By Richard Bates, Acumen Data CEO Know the biggest time and resource waster in accounts payable? If you said “manually handling and processing the invoices“, you’d be 100% correct. No …
Problems caused when accounts payable is outsourced
By Richard Bates, Acumen Data CEO These days almost every company is out to reduce costs. Outsourcing the accounts payable operation is often touted as a solution. But is it? …
A quick guide of what to look for in a procurement solution
By Richard Bates, Acumen Data CEO Stop me if you’ve heard this before. But a good procurement solution is critical to the success of the entire organisation. For not only …
How to get started in automating accounts payable
By Richard Bates, Acumen Data CEO So you’re beginning to think that automating your accounts payable department just might make sense. Now the question is how to do it. It …
How to reduce the burden of expense reconciliation
By Richard Bates, Acumen Data CEO It’s a plastic world all right. Everybody seems to want to pay everything with a credit card. And while that makes things more convenient …
How to get the resources to improve accounts payable processes
By Richard Bates, Acumen Data CEO Not unlike the American comedian Rodney Dangerfield, the accounts payable department get no respect. Or not enough, anyhow. Why should we respect accounts payable, …
The truth about duplicate payments…and what to do about them
By Richard Bates, Acumen Data CEO Ask accounts payable managers about duplicate payments and most will say that they don’t exist. “Our ERP system detects if we try to enter …
Six tips to successfully outsource accounts payable
By Richard Bates, Acumen Data CEO So you have decided to outsource your accounts payable operations or your shared service – what now? How do you make sure the transition …
Measuring the ROI of accounts payable automation
By Richard Bates, Acumen Data CEO Accounts payable automation offers many opportunities to reduce costs, increase efficiencies and improve invoice-processing accuracy. However, despite the obvious advantages of AP automation, many …
How automated Accounts Payable can reduce fraud
By Richard Bates, Acumen Data CEO Business fraud, be it fraud against a business or internal business fraud is on the increase, as is the level of complexity and frequency …