5 min read
Accounts Payable Fraud: 5 Things You Need to Know
Criminal activity in B2B payments is on the rise, but circumventing this problem begins with being aware of why it’s...
Overcoming the challenges of a manual AP process can get complicated, so we wrote a brief whitepaper to outline some of the most common challenges, as well as how to overcome them. You'll learn:
Sep 28, 2024 by Chris Cosgrove
Criminal activity in B2B payments is on the rise, but circumventing this problem begins with being aware of why it’s...
Sep 27, 2024 by Chris Cosgrove
Paper invoices and late payments are overwhelming, but paperless AP automation can enhance efficiency, reduce costs,...
Sep 26, 2024 by Chris Cosgrove
No vendor wants to be left questioning the status of their payments, and AP automation is becoming a proven way to pay...
Sep 25, 2024 by Chris Cosgrove
Automation may seem like a difficult endeavor at first, but knowing why businesses avoid automation can help answer all...
Sep 24, 2024 by Chris Cosgrove
Utilizing invoice automation technology takes away the variables involved with manual invoice processing, bringing a...
Sep 21, 2024 by Chris Cosgrove
If manual invoice processing costs are getting in the way of your business’s growth and progress, then it’s time to see...
Sep 20, 2024 by Chris Cosgrove
Optimization of accounts payable processes begins with identifying bottlenecks in invoice processing and utilizing AP...
Sep 19, 2024 by Chris Cosgrove
ACH transactions today are able to integrate seamlessly with AP automation technology–offering enhanced efficiency,...
Sep 18, 2024 by Chris Cosgrove
As automation continues to re-map accounts payable operations, awareness of the latest trends will help businesses...
Jun 22, 2024 by Chris Cosgrove
If your organization is considering adopting an end-to-end accounts payable (AP) automation solution, you’re probably...
Jun 21, 2024 by Chris Cosgrove
Accounts payable (AP) automation is an important series of steps leading to vendor payment, account reconciliation, and...
Jun 17, 2024 by Chris Cosgrove
Accounts payable (AP) automation technology is revolutionizing the way businesses manage their finances today. From...
Jun 15, 2024 by Chris Cosgrove
Whether your organization has begun adopting AP automation or not, you’ve probably been hearing a lot about payment...
Jun 13, 2024 by Chris Cosgrove
Accounts payable (AP) automation is a technology that allows you to streamline the processing of invoices and payments...
Jun 11, 2024 by Chris Cosgrove
In accounts payable (AP), paying bills on time and accurately involves a lot of steps. Automated 3-way matching works...
Jun 10, 2024 by Chris Cosgrove
Finding ways to streamline payment processes is one of the top goals of accounts payable departments today, and...
Jun 9, 2024 by Chris Cosgrove
If you're still processing paper invoices in your accounts payable (AP) department, you’re not alone: At least 81.5% of...
Jun 8, 2024 by Chris Cosgrove
Having solid relationships with your vendors is an aspect of doing good business, as it ensures your operation...
Jun 6, 2024 by Chris Cosgrove
In today’s business environment, it’s not unheard of for an accounts payable department to be understaffed, struggling...
Jun 5, 2024 by Chris Cosgrove
Moving forward with selecting an accounts payable (AP) automation solution is a big step in the productivity and growth...
May 24, 2024 by Chris Cosgrove
Whether you’re considering an AP automation solution for your business or you’ve implemented one already, knowing how...
Apr 9, 2024 by Chris Cosgrove
How does robotic process automation (RPA) work in accounts payable, and what kinds of tasks can it manage? Here’s a...
Mar 6, 2024 by Chris Cosgrove
Eliminating B2B paper checks not only streamlines your AP processes, but it also reduces costly errors, prevents fraud,...
Feb 27, 2024 by Chris Cosgrove
AP automation is revolutionizing the world of accounts payable, but AP optimization involves using automation as a tool...
Oct 23, 2023 by Chris Cosgrove
Automating vendor payments is a way to streamline accounts payable, reduce errors, and protect your business from...
Sep 12, 2023 by Chris Cosgrove
OCR technology is changing the way accounts payable manages invoices and vendor payments by eliminating manual data...
Feb 17, 2023 by Chris Cosgrove
In this AP automation software comparison, you’ll discover how APSmart stacks up against Stampli for invoice...
Feb 17, 2023 by Chris Cosgrove
Understanding accounts payable best practices is key to choosing the right automation solution for your organization....
