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 Does Accounts Payable Outsourcing Cost?

Staffing is one of the biggest challenges for companies nowadays. The tight labor market and other factors, businesses often don’t have enough staff to process all of their accounts payable (AP) paperwork. Outsourcing AP is a wise business decision that saves money, reduces manual error rates, and frees up staff to work on other mission-critical…

Accounts Payable Outsourcing vs. Software: Which is Better?

Incorporating software into your accounts payable (AP) processing should increase your office productivity—in theory. After all, the software can automate many manual processes and time-consuming tasks that would ordinarily require a human being to perform. However, it’s not as easy as subscribing to accounts payable software service and watching the efficiencies and savings roll in.…

Addressing 7 Accounts Payable Outsourcing Myths

Accounts payable outsourcing can help take the pressure off overstretched staff, but many managers still worry about privacy, control, and integration issues. Home or Away? Seven AP Outsourcing Myths Considered Good accounting staff can be hard to find, especially these days. Many business owners and managers are looking to outsource accounts payable (AP) functions to…