News & Information for Business Automation

Reduce Invoice Approval and Processing Cycle Time

Posted by Rich Fowler

Oct 1, 2015 7:30:00 AM

Invoice receipt to approval (“OK to Pay”) cycle times are an indicator of the company’s efficiency in the processing of incoming invoices. Invoice approval includes recording the invoices, converting paper to electronic data, matching invoices to requisitions, purchase orders & receipts, and approval to pay.

Shorter invoice processing time does not imply earlier payment of invoices simply because the invoice has been approved. It simply means that invoices are approved for payment at the most advantageous payment date. Shorter receipt-to-approval cycles result in more control over the payment process, better cash flow forecasting, maximizing payment discounts and negotiating better terms with vendors.

Seven Suggestions to accelerate the invoice approval cycle

Control non-PO spending           

  • Don’t rely on Accounts Payable to become the watchdog for non-PO invoices (emergency spending, legal fees, consultants, facility services, repairs, utilities, taxes)
  • Implement an auditable invoice routing and approval process for transactions without requisitions or purchase orders, especially to verify service hours invoiced, billing rates.

Identifying discrepancies with work orders, verbal commitments, or consultant, legal and accounting fee overbilling can result in significant savings.

Read More

Topics: ERP, Sage 100 ERP, Accounts Payable, Industry News, Webinars

Can’t Wait 6-9 Months for New Software? Get Blytheco’s NetSuite Quickstart

Posted by Kathy McCoy

Sep 29, 2015 7:30:00 AM

If you have realized that you need better software to maximize your 2016 results but can’t wait 6-9 months for the standard installation, we have good news for you:

Read More

Topics: ERP, Cloud ERP

An Overview of Document Management

Posted by Richard Simmons

Sep 28, 2015 1:38:05 PM

For those of you starting to consider integrated document management, here’s a quick overview of what paperless life looks like. To summarize, most document management solutions will:

  • Electronically capture documents;
  • Allow you to access them from any device;
  • Streamline business processes using workflow and
  • Automate the output of files.
Read More

Topics: ERP, Sage 100 ERP, Accounts Payable, Industry News, Webinars

Now Introducing: Act-On Marketing Automation

Posted by Bridget Gleason

Sep 25, 2015 8:00:00 AM


Read More

Topics: Marketing, CRM

Real-Time Visibility is the Secret Sauce for Professional Services Organizations, Part II

Posted by R. David Hofferberth, P.E.

Sep 23, 2015 7:30:00 AM

How to improve real-time information visibility

Read Part I of this blog

What is the potential for information visibility within professional services? Most departments have their own solutions which offer real-time visibility for particular tasks. For instance, sales and marketing personnel use client relationship management (CRM) solutions to manage the pipeline and better understand the services being sold and the price.

Read More

Topics: Professional Services Organizations

Accounts Payable — Then And Now

Posted by Warren Glick

Sep 22, 2015 7:30:00 AM

It hasn't been that long since accounts payable was all manual, believe it or not. Thanks to Acom Solutions, we can take a look back at how far we've come in automating AP.

While businesses have long relied on an accounts payable (AP) process of some sort to facilitate the process of issuing and matching purchase orders and managing payments, the tools and systems that support such critical business functions have changed dramatically over the years. Here’s a look at accounts payable solutions of the past and present, and how far the industry has evolved in a comparably short time:

Read More

Topics: ERP, Sage 100 ERP, Accounts Payable, Industry News, Webinars

Free Webinar: How to Define Your Software Project Scope

Posted by Kathy McCoy

Sep 21, 2015 7:30:00 AM

October 13 - 1:00 PM Eastern/10:00 AM Pacific

Scoping_webinar_shutterstock_300559913_240pxDefining the scope of your software project prevents the dreaded “scope creep” that leads to software that cannot possibly be implemented on time or on budget.

Read More

Topics: ERP, Webinars

Real-Time Visibility is the Secret Sauce for Professional Services Organizations, Part I

Posted by R. David Hofferberth, P.E.

Sep 17, 2015 7:30:00 AM

Data proves real-time visibility works

For decades, information technology providers have touted the benefits of how their solutions improve real-time visibility. They say their solutions access data faster to improve decision-making. But talk is cheap. While few would argue with this construct, the question is, “How much more efficiency does real-time visibility provide?” We’ve explored this question for the past seven years in our annual Professional Services Maturity™ Benchmark. Now we can quantify the advantages of real-time visibility.

Read More

Topics: ERP, Professional Services Organizations

Find the Right Software for Your Company: NetSuite Free Trial

Posted by Kathy McCoy

Sep 15, 2015 2:12:54 PM

When you’re looking for a new car to buy, you take it for a test drive, right? And lately, one new car manufacturer has begun offering a 24-hour test drive.


Because you want to get a feel for the car and see whether it fits your personal needs. And a longer test drive allows you to get a realistic idea of whether the vehicle is going to work for your lifestyle.

Read More

Topics: ERP, Cloud ERP

Free Webinar - How to Build a Business Case for a Software System Change

Posted by Kathy McCoy

Sep 8, 2015 1:25:00 PM

You know your company needs new business management software, but you have to make the case to management. How do you build an effective business case for the investment in a software system change?

Read More

Topics: ERP, Are You Ready for Replatforming?

About Our Blog

This blog was designed with you in mind. Here you will find the latest information about updates and upgrades for the products that you use.  We also spotlight industry trends and best practices in areas concerning business software solutions.

  • Subscribe to Bellwether

    FREE - Subscribe to Bellwether Magazine