Jan 25, 2023 by Chris Cosgrove
If you haven’t already noticed, payments automation has come a long way recently. In fact, with the AP automation...
Dec 2, 2022 by Chris Cosgrove
It’s no secret that your AP department plays a major role in the success of your auto dealership. Not only do its...
Dec 2, 2022 by Chris Cosgrove
Personal credit cards are still a popular way for businesses to cover expenses, whether it’s for products, office...
Nov 4, 2022 by Chris Cosgrove
It’s time for your auto dealership’s AP department to go from Stone Age to the Digital Age with electronic payments!...
Sep 6, 2022 by Chris Cosgrove
Learn how three accounts payable software contenders deliver cost and time savings with AP automation and payment...
Aug 30, 2022 by Chris Cosgrove
Like many accounts payable departments, yours is likely inundated with time-consuming, manual tasks like data entry,...
Jun 19, 2022 by Chris Cosgrove
As we throttle through what remains of summer, most accounting and finance leaders are dealing with...
Jun 14, 2022 by Chris Cosgrove
Although we may be inclined to say that our accounts payable automation solution is the best on the market, the reality...
Nov 18, 2019 by Chris Cosgrove
Last updated 9/18/2023 by Chris Cosgrove, Chief Revenue Offer at CloudX
Optimal procure-to-pay (P2P) processes...
Oct 18, 2019 by Chris Cosgrove
This is true, and when it comes to music, and specifically orchestral type...
Oct 7, 2019 by Chris Cosgrove
This drives internal improvements and causes...
Jul 11, 2019 by Chris Cosgrove
It’s part of life. Anyone who has ever...
Jan 10, 2019 by Chris Cosgrove
Last updated July 6, 2022 by Chris Cosgrove, Chief Revenue Officer & Co-Founder of CloudX
The good book states that...
Nov 5, 2018 by Chris Cosgrove
You can source that to...
Oct 9, 2018 by Chris Cosgrove
For many companies, the fourth quarter represents some of the most challenging times of...
Dec 15, 2017 by Chris Cosgrove
SMB’s can hardly be categorized “da belle of da ball” in the now famous Michael...
Nov 8, 2017 by Chris Cosgrove
It’s always a good idea to determine whether something you’re thinking about doing is worthy of the...
Nov 1, 2017 by Chris Cosgrove
There’s increasing buzz over the impact of AI (artificial intelligence) in the workplace. With all...
Oct 17, 2017 by Chris Cosgrove
This certainly holds true for certain food items...especially if...
Oct 12, 2017 by Chris Cosgrove
Last updated September 13, 2022, edited by Chris Cosgrove, CloudX Co-Founder
“How much is it?” If...
Oct 3, 2017 by Chris Cosgrove
We’ve all heard this adage in one context or another.
In the day and age of big data however,...
Sep 28, 2017 by Chris Cosgrove
So a while back we wrote up a similar post, but the time is right to revisit given...
Sep 21, 2017 by Chris Cosgrove
It’s hard not to like the NBC’s The Office. Even despite the fact that the show has been off-air...
Sep 11, 2017 by Chris Cosgrove
If you’ve ever seen the TV show Hoarders, you’re in for a real treat. Through its raw and real...
Sep 7, 2017 by Chris Cosgrove
However, I had a buddy who once said that “you can salt...
Sep 1, 2017 by Chris Cosgrove
There’s a certain awkwardness to buying things especially...
Aug 28, 2017 by Chris Cosgrove
However, in terms of the Accounts Payable landscape, it seems to be an item...
Aug 25, 2017 by Chris Cosgrove
Aug 23, 2017 by Chris Cosgrove
You know all too often we look to one hit wonders and overnight successes as the model of...
Aug 17, 2017 by Chris Cosgrove
At least that worked for Happy Gilmore when he needed to ice the...
Aug 14, 2017 by Chris Cosgrove
If you haven’t taken the time to listen to Daft Punk’s tasty techno tunes, then you’re missing out. Or...
Jul 20, 2017 by Chris Cosgrove
There’s little doubt that accounts payable software provides a significant uplift in process efficiency, visibility,...
Jul 12, 2017 by Chris Cosgrove
As you may have come to know from perusing our blog for even a brief while, we’re ardent promoters of the...
