Digital transformation is everywhere. However, not all employees are tech-savvy. They may be unable to immediately grasp the benefits of new digital technologies and become resistant to change due to the challenging learning process. Moving the needle on transformation takes a team. With such significant shifts occurring rapidly and more to come, employees and leaders… Why is a digital mindset important for digital transformation?
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As we all move further into a digitally influenced world, Artificial Intelligence (AI) continues to be a powerful transformational catalyst for enterprises in different industries. Artificial intelligence has now been incorporated into many facets of our culture and daily lives. It can be used in various ways in enterprises to aggregate data and streamline employment… How Machine Learning and AI can help your business in 2023
Continue reading about How Machine Learning and AI can help your business in 2023According to a recent study by Digital Adoption Report, more than 90% of companies are already taking part in some form of the digital transformation initiative. Many of these organizations’ digital transformation will help increase efficiency, productivity, and resilience. But for those who have yet to begin planning for next year, where should you start?… 5 Digital Transformation Strategies to Navigate for Success in 2023
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The Invoice Processing Challenge In almost every industry, invoices are received in paper or electronic format. The invoices are then reviewed and forwarded, usually through inter-office mail, for approve and coding. The invoice approval process usually resides in the hands of seasoned accounting staff, who are only sometimes available, delaying payments. Any exceptions are usually… 6 Reasons Why Invoice Processing Automation Is The Future
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Is your business recession-proof? According to the latest economic forecasts, the probability of a recession over the next 12 months increases to 47.5%, up from 30% in June, along with the growing inflation rate. As we all encountered the global pandemic and the challenges it brought to us, more businesses have become aware of the importance… How Technology Can Recession-proof Your Business
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uuAutoAOutstanding invoices severely hinder an organization’s earning capacity. If businesses are not paid for their services on time, it can take a significant toll on their finances. This is why invoice processing plays a crucial role in business, regardless of the industry. It is the lifeblood of all financial operations and ensures the timely payment… Key Differences: Automated Invoice Processing VS Intelligent AP Automation
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The Accounts Payable cycle is a complex process affected by several rounds of approvals, payment delays, as well as, lack of visibility. Managers relying completely on manual invoice processes suffer from these problems routinely, creating problems for the organization’s workflow. To improve this situation, every company needs AP automation software. These solutions can make your… 7 Ways to Identify Your Pain Points in Invoice Processing
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With 39% of Accounts, Payable departments reporting high invoice processing costs and substantial errors as their biggest challenges, inefficient invoice workflow management poses a significant risk to business performance. Simply put, an invoice workflow is a process that determines how business routes and approves invoices. Although manual invoice workflows work, it’s tedious, time-consuming, and considerably less reliable,… 5 Best Practices to Optimize Your Invoice Workflow Management
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Accounts payable plays a critical part of day-to-day business operations. It has a direct impact on cash flow management, maintains vendor relationships, and provides security against fraud. However, from receipt to payment, several accounts processes require manual intervention. Manual AP processes limit teams from using their time optimally and restrict them to bill payments or… Why AP Automation Is Necessary for an Optimized Workflow
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Referral management is the process of streamlining end-to-end referrals, increasing transparency, and relaying general care to specialized treatment. However, poorly managed referrals are a significant obstacle to all these things. Issues stemming from poor management of referrals affect patients, providers, and payers alike. From misdiagnosis, operational inefficiency, and broken referral loops to missing patient records,… The True Cost of Poorly Referral Management
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