IntelliChief Blog
Browse our latest blogs and articles for the latest on Enterprise Content Management and Process Automation
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The 5 Accounts Payable KPIs Your Business Should Be Measuring
/in Blog /by Zachary LeeteKey performance indicators (KPIs) are measurement values that help your organization understand how effectively it conducts business on a day-to-day basis. Across your organization, KPIs can be used to target areas of inefficiency and propose solutions to address them. In certain departments, like Accounts Payable, measuring KPIs and utilizing them to inform your corporate decision-making […]
Why It’s Time for Your Organization to Consider Accounts Payable Invoice Automation
/in Blog /by Zachary LeeteAccounts Payable Automation has earned its reputation as a game-changer for large and complex organizations that handle tens, even hundreds, of thousands of invoices annually (or more). However, fewer than half of all businesses have implemented some form of Accounts Payable Invoice Automation solution to streamline financial operations. From Gartner to the Aberdeen Group to […]
An Overview of AP Automation Objectives Among Project Stakeholders
/in Blog /by Zachary LeeteWhen the time comes to establish your AP Automation project team, it’s important to engage with your various stakeholders to ensure that you satisfy your organization’s requirements at all levels. Getting organized, establishing goals, and keeping all stakeholders accountable will not only help you achieve your AP Automation objectives but also help your vendor deliver […]
How to Determine Your Cost to Process a Single Invoice
/in Blog /by Zachary LeeteDoes your organization know how much it costs to process a single invoice? At first glance, this figure might seem too granular and specific to be of any value. After all, your organization probably understands the difference between its revenue and expenditures. But upon closer inspection, determining your cost to process a single invoice can […]
Top 5 Reasons to Automate Invoice Processing
/in Blog /by Zachary LeeteBusinesses around the globe process billions of invoices annually. As the process of purchasing materials and goods is refined and streamlined, this volume is only increasing. In fact, recent studies suggest that the volume of invoices received is likely to quadruple over the next decade. For this reason, many businesses are eager to automate invoice […]
Who Should You Include in the Enterprise Software Selection Process?
/in Blog /by Zachary LeeteIn an increasingly technology-dependent world, change is always on the horizon. Your organization has spent years, possibly even decades, working diligently to achieve success. Your people, processes, and customers are a direct result of your organization’s ability to adapt and thrive, but when the playing field is no longer level, it’s time to innovate before […]
How to Conduct a Remote Audit
/in Blog /by IntelliChiefMost audits are conducted on-site, not because it’s practical or convenient but because it has become customary over the years. Since the dawn of accounting, in-person audits have become a facet of doing business that we begrudgingly accept. In fact, most companies conduct internal audits to be 100 percent certain that they are maintaining compliance […]
How to Improve Asset Turnover Ratio With Sales Order Processing Automation
/in Blog /by IntelliChiefGetting more products out the door more quickly lets you maximize your assets. It’s a universal objective shared by everyone from Finance to Operations — and it’s your competitors’ objective, too. Everyone knows you need to spend money to make money, but determining exactly how much revenue each asset generates can be a challenge. Fortunately, […]
Improving Collaboration in a Multi-Location Office
/in Blog /by Zachary LeeteThat deadline is tomorrow? Wait — John was supposed to be working on that! Nothing causes your heart to drop quite like realizing a soon-to-be-due project has fallen through the cracks. That said, keeping everyone up to date is easier said than done, especially in companies where different departments work in different locations. Multi-Location Offices: […]
Is an Invoice Management System Right for Your Business?
/in Blog /by IntelliChiefIf you were to ask 100 companies if they would like to reduce their invoice processing costs, there is a high probability that 99 of them would say “yes.” And the one that says no? They’ve probably started their invoice automation journey already — with a full invoice management system implemented and operable. For businesses […]