Jul 10, 2017 by Chris Cosgrove
...but times are changing. Part of that change is going to come by means of how...
Jul 6, 2017 by Chris Cosgrove
With today’s brief, we want to address three key myths that surround Accounts Payable automation....
Mar 28, 2017 by Chris Cosgrove
Well, despite winter’s...
Mar 21, 2017 by Chris Cosgrove
The primary reason for writing this post today is to confound traditional thinking in a...
Mar 14, 2017 by Chris Cosgrove
CFOs and Controllers the world over are pressed with making difficult decisions for their...
Mar 9, 2017 by Chris Cosgrove
If...
Feb 10, 2017 by Chris Cosgrove
Today’s post is not something that is going to be profound, but rather something that...
Jan 31, 2017 by Chris Cosgrove
In today’s post, we want to challenge some old school thinking around Accounts Payable software....
Jan 24, 2017 by Chris Cosgrove
In the spirit of the wild ride that has been the election cycle of 2016 and now Inauguration Day 2017, we...
Jan 19, 2017 by Chris Cosgrove
I remember learning how to type in high school nearly 20 years ago. Our witty, sarcastic,...
Jan 12, 2017 by Chris Cosgrove
“High-tech tools for the enterprise are no longer reserved for the...
Jan 6, 2017 by Chris Cosgrove
If only scanning business documents was as easy as Google is making photo conversion. Yeah, they're...
Jan 5, 2017 by Chris Cosgrove
In today’s post, we want to take some time to review some interesting trends we encountered in our recent industry...
Oct 12, 2016 by Chris Cosgrove
Where there’s a will there’s a way!
While this might be a simplistic...
Oct 4, 2016 by Chris Cosgrove
It may seem like a foregone conclusion that you would say, well you’re an AP automation...
Sep 26, 2016 by Chris Cosgrove
Wikipedia has already done a bang-up job on summarizing it as such, “Accounts payable...
Sep 21, 2016 by Chris Cosgrove
While some may argue that AP automation is old news and bolder, fresher ideas...
Sep 16, 2016 by Chris Cosgrove
In fact, in most people change tends to reveal their character (for...
Aug 26, 2016 by Chris Cosgrove
We’ve all heard the adage that if you want something done right that you should do...
Aug 22, 2016 by Chris Cosgrove
By definition it means ‘at or to the further side’ of a given object. However, the nuance that...
Aug 18, 2016 by Chris Cosgrove
Today’s post will be a sort of odd homage to someone you’ve surely never heard...
Aug 16, 2016 by Chris Cosgrove
It was interesting and I did well at it. While it wasn’t my initial course of study, I...
Aug 3, 2016 by Chris Cosgrove
Today’s Mission: Review the challenges of distributed vs. centralized capture and how it impacts the Accounts Payable...
Jul 19, 2016 by Chris Cosgrove
An all too common question that we get from people who are looking at...
May 24, 2016 by Chris Cosgrove
We're super excited to be live and on scene at the Institute of Financial Management's...
May 11, 2016 by Chris Cosgrove
Steven Covey wrote the critically acclaimed and highly influential...
May 3, 2016 by Chris Cosgrove
Many pieces have been written on the...
Jan 29, 2016 by Chris Cosgrove
In fact, it’s easy to get buried by the grind of the...
Jan 26, 2016 by Chris Cosgrove
Not everybody likes a good secret that gets out, but we think that...
Jan 21, 2016 by Chris Cosgrove
When I ask my 4 year old the color of an object, or its shape, I get...
Jan 5, 2016 by Chris Cosgrove
Welcome to a new day, a new season in your journey! Many people begin the new year refreshed and...
Dec 8, 2015 by Chris Cosgrove
Getting through the winter of your discontent can be a tough thing especially if...
Dec 2, 2015 by Chris Cosgrove
Well, it’s that time of the year again...year-end coming on quickly, holidays, strategic...
Nov 24, 2015 by Chris Cosgrove
It certainly has to do with...
Nov 20, 2015 by Chris Cosgrove
That is certainly a tried and true theory that will be put to...
Nov 16, 2015 by Chris Cosgrove
Decisions, right, wrong, or indifferent are made at...
Nov 13, 2015 by Chris Cosgrove
No, this post is not the fabled fountain of youth the Ponce de Leon so...
Nov 5, 2015 by Chris Cosgrove
Anytime you’re dealing with novel or leading ideas in the marketplace, you’re...