AP Automation FAQs

Another set of AP Automation FAQs with a difference. We felt it was time to highlight a few more of your AP automation FAQs. Again, with our honest answers… FAQ 1: Do we have to use ITESOFTs analytics? No. This is an optional extra. If your business already owns business intelligence software it rarely makes

Top 3 Barriers To Automating AP & Overcoming Them

No resources Not enough budget Lack of drive How many of these barriers to automating AP applies to your organisation? Accounts Payable managers are determined to change the way their team process their supplier invoices. Even with this desire for better processes, barriers to automating AP are often put in their way by senior management.

Is Artificial Intelligence effective in fighting fraud?

In short, yes, Artificial Intelligence is effective in fighting fraud. It is already preventing a lot of fraud and is expected to dramatically decrease all cases of fraud in as little as 4 years. With changes in technology comes new ways for fraudsters to go about their work. Artificial intelligence (AI) may be the only

Do I Have A Scalable Accounts Payable Process?

A scalable Accounts Payable process is all about being future ready. Are you confident that as your business grows, your tech and team can handle it? Yes? You have a scalable Accounts Payable process. Congratulations… Why are you reading this? No? Perhaps it’s time to search for technology that can deliver real scalability. After all,

Why You Should Be Looking to Automate Accounts Payable Now

Have you thought about automating your Accounts Payable process, but keep pushing it further and further down your list of priorities? Let’s talk about why you should be looking to automate your Accounts Payable process today. Now is the best time to be looking to automate. If your company is moving into the start of

Want your Invoices Paid within 30 days? Try 1.2

Out of 15,625 reports of UK companies’ payment practices, 5,439 companies reported that they were paying their invoices within 30 days. That means 65% of companies that have reported their payment practices are taking longer than 30 days to pay suppliers upon receipt of an invoice. Why is this? It could be due to a