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How AI Is Reshaping Accounts Payable Processing

Efficiently managing accounts payable can be a complex and time-consuming task for many organizations. Manually processing invoices can lead to inefficiencies, payment delays, and potential errors that negatively impact vendor relationships. Artificial intelligence (AI) is changing how businesses manage accounts payable by making the process more efficient and reliable. This advanced technology enhances accuracy, security,…

When and Why You Should Outsource Accounts Payable

In-house management of accounts payable presents a formidable challenge: staffing. Finding and retaining skilled employees dedicated to AP tasks is a persistent struggle for companies of all sizes. The demand for expertise in this field often leads to skilled AP staff being redirected to higher-priority tasks, impacting the efficiency and accuracy of the entire AP…

Safeguarding Your Business Against Accounts Payable Fraud

Strong and consistent oversight in accounts payable is essential to deter fraud. The risks increase exponentially when only one person manages invoice receipt, processing, and payment. This is why it’s essential to have checks and balances in place. While accounts payable fraud risks can never be fully eliminated, businesses can significantly mitigate them through proper…

How to Manage the Accounts Payable Process in 2024

Businesses today commonly encounter accounts payable problems that include invoice mistakes, undetected fraud, and cash flow management issues. Remote workforces and rapidly growing transaction volumes can quickly overwhelm old processing systems. These mounting AP struggles lead companies to seek outsourced help. ILM Corp offers comprehensive AP management solutions tailored to modern business needs. Our approach…

How Much Do Digital Mailroom Services Cost?

In the post-COVID business world, a digital mailroom has gone from a smart move for forward-thinking companies to an indispensable part of the hybrid workplace. While the digitization of your incoming and intra-office communications is now hard to avoid, it’s important to understand the likely investments this will require. Cononsidering switching to a digital mailroom…

Mailroom Management Best Practices

Your company mailroom serves as the communication nerve center of your business, handling more than just physical mail. Emails, faxes, and courier packages like FedEx and UPS all fall under its umbrella. Without efficient inbound and outbound mail management practices, things can quickly descend into chaos and disorganization. Improving efficiency can significantly influence productivity, security,…

The Benefits of Mailroom Automation

The remote work revolution has turned mailroom automation from a CTO pet project into a core function of the modern hybrid or fully distributed organization. With staff more likely to be scattered across the world than sitting in cubicles, making sure critical correspondence reaches the right hands quickly and securely has never been more important.…

6 Benefits of Document Indexing and Scanning

Modern-day businesses generate a tremendous amount of paperwork. Invoices, employee files, and health records are just a few of the many types of documents that often require long-term storage. Maintaining a large repository can lead to many challenges, such as missing or physically damaged files and privacy issues. Your business may also be wasting valuable…