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The Exela Blog
Read. Discover. Apply. Repeat
BancTec’s Michael Alfonsi and Sean Neal will appear as guest panelists on tomorrow’s PayStream Advisors webinar covering AP automationtools to enhance paper-based invoice processing. The hour-long webinar titled “Five Ways to Look Like an AP Hero by Year End and the Tools to Do It” will begin at 11...
Payables Place this month featured the health care company Concentra and how it used an AP automation solution from BancTec to reduce costs and improve visibility, accruals accuracy and patient care. Concentra provides occupational medicine, urgent care, physical therapy, and wellness services to...
BancTec is heading to South Florida to showcase its Intelligent BPO (iBPO)methodology at the Association for Financial Professionals’ Annual Conference at the Miami Beach Convention Center, Oct. 14-17. The BancTec team wants attendees to relax with its smarter way to outsource, and to get them in...
Successful companies are always searching for new and innovative processes and technologies that allow them to adapt to a constantly changing business environment. Improving the accounts payable process is one initiative that can lead to cost reductions and improved productivity. Document scanning...
A good owner of an AP automation initiative must take all stakeholders into consideration, including the Information Technology department. Every company is different, so making a general statement about who should and shouldn’t be involved in the decision-making process is not wise. However, it is...
AP automation can improve many problems that companies face, but it is only one part of the outsourcing equation. For your overall BPO strategy to be well rounded, you should have executive support for the initiative, an effective change management and communication plan, and a strong project...
Today’s post is from Lori Messana, Managing Director, P2P Portfolio, at BancTec. Automating a company’s accounts payable process undeniably leads to cost savings, but when choosing an AP automation vendor, be sure to differentiate between hard and soft savings. Increased customer satisfaction,...
BancTec this week hosted the quarterly meeting of the North Texas Chapter of The Institute of Financial Operations (IFO), which discussed best practices in accounts receivable and AP automation. More than 40 North Texas Chapter members arrived at BancTec’s Dallas headquarters to network, share...
Today’s post is from Lori Messana, Managing Director, P2P Portfolio, at BancTec. A common mistake during the transition to AP automation is thinking you can do it all. So be realistic and prioritize what your business really needs when it comes to accounts payable. And while it’s natural to explore...