Benefits of Integrating AP Automation with Your ERP
Payment commerce is moving increasingly towards paperless vendor payments, and it is crucial to understand how automating accounts payable (AP) functions can benefit your needs. Employing AP automation functionality can offer numerous benefits for your business and your vendors by reducing the labor-intensive effort involved with outbound payments. Advance Cash Flow Use digital systems such …
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How to Select the Best Integrated Payments Partner
2022 is moving quickly and will shape up to be a ‘year of thriving’. When seeking a payment provider there are many choices and important factors to take into account. A provider should be first and foremost, a FinTech company, focused on automating financial services through integrations. The payments provider should also be a payments …
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SourceDay Extends NetSuite’s Inbound Shipment Module
Manufacturers and distributors importing products from overseas face a variety of challenges. Perhaps shipments arrive late or are inaccurate or incomplete. Occasionally they don’t arrive at all. And freight can be expensive. SourceDay has developed a solution that extends NetSuite’s Inbound Shipment module to meet the needs of buyers who import inventory. FOB (Free on …
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Nimble Digital Payment Models for 2022
It is now 2022, and we have returned to work at a steady pace. The way we work, the way we communicate, and the way we prioritize our time is digital first, every day, all day. We have witnessed the boom of e-commerce, the rise of digital banking, and even contact centers applying decentralized work …
PO Lifecycle Management: Filling the Gaps
NetSuite is a powerful and versatile Cloud ERP (Enterprise Resource Planning) solution that, among other things, has brought considerable improvements to the purchase order process. Now you can easily automate such tasks as PO creation, order release, and receipt transactions. You can eliminate tedious manual input and free your team for more profitable pursuits. But …
REPAY Streamlines Your AR and AP Payments
At REPAY, we are constantly innovating to bring you next-generation payment integration solutions. We have provided Accounts Receivable (AR) payment options to help you meet customer expectations and get paid quickly and seamlessly for years. We’ve recently added an Accounts Payable (AP) Vendor Bill Payment Automation solution, completing the circle and helping customers to eliminate …
NetSuite and SourceDay Helped Winky Lux Scale Despite 2020 Disruptions
There’s no denying that disruptions caused by the COVID pandemic drastically affected many manufacturers and suppliers. And while we hoped it was just a bump in the road, it seems that slowdowns and other supply factors are still an issue today. But we’ve learned some valuable lessons over the last two years, and many suppliers …
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Three KPIs to Support Your Financial Goals in 2022
According to one study, it takes approximately 11 days to obtain approval for one invoice. Inaccessibility to documents and reliance on informal systems such as emails and spreadsheets contributes to a slow processing cycle, which leads to delayed payments, late fees, missed early discounts, and strained relationships with vendors.
Overcoming Supplier Management Challenges
Admittedly, every company has unique supplier management challenges. However, some issues are common denominators in every industry. Since our customers span many industry verticals, Colby Young, VP of SourceDay’s NetSuite Business Unit, and Christine McAvoy, Director of Customer Success, recently co-hosted a webinar to share some of their success stories. These illustrate how a properly …
The Most Shocking Tales of Finance Fraud in 2021
Incidents of scams have been soaring and fraudsters are becoming more sophisticated. Cases of attempted digital fraud rose by 25.07% in the first quarter of 2021.
