Unveiling the power of accounts payable automation
Accounting Today
JUNE 6, 2024
It's time finance and accounting leaders seriously considered automating AP functions and marking its place as a standard business practice.
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Accounting Today
JUNE 6, 2024
It's time finance and accounting leaders seriously considered automating AP functions and marking its place as a standard business practice.
Accounting Insight
NOVEMBER 7, 2023
The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. Customers will be able to choose the option that best suits them, ensuring the benefits of AP automation are available to all iplicit users.
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Accounting Insight
NOVEMBER 16, 2023
The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. Customers will be able to choose the option that best suits them, ensuring the benefits of AP automation are available to all iplicit users.
MineralTree
JANUARY 25, 2024
The past year in finance was riddled with economic uncertainty, accompanied by challenges like staffing constraints and the need to optimize efficiency with limited resources. For finance professionals, understanding this landscape is crucial. This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024.
CPA Practice
SEPTEMBER 27, 2023
For accounting firms, automation gathers scattered information and turns it into valuable insights. So, it should come as no surprise that firms using technology and software to streamline certain practices and processes are reaping the growth and financial benefits of automation.
CPA Practice
DECEMBER 20, 2023
Quadient and Xero , a cloud-based accounting software, have formed a strategic partnership in North America and the United Kingdom. Xero integrates with Quadient’s Accounts Payable (AP) capabilities to fully automate and streamline accounting processes. Xero helps 3.95 Xero helps 3.95
Airbase
NOVEMBER 29, 2023
Implementing accounts payable best practices can help your organization reduce risk, save time and money, foster strong vendor relationships, and create a better spend culture. You can better identify the best AP automation solution for your organization by following accounts payable best practices.
MineralTree
MARCH 14, 2024
However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. End-to-end automation enables businesses to efficiently process invoices and pay vendors quickly and easily. Manual data entry is also prone to error.
MineralTree
JANUARY 19, 2023
Inflation and rising interest rates have most firms worried about their cash flow, and thus, finance departments are doing all they can to reduce overhead and organizational inefficiencies in 2023. This is a direct result of firms’ risk aversion to invest in new technology amidst the current market.
ThomsonReuters
APRIL 6, 2023
Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?
MineralTree
OCTOBER 26, 2023
Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.
ThomsonReuters
APRIL 6, 2023
Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?
MineralTree
AUGUST 24, 2023
Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? The good news is that the right AP automation solution can enhance efficiency, accuracy, and control over the AP process. If so, you’re not alone.
PYMNTS
JULY 22, 2020
“Technological advancements have paved the way for businesses to adopt automated solutions in less than 30 days, with no massive ERP system upgrade projects required.”. Companies large and small that survive the pandemic won’t get fooled again, and are getting on-board with automation. Fool me once, shame on you. Fool me twice?
Accounting Insight
JANUARY 2, 2024
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, and Xero , a cloud-based accounting software for small to medium-sized enterprises, have today announced a strategic partnership in North America and the United Kingdom. Xero helps 3.95 Xero helps 3.95
MineralTree
DECEMBER 8, 2022
Our recent 2022 State of AP report confirmed what finance leaders have known for quite some time: labor-intensive processing tasks are overwhelming AP departments without enough employees to help. While Strategic Finance magazine identified AP as top priority for new hires, finding qualified candidates is no easy matter.
Accounting Seed
FEBRUARY 6, 2024
[February 6, 2024] — Accounting Seed , the #1 accounting solution built on the Salesforce Platform, unveiled its first product offering of the new year, AP (Accounts Payable) Automation. Automated Payment Distribution: Set it and forget it!
MineralTree
DECEMBER 1, 2022
The good news is that there are several ways your business can reduce overdue payments in your accounts payable department, and it starts with AP automation. This can make it more difficult and expensive to obtain financing in the future. Leverage the Aged Payables Report. Let’s take a closer look.
MineralTree
NOVEMBER 17, 2022
While savvy retailers promptly responded to changing customer behavior with new digital technology initiatives, other retailers still struggle with supply chain issues, accounts payable inefficiencies, and high costs, without enough staff to help. 4 Areas Where Retailers Lead in Accounts Payable.
Accounting Insight
MAY 26, 2023
Cloud accounting business iplicit and global Software as a Service business Lightyear have joined forces to provide an accounts payable solution that can drastically cut the time and costs involved in the manual accounts payable process.
