Latest Articles

5 Signs It's Time to Automate Accounts Payable

Chances are if you’re reading this, your company’s accounts payable process includes necessary employee involvement and paper check payments. These outdated AP practices may not seem like a big detriment to your company, but when you take a closer look at the benefits of AP automation, you can see the unnecessary resources that are being allocated for making payments. So when is a good time to start taking action to implement an automated AP program?

Remove Costs and Inefficiency From Your AP Program with ASAP by Comdata

As payments processes continue to move toward electronic methods, many financial decision makers still tend to overlook the benefits of AP automation and avoid moving to an automated program. What they may not realize is that growing businesses often waste valuable resources by preserving their outdated and inefficient programs – which are full of manual processes and paper check costs. Comdata’s Automated Streamlined Accounts Payable (ASAP) system reduces the cost of your payables process by replacing paper check payments with secure virtual card payments, and gives you extra employee manpower by decreasing the manual involvement in fulfilling payments.

Benefits of a Comprehensive Payment Solution

As technology has advanced over the recent years, cutting-edge finance leaders have started focusing on optimizing their payments programs and turning it into a strategic asset, rather than a cost center. This is done by focusing on reducing expense processing costs and being deliberate about how and when to pay vendors, employees and reimbursements.

Emerging Trends in AP Automation

If the term integrated payables isn’t familiar to you, you’re not alone. Although the phrase has been around for a few years, it has only recently gained traction in the market. Plus (to make things more confusing) there are actually numerous terms that are commonly used as synonyms including: integrated accounts payable, automated accounts payable, payment hub and paperless AP.

Sign Up for Updates