Choosing the right AP automation software for your business is not as easy as it seems. You must dig through a pile of features, tools, and integrations to decide on one that best fits your business. Here, we’ve tried to create a few scenarios to help you decide between Tipalti and Stampli.
Accounts payable document management is quickly evolving. AP departments that hope to be efficient in the new environment of paperless document management must learn to streamline their operations using the latest in automation solutions.
As financial technology evolves, it drives the need for more data sharing across multiple verticals. Automated AP software is often designed for seamless and flexible integration with your ERP through two types of integrations: flat-file and API.
When you’re running a business you need to understand the payment process for accepting credit cards. A payment gateway and a payment processor perform different functions in obtaining credit card transaction data, getting approval, and processing it for payment.
Selecting an AP Automation solution that fits your business’ needs is an important choice, especially for growing teams needing a solution that can scale with their business. Consider these scenarios to help you decide when to choose Tipalti or Coupa as an AP automation partner:
A high ROE is better because it means that the return on shareholders’ equity is higher. Analyzing ROE computed with the DuPont formula, companies with higher profit margin, asset turnover, and financial leverage increase their return on equity, for a better ROE.
The accounts payable turnover in days is also known as days payable outstanding (DPO). It’s a different view of the accounts payable turnover ratio formula, based on the average number of days in the turnover period.
Accounts payable (AP) is a universal term that describes both a business account and a department that handles invoices. It represents a specific account in the general ledger that describes your organization’s obligation to pay short-term debts to suppliers, vendors, or creditors.
An RFQ reduces the amount of time needed to procure goods or services. They are not public announcements; rather, an RFQ offers a degree of security. That’s because a business only receives bids from vendors it prefers.
Your accounts payable software is vital for paying your vendors and suppliers in a seamless way. With debts and invoices paid on time, your company can focus on getting the most value out of relationships with an array of business partners.