Corcentric blog

Need to know how to improve accounts receivable turnover Click here for Corcentric's detailed explanation and breakdown.

GPOs give businesses a strategic edge by amplifying purchasing power, slashing costs, and improving procurement efficiency.

Shifting from traditional checks to digital payments like ACH and virtual cards offers businesses more efficiency, security, and cost savings. Checks, though simple, come with high costs and increased fraud risks. However, moving away from them requires proper supplier information management (SIM) to ensure accurate and secure payment processing.

The AP aging report is more than just a list of unpaid bills. It’s a powerful tool that helps you manage your outstanding debts, track overdue payments, and maintain healthy relationships with your vendors.

In a rapidly evolving financial landscape, accounts payable processes are undergoing a significant transformation driven by technological advancements. The future of AP is both revolutionary and evolutionary

E-invoicing leads to increased accuracy and reduced human error, making it a game-changer for companies of all sizes. The key to success lies in understanding the technology, navigating compliance issues, and choosing the right systems.

The Ardent Partners Procurement Metrics That Matter report is an annual must-read for those of us in the industry seeking to understand the mindset of today’s procurement leaders. It provides valuable insight into trends and forecasts for procurement organizations, how they are behaving today, and what that might look like tomorrow.

Understanding essential accounts payable skills can significantly enhance both individual performance and organizational efficiency benefitting both the AP department and the individual.

Accounts payable (AP) might not always grab the headlines, but it’s the unsung hero keeping suppliers happy, cash flow steady, and your financial ship from running aground - until there's a mistake.