streamline their accounts payable processes with automation! Check out Tipalti's latest article here 👇

Learn how retail businesses can streamline their accounts payable processes with automation! Check out Tipalti's latest article here 👇

Managing accounts payable can be a complex and time-consuming process for senior living communities. But what if there was a way to streamline this task, saving time and reducing errors? Enter Group Purchasing Organizations (GPOs) and automation. Read more in our latest blog: #GPOs #SeniorLiving #CostSavings https://bit.ly/49nEKLl

Companies have previously avoided implementing automated AP processes due to concerns that their suppliers wouldn’t agree with the change. However, AP automation can actually strengthen buyer-supplier relationships. Learn the many benefits suppliers can gain from automation in our article below. #AccountsPayable #PaymentProcessing #Payments

🌟 **The Three Horizons of AP Automation** 🌟 Accounts Payable processes are often among the most challenging and inconsistent financial operations in organizations today. However, there’s a solution! By leveraging Accounts Payable and Invoice Automation, organizations can not only achieve operational excellence but also add significant value to their extended enterprise. While Accounts Payable is a prime candidate for automation, it often falls low on the priority list for many firms. They tend to view the function as merely administrative, believing that its impact on cash outflows lacks strategic importance. But the landscape is evolving! Businesses around the globe are increasingly investing in solutions to enhance efficiency in their Accounts Payable processes. **The First Horizon** In the initial 6-12 months of an AP and Invoice Automation initiative, the focus should be on the low-hanging fruit. This phase involves centralizing Accounts Payable, establishing standardized processes, enhancing collaboration with procurement, and implementing an efficient AP and Invoice Automation solution. Organizations often see a 100% return on investment during this stage. Automation brings measurable operational improvements like reduced invoice exception rates, accelerated approval cycles, and higher touchless processing rates. For many, the operational enhancement is more than worth the investment! **The Second Horizon** The focus shifts to refining processes and utilizing additional tools for effectiveness. In this stage, understanding the value of Accounts Payable data becomes crucial. To keep evolving, organizations need to define performance indicators (KPIs) clearly. Key KPIs include time-to-pay, average cost per invoice, approval times, touchless processing rates, and exception rates. These metrics not only help track improvements in Accounts Payable but also lay the groundwork for actionable intelligence that can aid in supplier and spend management, risk mitigation, and effective cash flow management. **The Third Horizon** Around 24-48 months after launching an AP and Invoice Automation initiative, organizations reach a stage where operational excellence and Accounts Payable insights begin to align with strategic financial goals. At this point, well-defined policies and standardized procedures support daily activities, allowing AP staff to work efficiently and cohesively as a team. SignUp Software are proud to support 2000 clients across over 60 countries! 🌍 If you have any questions or would like more information, feel free to reach out! #APAutomation #OperationalExcellence #ExFlow