Hear how taking a strategic and optimized platform approach to AP automation can offer immediate and long-lasting savings, revenue streams and business success—by automating the entire invoice to payment lifecycle, as one contiguous uninterrupted process
Implementing B2B digital payments is easier than you think – imagine paying suppliers with a simple, automated solution that provides a single process for managing all payments.
The introduction of new technologies – especially artificial intelligence, robots, and other digital tech, promises to change finance departments. As a result, many organizations are experiencing a finance talent gap. See how finance can “level up” legacy roles to embrace new technology and transform finance to be more strategic.
Payment automation and dynamic discounting are fast becoming critical tools of today’s new breed of forward-thinking CFOs who are discarding the outdated practice of sitting on cash, delaying payments and writing checks—which has proven to deliver inadequate returns and tremendous inefficiencies.
Nilay provides a perspective on the future of payments — combining essential invoice processing services into one solution, delivering fully integrated invoice automation, payment automation, dynamic discounting, and supplier enablement.
When it comes to AP, payments can be the most manual, labor- intensive part of the entire process. That’s why it’s is somewhat mystifying that wholesale adoption of ePayments has not yet come to fruition. Ardent Partner’s 2018 State of ePayables Research report sheds light on this conundrum.
Invoicing, B2B payments, dynamic discounting and supplier enablement have traditionally operated in siloed environments creating inefficiencies, added costs and complexity. Want to make your AP and finance function more strategic? Pick the right path to boost your business outcomes.
Millennials. These change agents are blazing new trails, ushering in innovation and reinventing the Accounts Payable (AP) profession. Understanding their needs and expectations of the workplace are absolutely essential, as Millennials will comprise more than one of three adult Americans by 2020 and 75 percent of the workforce by 2025.
The issue of late payments reared its ugly head recently between Airbus and Lufthansa. Reports indicate that the issue surrounds contractual disagreements and struggles down the supply chain. What’s needed is a more innovative and comprehensive approach to accounts payable and supplier enablement.
The world is becoming smaller and faster due to global business demands. AP departments can leverage technology to work smarter and faster to meet the demands of global invoice and payment processing.
AP strategies that delay payments to suppliers can backfire, placing a financial strain on suppliers that may hurt their viability. Dynamic discounting and payment automation provide a Better Way to support cash flow requirements and maintain the health of your supplier network.
Aside from bringing in new tech-savvy talent, to provide the visibility and agility needed to fully capitalize on digital transformation, organizations must look to leave their legacy technology and thinking behind and re-envision their enterprise fintech footprint.
The construction industry has been viewed as a laggard in technology adoption, but invoice and payment automation should be at the top of the construction sector’s digital transformation agenda. With 70% of contractors willing to discount their invoices…the time for Total AP Automation is now!
Recently, Ardent Partners’ Bob Cohen sat down with Nilay to review Inspyrus…”Inspyrus has crafted an innovative and re-designed approach to invoice automation that captures and processes invoices so that its customers will not have to intervene as much in the process, while also allowing them to maximize the capture of early pay discounts.”
While most U.S. consumers have made the transition to digital for communication, scheduling and bill paying, in the enterprise paper checks are still the de facto standard for 50 percent or more of vendor payments…making ePayment in AP/Procure-to-Pay operations a no brainer just based on cost considerations alone.
Millennials can be a great asset for companies that must disrupt how they do business and leverage new technology-enabled models to drive greater value. Nilay explains how millennials, tech-savvy and eager to learn and try new things, can supercharge digital transformation in accounts payable and the finance office.
New survey shows organizations struggle with conventional business-to-business payment processes that are complex, error-prone and labor-intensive. Read how inefficient AP and payment automation can exact a heavy toll on businesses in labor time and cost and what you can do to change the game.
Options for businesses to improve working capital have gotten better and more accessible, in large part due to the increasing availability of technology that automates transactional purchasing and payment processes…all leading to the re-invigoration of digital supply chain finance.
Institute of Financial Management (IOFM) research shows the average AP department spends 84% of its time on transaction processing, leaving no time for strategic operational improvement. These three strategies will help energize your AP department to think bigger and deliver greater value to the organization.
Today’s Procurement leaders understand that transforming AP from back-office workflow function to a strategic capability requires throwing out the old playbook in order to deliver best-of-class outcomes. Here are three key tips companies should consider when beginning the AP automation journey.
How much is AP costing you? See the latest cost benchmark findings based on the American Productivity Quality Center (APQC) database.
Results from a new survey show a rapid increase in the adoption of accounting software and cloud computing. New buyers of the accounting software now account for 37 percent of the market. Companies are finding that legacy accounting systems can’t keep up with their needs and new cloud-based accounting software is more in line with their business processes.
Chris’ featured article on Financial Executives International highlighting how finance leaders need to look harder for returns and think more strategically about cash management, with less than a year until the IFRS 16 compliance deadline.
