IPS Blog

Digital Transformation is Much More than Technology - Part 1

By Paula Loverich, Marketing Manager

IPS has driven digital transformation for many years. In this series of articles we will explain what digital transformation is and how it impacts the future of all businesses and employees.  In coming editions we will provide information and tools that help you build and execute a digital transformation strategy for your organization.

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BPO is Not a Four Letter Word

By: Greg Bartels, President & CEO

Business Process Outsourcing (BPO) track record has a history of mixed results. In many cases, BPO has left CFO’s and other C-Level executives with little to show for their efforts.

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Virtual Cards Offer Big Benefits for Accounts Payable

By Paula Loverich, Marketing Manager and Karen Kroll, Independant Journalist

If you’re looking for a way to streamline your purchase-to-pay process while also boosting control, virtual cards can help. What’s more, they provide an opportunity to earn cash back on payments you’re already making.

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What % of your invoice process is automated?

By Paula Loverich, Marketing Manager

Invoice automation can quickly alleviate many of the the challenges inherent in an invoice management process, such as reducing operating costs, decreasing invoice exceptions and shortening processing time.  However, the question still remains...what percentage of your invoice management process is really automated?  

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How Automated Invoice Processing Improves Workplace Culture and Unleashes the Hidden Value of AP

By: Paula Loverich, Marketing Manager

Modern C-suite executives are focusing more than ever on the social psychology of their workplaces.

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What are your financial automation goals?

By Paula Loverich, Marketing Manager

As we do in so many aspects of our lives, such as healthy eating, exercising and managing finances, we also need to set goals for our business processes.  Have you set your goals for automating your financial processes?  

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Would you like to speed up your invoice approval and payment process?

By Paula Loverich, Marketing Manager

Every company's accounts payable process is different.  But the headaches are the same.  Too much information stored on paper, errors in recording accounts payable and expenses, paying invoices and gaining reimbursement for expenses. Processing is too slow and costs too much as AP staff chase approvals throughout the organization and sometimes around the world.

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The Future of EDI

By Greg Bartels, President/CEO

Is EDI "Electronic Data Interchange" going the way of a dinosaur or chameleon?

Recently I came across the following definition for chameleon, "A small slow-moving Old World lizard..., with a highly developed ability to change..." www.memidex.com

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Can AP automation technology reduce exceptions?

By Paula Loverich, Marketing Manager

Going digital and leveraging accounts payable automation technology available today will not only lower processing costs but can also reduce exceptions by 39%.  Invoice automation provides greater accuracy, increased accountability, transparency and a clearer audit trail for approvals. You can keep your current AP process, just do it without the paper, emails and all the problems. The following excerpt from the PayStream Advisors Invoice and Workflow Automation report shows the benefits of electronic invoicing, which include a reduction in exceptions.

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Are Your Skilled Workers Doing Unskilled Tasks?

By Paula Loverich, Marketing Manager

Electronic invoicing and automated invoice workflow reduce operating costs by providing added efficiencies in the AP department.  Your skilled workers need to focus on more strategic issues that help drive your business. The following excerpt from the PayStream Advisors Invoice and Workflow Automation report details the challenges in managing your invoice process which can be reduced with invoice automation.

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