Inworks is on Twitter

https://twitter.com/InworksAP…

Think Your Revenue Cycle is Your Only Source of Income? Think Again!

Your accounts payable (AP) process provides fertile ground for new sources of revenue and cost saving. To maximize the revenue generated by your AP department, you should be able to answer “yes” to the following questions: Do you take advantage of commercial-card rebates when making supplier payments? Do you have…

Third Party Supplier Onboarding Increases Electronic Payments

Supplier participation is the key to a successful electronic payment (ePayables) program. Unfortunately, many banks and payment solution providers severely underperform in supplier onboarding, which consequently leaves the burden of supplier onboarding on the hospital. Yet selling suppliers on the benefits of ePayables is not one of the core competencies…

Leveraging a Payment Solution Provider to make ePayables Easy and Effective

The primary role of electronic payments (ePayables) is to improve the efficiency of the payables process. However, if the management of ePayables is a time consuming task for your AP clerks, it begs the question—are ePayables more or less efficient than paper checks? The answer is yes, if you…

From Invoice to Payment, The Benefits of a Single AP Services Provider

Many services providers have recently entered the accounts payable space. On the invoice management side, the provider offerings are as divergent as electronic invoicing, scanners, and workflow software. On the payment side, some providers manage ACH payments while others focus solely on Commercial-Card solutions. To achieve a truly paperless AP…

Increasing Supplier Penetration Through Payment Modality Diversity

How can hospitals grow their ePayables program? The key to a successful program is listening to the needs of your suppliers, and offering a variety of electronic payment methods to meet those individual needs. If a supplier has liquidity issues, they may be willing to accept a discount for early…