As the business landscape evolves, embracing digital transformation has become imperative for companies of all sizes. One technology that has gained considerable traction is electronic invoicing or e-invoicing. Small and medium businesses (SMBs) in...
In the tech-savvy business landscape of Singapore, small and medium businesses (SMBs) are embracing digital solutions to streamline their operations. E-invoicing, a pivotal aspect of digital transformation, presents a multitude of advantages for...
Efficient management of accounts payable (AP) processes is vital for businesses looking to optimise their financial operations. Traditional AP methods often involve manual tasks, extensive paperwork, and complex approval workflows, leading to...
In today’s digital age, electronic invoicing (e-invoicing) has become essential to modern business. It is a faster, more cost-effective, and more efficient way to manage your billing processes, which is why many businesses are now turning to e-...
Supplier management is a complex, multi-step process that’s a fundamental aspect of an organisation’s success. However, despite its importance, it remains a highly manual process for so many businesses — which can lead to a slew of inefficiencies...
While systems can significantly improve the efficiency and accuracy of the Accounts Payable process, there are still several missing gaps and challenges that companies may face before implementing a solution. In this article, we will explore five...
When managing accounts payable (AP) for a business, there are two main options: using an Accounts Payable Automation Solutions of your own or outsourcing the work to a third party. While both have pros and cons, the best option for your business...
Sunway Group is one of Southeast Asia’s leading conglomerates. With a presence in more than 50 locations worldwide, primarily across the Asian region. Sunway Group comprises 13 business divisions: real estate, construction, retail, hospitality,...
There are an infinite number of KPIs an AP department can track. And that’s part of the problem … more is not necessarily better. It’s a typical “quality over quantity” situation. Just like a doctor measures only a handful of vital signs, you too...
04/6/22
Justin Cunningham
Is your accounts payable (AP) department being tasked to better monitor, track and improve key performance indicators (KPIs)?
The Accounts Payable (AP) department is becoming one of the central drivers of business profitability, and keeping track...