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Everyone is Predicting the Rise of Real ePayables

 
ePayables

What will that mean for your business?

 If you describe ePayables to anyone who hasn’t heard the term before, the first reaction is usually: “Why haven’t we already done this?” Yes, ePayables is simply an idea whose time has come, and in fact came a long time ago but doesn’t seem to have reached a critical implementation rate to ensure that it’s realistic for everyone. What does that mean? It means that we’re still seeing a broad range of ePayables solutions that still incorporate a lot of paper into the process.

Maybe all POs are created and submitted electronically, but the business is still required to issue paper checks. There are plenty of solutions that can provide great services and improved efficiency, but need to be customized heavily before they’re ready for each individual client. And then there are the broader problems, like a lack of standards when it comes to accounts payable. Invoicing, POs, and the processes that surround them can be unique for every single supplier or source. And software standards don’t exist.

So there are certainly challenges when it comes to implementing ePayables systems. But that doesn’t mean their time hasn’t come. Even if it takes a custom system to get your AP department as digitalized as possible, the benefits are clear and well worth the effort and costs of implementation.

Charlie Alsmiller

Throughout his career, Charlie Alsmiller has focused on customer problems in difficult industries such as Energy and Telecommunications. Prior to starting Appterra in 2005, Alsmiller was VP of Global Operations for Allegro Development, a leading provider of software for the energy sector. He has also served as president of OmniSpace Technologies, a leading SaaS provider that he founded in 1999. He spent over 10 years in the consulting world with Price Waterhouse and Deloitte Consulting, where he participated in a wide variety of projects for very high profile clients. Mr. Alsmiller holds a BBA from Baylor University in Management and Information Systems and a MBA from the University of Dallas in International Business. Specialties: Technology ventures, Enterprise Software, Contract Negotiation, International Operations, Private Equity, Product Management, Strategic Alliances, Software Implementation, Software Development

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