7 Accounts Payable Metrics to Drive Process Improvement
“What gets measured gets improved” is an old adage which is still very applicable to any business, or for that matter any task. The accounts payable process has a number of moving parts and people and unless certain metrics are identified and performance measured against these indicators, it is quite likely that something will fall through …
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7 Reasons to Convert to ePayments or Virtual Payments
Tight controls that minimize errors and reconciliation issues. Buying organizations can set controls on single-use virtual payments that limit the amount, date, merchant and even MCC codes, among other parameters. For example, if you send a single-use virtual payment to your office supply store, you can specify the exact amount that the merchant must process to …
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Ask the Right Questions: What to Look for in an ePayables Partner
So you’re thinking about implementing a virtual credit card program (also known as ePayables or virtual payments) or changing your current provider. This is the first step to a hopefully beautiful and successful new partnership, but how do you know which provider is the best fit? While we can’t pick your provider for you, we …
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