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Articles by Function4

The New Accounts Payable Department & the Future of Payables

June 22nd, 2021 by Taylor Bucher

The New Accounts Payable Department

Business disruption prompting business innovation We’ve all heard the phrase, “Necessity is the mother of innovation”. And if 2020 has taught us anything, it’s that this is absolutely true. In the wake of the mass business disruption our...

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Posted in: Automation, Business Technology

Waiting to Kick Off Your AP Automation Project? Here’s What to Do in the Meantime

May 11th, 2021 by Jody Derr

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Recently I was asked by a customer what they can do right now as they wait to kick off an automation project. It forced me to think about examples of challenges that clients have faced and how they took those challenges head on as they prepared...

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Posted in: Automation

Should You Fix Processes That Aren’t Broken? Why Business as Usual Won’t Cut It Anymore

May 6th, 2021 by Taylor Bucher

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We’ve all heard the old adage, “Why fix what isn’t broken?” It’s a valid question. I mean, why change things when “business as usual” seems to be working just fine? Well, to put it in Ben Franklin’s words, “When you’re finished changing, you’re...

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Posted in: Business Technology

3 Ways to Improve Vendor Relations & Liquidity

May 4th, 2021 by Brian Erlien

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Many companies today are looking for ways to strengthen vendor relationships and improve liquidity and working capital. Here are three areas to focus on and three solutions that can help you do just that. Vender & Supplier Communication ...

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Posted in: Automation

5 Accounts Payable KPIs Worth Tracking

April 29th, 2021 by Justin Cunningham

5 accounts payable KPIs worth tracking

Is your accounts payable (AP) department being tasked to better monitor, track and improve key performance indicators (KPIs)? Then you’re well aware that it can be a daunting task. Why? There are an infinite number of KPIs that you could...

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Posted in: Automation

7 Ways to Better Manage Cash with AP Automation

October 14th, 2020 by Esker

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In a time like this, maintaining a strong cash flow is of utmost importance for businesses. Unfortunately for many organizations, large amounts of cash are being tied up in inefficient, back-office finance functions, and they’re quickly realizing that...

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Posted in: Automation