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Author Archives: Sushmitha Koka
Hot List: Top Ten Factors Driving an Interest in AP Automation
Invoice automation has become a hot topic amongst finance circles. A significant shift is beginning to shake the traditional corporate invoice and payment management paradigm. Innovative organizations are seeing tremendous potential around invoice automation – not just cost containment and … Continue reading
Electronic Procurement: Reaping the Tangible Benefits of Automation
PayStream’s recent survey of procurement professionals from over 350 U.S.-based businesses reveals a renewed interest in Web-enabled procurement solutions – especially applications that have been enhanced by purchasing cards, approval workflow technologies and integration with online vendor catalogs.
Posted in Voices
Tagged Benefits of Automation, electronic procurement, Key Procurement Metrics, KPI, procurement
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ePayments Report: Small Step to Quick ROI
The Accounts Payable (AP) department has long suffered the stigma of being called a “cost center” or “black hole” from which money is constantly flowing out. Especially in recent times, with the spotlight turned on AP, the hole has become … Continue reading
Posted in Voices
Tagged Accounts Payable, ACH, AP, E-payments, ePayment, invoice, ROI
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Renaissance of Electronic Procurement: New Hope after the Hype
Hype to hope to disappointment and finally acceptance and adoption – electronic procurement has experienced an extremely interesting lifecycle. During the early 2000s when it was fashionable to add the word “electronic” to every initiative, procurement automation appeared on a … Continue reading
Outsourcing goes Hand in Hand with Electronic Invoicing
One of the major barriers hindering electronic invoicing initiatives is gaining supplier adoption. Persuading suppliers to change their processes to align with buyer’s needs is a costly and time-consuming process, and success depends largely on the buyers’ ability to present … Continue reading
Posted in Voices
Tagged AP department, Data Capture, electronic invoicing, outsourcing, Outsourcing Imaging
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Electronic Invoicing: The Secret Sauce that Makes the Recipe a Hit
With so many sophisticated invoice and payment management solutions and services available in the marketplace today, why aren’t companies making headway in better managing their AP processes?
T&E Expense Management Automation Gets a Boost from the Recession and the Resulting Need for Cost Containment
Technological advances have shrunk our world into a single, global marketplace. Tools like the Internet, email, video conferencing etc. have made it easy for organizations to connect with their customers and suppliers, whether they are across the street or across … Continue reading
PayStream Releases Latest Research Report on Accounts Payable Outsourcing
One topic that is sure to spark a lively debate in most circles is “outsourcing.”Accounts payable is no exception. Outsourcing, the practice of leveraging the experience and expertise of a third party firm to perform tasks that would normally be … Continue reading
Posted in Purchase to Payment, Voices
Tagged downsizing, PayStream, Purchase to payment, unemployment, voices
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Imaging & Workflow Automation: The Emerging Invoice Management Revolution
“Doing more with less” has become the mantra of the day. In the current recessionary economic environment, organizations are constantly being challenged get more done with fewer resources. Accounts Payable (AP) is no exception.
E-Invoicing from the Supplier Perspective
The buyer side of electronic invoicing and its associated benefits have been covered in-depth in this and other reports. However, a lot of education is still required in understanding the value proposition to suppliers from adopting electronic invoice management solutions.
Posted in Purchase to Payment, Voices
Tagged cash flow, e-invoicing, payments, Supplier Perspective
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Environmental Impact of Electronic Invoicing: Go Green. Save Green.
When it was originally invented in 105 AD, paper was a precious product. Today, we just cannot imagine a world without paper. From the contents of our mailboxes to the currency in our wallets, from the rolls we use to … Continue reading
Imaging & Workflow Automation: Big Strides toward Paperless Accounts Payable | Lebhar-Friedman Case Study
Lebhar-Friedman, Inc., is the leading information company for the retail, foodservice and healthcare industries with over 350 employees located in the United States, Europe & Asia. Lebhar-Friedman is a media company, made up of business units all dedicated to providing … Continue reading
Best Practices in Invoice Handling
AP departments have finally jumped on the automation bandwagon and are using technologies like document imaging, data extraction, electronic invoicing and automated workflow to achieve both tactical benefits – cost containment and productivity enhancements – and strategic objectives – improved … Continue reading
Supercharge your Technology Selection Process with Help from PayStream
You have to agree that the mirrors in stores are more flattering than the ones at home. How many times have you purchased something at The Gap or JC Penny, which looked great, only to come home and realize it … Continue reading
Posted in Voices
Tagged JC Penny, PayStream, Request for Proposals, Technology Selection Process, The Gap
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Consumer Electronic Bill Payments – Choice, Convenience and Control: What’s your Payment Quotient?
Did you know that each Starbucks store offers almost 70 different types of beverages? Order a Blended Crème Frappucino at a Starbucks and don’t be surprised if they ask if you want to make that a Double Chocolate Chip, a … Continue reading