Before implementing a paperless accounts payable solution, you should get an idea of where the AP workflow stands. How long does it take to process an invoice? …
ACH Direct Deposit
An ACH direct deposit is a type of electronic funds transfer made into a consumer’s checking or savings account from their employer or a federal or state agen…
Global Supplier Management
The more a brand comprehends the international supply chain, the more opportunities to make money. If it’s simply about education. The information is all there.…
Payment Automation
Payment automation is part of the broader spectrum of fintech. It allows an organization to make check, ACH, wire transfers, and virtual card payments through o…
Online Payment Software
Oftentimes, it’s difficult to tell whether you’re using a Stripe payment API to checkout or not. The odds are, though, that you probably have. The Stripe brand …
Accounts Payable Report
Running reports is essential to staying on top of business finances. In order to run the most effective reports possible, an accounts payable department should …
Invoicing and Payment Software
There are many tricks of the trade to get the most out of your invoicing and payment software. The more small business owners can streamline processes, the more…
Requisition Order
A requisition order can help to trace goods. This is useful if multiple departments are ordering the same or similar items. Each purchase order form will have w…
Affiliate Software
Affiliate software programs expand your marketing channels and streamline sales efforts. Affiliate networks are closely related to sales teams because they are …
Purchase Requisition vs Purchase Order
The PO process will also keep your orders and invoices in check. It makes it easy to identify which products are coming in at any time and aids inventory mana…
Outsourcing, Gig economy, Freelance
According to Intuit, in 2016, the percentage of Americans in the gig economy was 34%. It is expected to grow to 43% by this year. But, not every situation is su…
Document Capture Software
In many cases, this searchability aspect is what makes an electronic document management system so valuable to a business. The ability to instantly recall an …
Contingent Workforce Payments
Contingent workers are not on a company’s payroll and receive payment in a different fashion than normal staff. Understanding how to pay these workers now means…
Cloud Document Management
An electronic document management system (EDMS) scans paperwork and creates digital documents that can be stored, archived, revised, shared, etc. It decreases e…
What It Takes to be a Freelancer in 2023
It’s 2022. Time to start doing what you’ve always wanted to do!
If that’s freelancing, then hold your horses. Although 77% of full-time freelancers believ…
International EFT
EFTs are regulated by the Electronic Funds Transfer Act (EFTA) which lays out the liabilities and rights for electronic funds transfers. According to the U…
Cloud Based Accounts Payable
When an account payable is paid, AP will be debited and Cash will be credited. This expense management means the credit balance in AP should always be equal t…
Affiliate Program Management
Affiliate program management is the development, management, and measurement of your affiliate marketing strategies. Whether you run your program through affili…
What is a Requisition Order
The PO process will also keep your orders and invoices in check. It makes it easy to identify which products are coming in at any time and aids inventory manage…
What is a Document Management Workflow?
There are many brands on the market for a DMS. SharePoint is a popular platform that integrates with MS Office. It’s highly configurable with varying usage…
Affiliate Marketing Management
While affiliate marketing focuses on just the affiliates, affiliate management focuses on the merchant’s affiliate channel as a whole. The goal of affiliate m…
Electronic Payments
You will see electronic payments abbreviated in many ways like “epayment” or “e-payment” but it’s all the same. People use electronic payments bec…
Bulk Payments
A bulk payment is a remittance to multiple beneficiaries from a single bank account. It shows as only one debit on your ledger for easier management. Bulk paym…
What is a PayFac? (Payment Facilitator)
If the aggregation model does not fit your business, you may want to consider a payment processing partnership. This system transfers the inherent PayFac risk…
