CPA Practice

MAY 22, 2024

Manual processes also make it challenging to maintain regulatory compliance and ensure proper documentation for audits. Another key benefit of AP automation is enhanced visibility into cash flow. The digital audit trail provided by these systems makes regulatory compliance and audit preparation easier.

AP Processes 69

AP Processes Technology AP Automation accounts payable 69

PYMNTS

FEBRUARY 19, 2018

There are, of course, early adopters of AP automation, he said — typically younger companies that are smaller, which “look to automate everything,” said Amit. Beyond the early adopters who embrace new ways of doing things, other firms that find their way to AP automation do so by dint of an approach borne of urgency.

AP Automation 51

AP Automation Technology audit accounts payable 51

Airbase

NOVEMBER 1, 2023

With auto-enforced spend controls, embedded policies to enforce receipts and track budgets, automated coding and categorization, Airbase’s AI-driven Expense Management streamlines the whole process, saving time and reducing errors. AI and audit readiness. AP Automation Tour Explore 3-way matching in our AP Automation Product tour.

Expense Management 130

Expense Management AP Automation Technology audit 130

MineralTree

MARCH 30, 2023

Accounts payable (AP) automation has become a popular tool for franchises to overcome these obstacles. In this article, we will discuss the challenges associated with franchise accounting and how AP automation helps solve them. It also provides a better audit trail than manual methods.

AP Automation 79

AP Automation Account accountant accounted 79

Airbase

NOVEMBER 15, 2023

View Airbase transactions right in NetSuite, with one-click access to the entire audit trail in Airbase. Improve security and auditability by reviewing any requests to change vendor information made by your team. AP Automation Tour Explore 3-way matching in our AP Automation Product tour. Custom PO number.

NetSuite 130

NetSuite AP Automation Expense Management Spend Management 130

MineralTree

JANUARY 18, 2024

To achieve this, it’s important to complete a holistic analysis of your existing AP process. In most cases, the next step involves digitizing and automating AP processes. According to MineralTree’s 2023 State of AP Report , AP is the top digitization priority for finance professionals.

accounts payable 80

accounts payable AP Processes AP Automation Account 80

MineralTree

NOVEMBER 30, 2023

As the need to drive efficiency grows, many teams are looking to technology to digitize and automate their workflows. The right AP automation solutions can help finance departments not only eliminate tedious, manual work but also streamline their processes and stay compliant with evolving regulations.

Finance 91

Finance AP Automation Approval Workflows Technology 91

PYMNTS

OCTOBER 22, 2019

The solutions are designed to reduce reliance on manual processes to automate accounts payable, payments and reporting, with AvidXchange pointing to heightened financial control and visibility for healthcare and social services firms.

AP Automation 40

AP Automation Healthcare Technology accounts payable 40

MineralTree

DECEMBER 29, 2022

For example, teams with AP automation can schedule payments in advance, in order to maximize their DPO without impacting supplier relationships. AP teams can also determine how to better optimize the payment mix to take advantage of early payment discounts and virtual card rebates. Simplify Audits. Reduce Human Error.

AP Automation 52

AP Automation Technology accounting and finance audit 52

MineralTree

DECEMBER 15, 2022

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. As a result, it is important that AP teams comply with relevant regulations and standards. Here are the top three risks AP teams face with poor compliance. Tiresome, Expensive Audits. Let’s take a closer look.

accounts payable 52

accounts payable AP Automation Account accountant 52

Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. Entering payments. Approving expenses.

Accounts Payable Automation 52

Accounts Payable Automation accounts payable Technology accounting firms 52

Airbase

DECEMBER 6, 2023

Fortunately, they already used Airbase for their AP Automation — and the promise of a procurement module was a big draw. A cleaner audit trail: Airbase’s ability to automatically create an audit trail for every transaction is essential for Doximity — and their auditors appreciate it. “Our

NetSuite 130

NetSuite NetSuite Integration accounting and finance AP Automation 130

Ryan Lazanis

APRIL 4, 2022

Accounts payable automation or AP automation tools show you useful data like how much you’re paying (in total) based on vendor, product type, and just about any other category. An AP automation software will likely be much quicker to resolve any sort of payable issue. Quick Audits. Preserved Data.

accounts payable 96

accounts payable Technology Accounts Payable Automation AP Automation 96

PYMNTS

AUGUST 16, 2020

Trintech is also helping increase companies’ speed at resolving audits and going through manual period end-close activities through the addition of two new APIs: Cadency GL Reconciliations API and Cadency Close Task Field API. Companies adding more virtual card options and AP automation could see greater gains in controlling costs.