CPA Practice
AUGUST 14, 2023
The lingering (although receding) risk of a recession, stubborn inflation trends, economic policy debates, and geopolitical instability all create challenges for businesses and their finance teams. This unpredictability requires businesses to ensure maximum efficiency in their finance operations.
CPA Practice
JANUARY 23, 2023
Accounts payable (AP) teams are stuck on a hamster wheel, always having to scramble to get payments out the door and then reconciling them on the back end. They’re dealing with a lot of manual work and multiple partially-automated, partially-integrated systems. There are also mindshare costs.
PYMNTS
NOVEMBER 15, 2018
A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.
PYMNTS
JULY 3, 2020
Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “The finance function, historically, hasn’t been managed in a remote working environment,” he said. ” Offering the Right Tools. .
Accounting Insight
JANUARY 8, 2024
The rise of invoice fraud will prompt closer collaboration between finance and security teams. To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process.
Accounting Seed
JANUARY 9, 2024
You can’t reach major business milestones if your accounting processes and technologies are outdated. Here are the top 5 tips for better accounting processes in 2024, and the ways Accounting Seed on Salesforce can support you along the way. Embrace Automation Technologies: We get it. The hard truth?
Cherry Bekaert
FEBRUARY 26, 2024
Contributor: Veronica Vannoy Cherry Bekaert offers outsourced accounting services to businesses that want to reduce costs, improve efficiency and focus on core operations. Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security.
Cherry Bekaert
OCTOBER 5, 2023
Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. 1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.
CPA Practice
OCTOBER 3, 2023
Stampli , a provider of AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.
CPA Practice
MARCH 18, 2024
Quadient is expanding its Quadient Experience Partner Program to include the company’s financial automation solutions. Currently, more than 100 business and technology partners collaborate with Quadient on delivering and integrating with the company’s CCM and document automation solutions, Quadient Inspire and Quadient Impress.
PYMNTS
MARCH 31, 2020
To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. ” Tipalti Pi is created to help during the payable process such as by optimizing payables workflow. .”
Lockstep
JANUARY 4, 2023
If you manage accounts receivable (AR) and accounts payable (AP) for your business, you know how important it is to have a system in place to keep track of all incoming and outgoing payments. A shared accounting inbox can be a great way to do this, as it allows both AR and AP managers to see all payments in one place.
PYMNTS
AUGUST 8, 2019
The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Data is key to addressing those pain points like identifying instances of fraud or promoting automated reconciliation.
MineralTree
SEPTEMBER 28, 2023
Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.
Ryan Lazanis
SEPTEMBER 1, 2023
If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.
MineralTree
NOVEMBER 30, 2023
Maintaining finance department efficiency is a constant challenge, especially for teams that rely on legacy technology and manual processes. The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. What are the Challenges in Finance?
Snyder
JULY 13, 2022
The accounting industry has undergone some serious technical changes due to technological advancements but first and foremost due to a global pandemic. Accounting firms have been forced to drastically change working environments and the way they work, as well as reconsider the services they provide. Contents: 1.
inDinero Accounting
JULY 2, 2021
Automated accounting saves time on, well, counting, and sorting, comparing, and categorizing data. Instead, automating such tasks enables accounting professionals to focus on building scenarios, testing for desired outcomes, and advising business decisions with richer insight. Automating accounting affects your business.
PYMNTS
JANUARY 14, 2021
The adoption of multiple platforms is giving rise to so-called "app fatigue," and the challenge of integrating these technologies with each other is not always easily overcome. Data integration is foundational to achieving an optimal level of automation in any workflow in the enterprise. Driving Finance Automation.
Ryan Lazanis
APRIL 18, 2023
Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?
Airbase
OCTOBER 23, 2023
In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Benefits of automating 3-way matching. Goods receipt note.
CPA Practice
MARCH 27, 2024
a provider of cloud-based tax compliance automation for businesses of all sizes, today released findings from a new survey of The survey findings reveal that A majority of businesses believe that use tax is challenging, with many indicating the cost of managing use tax obligations is high for their business. Avalara, Inc. ,
PYMNTS
JUNE 21, 2016
The heat of competition has hit record levels in the financial services and technology space. If corporate treasurers and CFOs want to help their businesses grow, they must now think strategically and use the technologies to support their goals. “They want it automated. . “They want it automated.
PYMNTS
JULY 3, 2018
New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. The Past – and Future – of AP Tech Adoption. The Past – and Future – of AP Tech Adoption.
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