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Tag: AP automation

Innovation vs. commoditization: understanding millennials in banking & financial services

My generation of 2.5 billion millennials around the world will soon have the collective capacity to generate $1.4 trillion of purchasing power by 2025. There are 92 million millennials in America today, the biggest generation in US history, even more than the Baby Boomers. It’s obvious why banks and financial service institutions are keeping a sharp eye on the millennial demographic. “One of the largest generations in history is about…

Understanding the intrinsic value of documents

We have all done it. Spent ages looking for that one document, with the name of that guy from the company with a funny name.  Was it an email, a PowerPoint presentation or a PDF? Why do we search for documents in the first place?  Usually it is to discover what information resides inside the document. But if we already have the document, shouldn’t we already know what it contains?…

Mobile-driven expense management as an accelerator for finance process automation

Automation is fast becoming a buzzword especially among knowledge workers who strive to minimize the need for manual labor in the accounts payable departments. It is easy to see why. Whether in large companies or in small companies and startups, expenses are an annoyance for both employers and employees. Today, up to 46 percent of businesses still depend on manual tools to manage expenses, according to T&E firm Certify. Among…

The inflection point. When companies make improvement changes in accounts payable

One of the most rewarding aspects of my work is being able to talk with organizational leaders about how, when and why they decide to improve their business processes. And while no two companies or situations are the same, overarching trends come to surface—trends that can provide valuable insight to decision makers at other organizations who may be nearing their own inflection point.  By Daneen Storc, Senior Product Marketing Manager at ABBYY. Awareness…