AP Automation 67

AP Automation Account accountant accounted 67

PYMNTS

JANUARY 17, 2018

People are realizing that data entry and personnel can’t suffice anymore,” Israch said, citing fraud, tax and audit risks present in all commerce, but especially in commerce that crosses borders. Across the board, he said, CFOs and executives are realizing that they can’t keep up just by throwing more bodies at the problem.

AP Automation 40

AP Automation Accounts Payable Automation accounts payable accounting and finance 40

MineralTree

JANUARY 5, 2023

The switch to an AP automation solution grants them more visibility into the payment process, while allowing their team to scale the business. They were also able to leverage AP analytics to make better business decisions. Increase Efficiencies – Teams with AP automation unlock tremendous efficiency gains.

Finance 55

Finance AP Automation Technology accounting and finance 55

ThomsonReuters

NOVEMBER 16, 2023

For tax departments, complying with CTC regulations means transitioning away from the traditional, post-audit method of tax reporting, in which auditors collect, compile, and report transaction information in batches, long after the transactions have taken place.

Tax 59

Tax Technology AP Automation accounts payable 59

PYMNTS

OCTOBER 28, 2020

Plus, a new FinTech, OpenEnvoy, launches to combat B2B payments fraud, while PCMI collaborates on B2B payments automation, and OpenPayd launches an FX-as-a-Service solution. REPAY Inks Deal For B2B AP Automation Firm CPS. OpenEnvoy Launches To Provide B2B Invoice Auditing. 27) announcement. 27) announcement.

B2B 56

B2B Accounts Payable Automation AP Automation accounts payable 56

PYMNTS

AUGUST 9, 2020

The service will “drive the efficiency of purchasing, invoicing and auditing for both members and suppliers of CHAMPS GPO,” the release says. Rusty Zosel , Procurement Partners chief executive, said the company looked forward “to bringing significant cost savings, compliance, and efficiencies through automation to them for years to come.”.

AP Automation 58

AP Automation Approval Workflows audit B2B 58

CPA Practice

MAY 17, 2024

And I don’t care what part of your practice, you’re thinking about whether it’s tax audit, or client accounting services, if you’re keen data, that’s a problem. You know, there are many other AP automation platforms out there, we even have people that are making up their own. I need the detail.

Technology 52

Technology Account accountant accounted 52

PYMNTS

AUGUST 21, 2019

AP automation has been available in one form or another for more than 20 years, said Flynn. While AP automation solutions help to minimize and sometimes eliminate these manual steps, historically these solutions have been complex, expensive and difficult to configure, install, use and maintain. The Compliance Factor.

AP Processes 46

AP Processes AP Automation accounts payable Technology 46

MineralTree

APRIL 13, 2023

The right tools like an AP automation solution, will reduce duplicate payments , leading to better vendor relationships and more efficiency across the AP team. Reduce duplicate payments Duplicate payments are a costly and time-consuming line item for businesses.

accounts payable 84

accounts payable Accounts Payable Automation AP Automation accounting and finance 84

PYMNTS

NOVEMBER 26, 2019

Organizations evaluating the return on investment (ROI) of accounts payable (AP) automation find obvious benefits from cost savings, early payment discounts and rebate-earning opportunities. Take the freight bill audit pay process for carrier invoices, for example.

AP Automation 52

AP Automation Technology B2B accounts payable 52

PYMNTS

APRIL 10, 2018

NetSuite has its own PO creation capability, but the integration enables users to streamline their complete accounts payable (AP) workflow.

NetSuite Integration 53

NetSuite Integration NetSuite AP Automation accounts payable 53

PYMNTS

JUNE 22, 2017

Finding where those errors are via manual auditing can be a headache, too. AEPX uses the information found within its own clients’ systems, in addition to APEX’s own collected data, meaning something as straight-forward as identifying which supplier contact information is the best to use can be automated.

accounts payable 48

accounts payable Technology audit accounting and finance 48

PYMNTS

JUNE 1, 2016

But MineralTree added that manual AP processes mean corporations run the risk of actually paying an invoice twice, a problem that can take weeks to fix. An even more long-term impact of manual AP solutions comes during tax season and auditing.

accounts payable 40

accounts payable AP Processes Account accountant 40

PYMNTS

AUGUST 5, 2016

But Tucker pointed out that, even outside the enterprise , a company’s automated accounting tool will make its mark on other entities. Take auditing for instance. .” From treasury management to sales teams, access to data from the accounting unit might offer guidance that was previously unattainable.

Technology 42

Technology Account accountant accounted 42

PYMNTS

MAY 12, 2016

According to Esker, that demand comes with an increasing need not only for transparency but for faster insight into the data AP professionals seek. Beyond exceptions, a lack of visibility means friction in addressing supplier inquiries, auditing and budgeting.

accounts payable 40

accounts payable AP Processes Technology Accounts Payable Automation 40