Forward-thinking, innovative and influential individuals abound in the technology and marketing sector, and they are changing the world and propelling their companies, communities and careers forward. To kick off the new year, Website Magazine is featuring 50 tech movers and shakers who play pivotal roles (or are expected to) in critical areas like commerce, cryptocurrency, content and more.
With IFRS 16 – which stipulates that all lessee leases should be reported on the balance sheet – there will be more pressure on CFOs to get more creative in generating revenues to offset these liabilities. Learn how dynamic discounting is fast becoming one of the key tools of today’s new breed of innovative CFOs who are discarding the traditional practice of holding onto cash and delaying payments, to maximize savings and create new sources cash in today’s fast-moving and demanding economy.
The Association of Chartered Certified Accountants (ACCA) recently released a report urging CFOs to develop technology roadmaps for their organizations to stay competitive in the global market. Read how CFOs who embrace new tools and technologies have a huge opportunity to put finance at the center of the enterprise for value creation.
When it comes to buying and paying for products and services, there can be a tremendous organizational benefit in the form of spend management and bottom-line savings when procurement and finance operate in close partnership. However, a new study shows organizations have a long way to go to obtain optimal levels of collaboration in this area.
Nik Rupp, CFO of Specialized Bicycle Components, Inc., featured in CFO Magazine on Top CFO Priorities for 2018. Innovation is now priority No. 1 for CFOs. As a member of a new class of digital disruptors, learn how Nik is transforming how business gets done and driving process improvements and growth – both inside the finance department and throughout the organization.
The business of manufacturing is undergoing a sea change with the adoption of the digital factory. Here, finance must rapidly adapt. With this change comes several challenges that finance must rapidly be prepared to tackle and adapt to in this highly fluid, fast-paced environment.
Nilay quoted on Flarrio where he outlines how Fintech will impact the B2B marketplace to support dynamic discounting.
In today’s digital economy, the financial well-being of the enterprise is dependent on the health of the CFO-CIO relationship – and this will be amplified as the importance of digital grows. This mission-critical convergence of technology, investment strategy and risk has elevated the CFO-CIO relationship to new levels of importance.
According to a recent article in FX-MM, late payments from large corporations to suppliers are on the rise — driven in part by the view from some treasurers that these late payments act as an interest-free loan for the buyer. But what if a buyer opted to have its suppliers receive their money as fast as possible?
Nilay featured in FX-MM magazine offering his perspectives on Dynamic Discounting, associated technologies and the challenges it presents for banks and conventional business-as-usual thinking in our disruptive, digital economy. Source – FX-MM Issue 8, 2017 (p.38)
Learn top best practices that organizations are embracing to streamline accounts payable operations and moving to a shared service model to boost the company’s bottom line.
Learn best practices on how to break away from aging AP operations and gain greater ROI from your existing ERP investments and hear additional perspectives from Nilay and Chris in their interview with CMSWire.
How long does it take to resolve an invoice error? According to APQC’s Open Standards Benchmarking survey on Accounts Payable and Expense Reimbursement, the lowest-performing companies need at least 7 days.
Learn how Next-Gen AP Automation is breaking down the barriers to Shared Services nirvana by instantly integrating with multiple ERP systems simultaneously with a single application.
Where are finance execs on the road to technology-led transformation? A recent survey of 157 senior finance executives, conducted by CFO Research, shows they know they need it, but are far from achieving success.
Learn how forward-thinking finance executives are taking advantage of working capital optimization tools such as dynamic discounting, tapping into a new source of cash that can reach millions – fundamentally changing the finance game.
Inspyrus featured in the Huffington Post! Hear how Nilay’s “enterprise fintech” startup idea became reality with the founding of Inspyrus and the company’s incredible growth story.
Hear how Amway leverages Inspyrus to transform their accounts payable processes and support their global shared services strategy.
Blog post from TekStream’s Marvin Martinez describing how the Inspyrus Invoice Automation solution integrates with Oracle JD Edwards
Renowned business personality, author, and entrepreneur Kathy Ireland hosts Chris and Steve to discuss how Inspyrus is revolutionizing accounts payable operations with game-changing automation—featured on Fox Business Network and Bloomberg International.
Hear Nilay tell the Inspyrus story in a seven-part interview with renowned entrepreneur and strategy consultant Sramana Mitra.
Nilay speaks with renowned entrepreneur Sramana Mitra on how Inspyrus is providing the bold change and Fintech technologies necessary to deliver the next wave of AP and Finance innovation.
Join Chris and Steve for a behind the scenes look on the set of Worldwide Business with kathy® ireland as they preview their upcoming feature broadcast.
Nilay discusses leading market trends and key innovations that are transforming AP & Finance Operations into profit centers.
Learn how Inspyrus uniquely solves the most demanding AP challenges and delivers unrivaled business value with game changing automation.