ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Over 40 years ago, renowned management consultant Peter Drucker said, “What gets measured gets improved.” That concept is still true today, and it applies to accounts payable processing. The questions for CFOs and Controllers are “What do I measure?” and “How do I know if my numbers are great or just okay?” The key to […] The post Key Benchmarks to Measure the Effectiveness of your Accounts Payabl...

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Bank reconciliation is a necessary but often painful process that companies should regularly complete for cash management purposes. Without an accurate picture of your company’s financial state, you could end up bouncing payments, incurring late payment fees, or end up with insufficient fund charges.  Your staff should be diligent in their record keeping to maintain […] The post How AP Automation ...

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • By now, most businesses are capitalizing on improved automation solutions for their AP processes. From processing invoices all the way to paying vendors, the AP department faces a lot of challenges that can be solved through innovative automation solutions. But what exactly does this mean? Streamlining processes through automation involves understanding organization needs and smoothly […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Improving the AP department and its processes is something many businesses work hard to achieve. With the promise of faster invoice turnaround, better visibility, and cost reduction, companies are spending a lot of time and money trying to streamline their accounts payable. Your company should be no exception, but streamlining AP processes can be as […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Receiving an invoice is the first step in the AP department payment process, but businesses may not understand all the steps necessary in receiving, verifying, and tracking those invoices. It can be a complicated process and involves many steps that are crucial in maintaining accurate financial records. Manual invoice processes can present challenges to staff […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Your AP department is responsible for the entire scope of a payment’s life-cycle, which has its share of challenges and inefficiencies. Many of these problems begin with receiving and approving invoice payments. From costly paperwork to data entry mistakes, a lot can happen between receiving and paying an invoice to delay payment. Mistakes like these […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Accounts payable departments are involved in every aspect of a payment’s life-cycle, which starts with receiving an invoice. No matter the size of your company, processing invoices can be tedious and frustrating, since a delay during any step can cause significant payment problems down the road. In an effort to maintain positive vendor relationships and […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Bank reconciliation is a necessary but painful process. Companies should regularly complete this process for cash management purposes. Without an accurate picture of your company’s financial state, you could end up bouncing payments, incurring late payment fees, or end up with insufficient fund charges. Staff needs to sort out problems found during this process immediately, […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Improving payment security is a major priority for every company, whether they process transactions digitally or rely on manual paper processes to track expenses. There is a good reason to be preoccupied with security: online cyber attacks on companies are on the rise, and innovative technology is struggling to keep up. Though these facts seem […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Today, Accounts Payable Automation and more specifically improving B2B vendor payments is an issue on everyone’s mind. Both buyers and vendors are looking for ways to make the payment process less expensive, more efficient, and more secure. Virtual credit cards are becoming a more popular form of payment due to the significant benefits for both […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Your Accounts Payable department is responsible for some of the most important facets of your company: managing your finances, maximizing your cash-flow, and keeping your vendors and suppliers happy. Accounts Payable automation is a great way to increase the speed and efficiency of the entire process from invoice processing all the way to vendor payments. […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Many companies make decisions about partnerships and new technologies based on cost-analysis breakdowns. Since most strategic business goals focus on generating revenue, this makes sense. But sometimes choosing the least expensive option does not always offer the best long-term benefits. Selecting a reliable payment platform, for example, can affect the way your business runs for […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Your Accounts Payable department is responsible for arguably the most important facet of your company: its finances. Streamlining your AP process is a great way to increase the speed and efficiency of processing payments. If you are looking to tackle some of your AP’s biggest challenges, it is important first to understand what they are […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Let’s face it: with so many businesses relying on digital means of transferring funds to pay vendors or other businesses, fraud and security breaches are becoming increasingly common. Relying on secure methods of payment is the first step in ensuring your business is avoiding scams. But what options are available? Using a positive pay system […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • In our previous post about AP automation, Streamline Your Business with Accounts Payable Automation, we define the term “accounts payable” and describe the way in which you can automate this aspect of your finances.  Automation is the way of the future, allowing companies to focus on running their business rather than spending time with manual […] The post Why Your Company Should Be Automating Its...

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Manually tracking money owed for products or services can often be overwhelming and frustrating, especially if your business makes purchases on a regular basis. You want to avoid missed payments at all cost and need an entirely accurate, precise method for keeping up with your debts and credits. Automated Accounts Payable just might be your […] The post Streamline Your Business with Accounts Payab...

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Understanding the difference between payment types can often be tricky, as there are so many options for businesses to process transactions. In our previous Payments 101 series, we defined several different methods of B2B payment and outlined overall accounts payable processes to lay the foundation for making important financial decisions for your business. In this […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • For both business and personal use, credit cards offer a way to make large purchases on credit and put off payment to a later date. Many businesses use credit cards for upfront purchases if they do not have the immediate funds needed, which can be costly based on interest rates or payment schedules. Accepting credit […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post

ACH vs. Wire Transfer

  • Speed and security are two factors most important to businesses looking for a reliable payment method. Whether your business is looking for a highly secure payment method or the ability to transfer funds immediately, consider looking at ACH payments or wire transfers. Both of these electronic payment methods utilize bank account or personal information, which […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post

ACH vs. EFT

  • ACH transfers and EFTs are popular methods of transferring money between businesses, vendors, and consumers. Electronic payments have made transferring funds much easier, making online services and goods much more accessible to both individuals and businesses. Understanding these two methods of payment can be tricky because they are both types of digitally-initiated money transfers. The […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post

ACH vs. Direct Deposit

  • Direct deposit is a type of payment sent through the Automated Clearing House network, much like ACH debit or credit transactions. For employees, direct deposit is a quick and flexible way to be paid. Since direct deposit relies on bank account information, employees or vendors can direct payment into different types of accounts like savings […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post

ACH vs. eCheck

  • With so many business processes shifting to digital systems, it makes sense for traditional paper checks and banking methods to follow suit. Processing payments through the ACH Network is a popular way to pay invoices electronically and securely, but what about companies accustomed to the security of writing a paper check? Issuing checks through the […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post

ACH vs. Virtual Cards

  • Simplifying payment processing and streamlining accounts payable departments are two ways you can save your business time and money, which is always a worthy goal. If your business is looking for the best solutions to processing secure payment to vendors, clients, and other businesses, then you may have already heard about ACH payments or Virtual […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post

ACH Positive Pay

  • Positive pay refers to online fraud mitigation tools available to protect transactions made through paper or electronic checks. In this article we are specifically looking at ACH positive pay and the way in which it can help your business protect itself.   What is ACH Positive Pay? ACH Positive Pay is a fraud detection and […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Determining the type of payment system your business uses in B2B transactions is not always easy. There are so many different ways to transfer funds and process payments, and it can be overwhelming trying to figure out which one is right for your business. Whether you are a business that handles a high volume of […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Virtual cards are becoming increasingly popular as a better business-to-business payment solution. The name describes its biggest feature: it is a card that exists only in the online world. Virtual cards are tied to actual card numbers and bank accounts, but allow companies to maintain better control over their use, set limits, and maintain additional […]

ACOM Solutions, Inc.
ACOM Solutions, Inc.
Blog Post
  • Sending reliable payments in a timely manner is important to keep your vendors happy and maintain positive relations with them. Sending payment from one business to another can cause problems whether the funds are transferred electronically or by paper check; however, ACH provides your business with the ability to adjust payments, reverse payments due to […] The post Sending Electronic Payments to...

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