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The major benefits of AP Automation.

Airbase

Features of AP automation software. The importance and evolution of accounts payable. Traditional benefits of accounts payable automation. 1) Automating mundane tasks for increased productivity. 7) Audit trail transparency. 7) Audit trail transparency. 4) Payment cycles.

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AP automation best practices for 2024 and beyond.

Airbase

Assessment and mapping: Integration with financial systems: Document capture and validation: Exception handling: Mobile accessibility: Real-time notifications: Audit trails and reporting: Integration with payment systems: Continuous improvement: Early -payment discounts: 9) Leverage real-time analytics. 5) Maintain vendor communication.

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The treasury function: Its role in protecting financial resources.

Airbase

Are experiencing rapid growth and need to manage the financing of that growth. In smaller companies, the main duties of the treasury function are typically fulfilled by someone in the finance department who fits them all in with their other responsibilities. Financing: Financing must be closely monitored.

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Professionals on the Move: Feb. 2024

CPA Practice

Caché Heidel , Tax Senior Manager, spent more than half of her 11-year career with a Big 4 accounting firm, helping her clients launch successful IPOs, emerge from bankruptcy and complete large transactions. Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

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Professionals on the Move: Feb. 2024

CPA Practice

Caché Heidel , Tax Senior Manager, spent more than half of her 11-year career with a Big 4 accounting firm, helping her clients launch successful IPOs, emerge from bankruptcy and complete large transactions. Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

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Accounts Payable Outsourcing vs. AP Automation: Which is Better for Your Business?

MineralTree

For example, many businesses incorporate AP automation , e-invoicing, and other digital tools to quickly gain an edge over their competitors. Offloading and outsourcing AP tasks to avoid retraining teams or hiring more staff is another method used by finance teams to modernize their back office. What Is Accounts Payable Automation?

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Strategies for Companies Facing an Economic Downturn & Inflation

MineralTree

Modern finance teams face a multitude of challenges. In this article, we will explore the risks of inflation and recession, along with ways finance teams can mitigate these risks and recession-proof their business. In this section, we will explore seven strategies to help finance teams recession-proof their business.