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. The announcement was made ahead of the accountancy and finance conference Accountex London.

Accounts Payable Automation 72

Accounts Payable Automation Technology accounts payable Account 72

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 QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. Does QuickBooks have automated workflows?

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

Dent Moses

APRIL 3, 2024

Expense reimbursement remains a significant challenge for many businesses in the accounting landscape. Expense reimbursement problems are commonly rooted in paper-based systems, which result in lost receipts, data entry errors, and delayed approvals. This is where your accounting firm becomes a valuable partner.

Expense Reimbursements 52

Expense Reimbursements Technology Approval Workflows accounting and finance 52

Dent Moses

APRIL 1, 2024

Expense reimbursement remains a significant challenge for many businesses in the accounting landscape. Expense reimbursement problems are commonly rooted in paper-based systems, which result in lost receipts, data entry errors, and delayed approvals. This is where your accounting firm becomes a valuable partner.

Expense Reimbursements 52

Expense Reimbursements Technology Approval Workflows accounting and finance 52

Airbase

DECEMBER 5, 2023

In Airbase, automated approval workflows guarantee adherence to company policies. Implementing automated approval workflows guarantees adherence to policies. 8) Submit the report to the appropriate department or supervisor for approval. It can be unclear who should approve something first.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

Airbase

OCTOBER 25, 2023

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. IDC recognizes the importance of this new approach: “Guided procurement applications provide an inviting approval workflow that is easily understood by all stakeholders in the approval chain.

accounts payable 130

accounts payable AP Automation Approval Workflows Technology 130

Lockstep

JANUARY 17, 2023

The Lockstep Team is excited to share some of the latest updates to the world’s first shared inbox designed for accounting, Lockstep Inbox. Collaborating across the accounting team has never been easier with @Mentions. Collaborating across the accounting team has never been easier with @Mentions. Approval Activity Improvements.

Approval Workflows 85

Approval Workflows Account accountant accounted 85

Airbase

FEBRUARY 23, 2023

Approval workflows: Customizable approval workflows ensure that the appropriate individuals approve POs and invoices before payment is made. Security: It’s more important than ever to look for robust security features to protect sensitive data, such as encryption and multi-factor authentication.

Approval Workflows 130

Approval Workflows Technology general ledger AP Processes 130

Xero

AUGUST 29, 2023

While there is technically an audit trail when the review and approval expenses take place via email, getting access to these sources of information can be a completely different story. There also needs to be a clear approval workflow outlined for employees. At the same time, you want to make expense reporting simple.

Approval Workflows 84

Approval Workflows general ledger audit Expense Management 84

CPA Practice

AUGUST 7, 2023

Administrators can set up approval workflows and custom rules, providing structure for employees and simplifying the reconciliation process for accountants. Expenses consolidates tools and minimizes the risk of error when reimbursing employees for out of pocket expenses.

Expense Management 94

Expense Management Expense Reimbursements Approval Workflows payroll 94

CPA Practice

JULY 24, 2023

Administrators can set up approval workflows and custom rules, providing structure for employees and simplifying the reconciliation process for accountants. Expenses consolidates tools and minimizes the risk of error when reimbursing employees for out of pocket expenses.

Expense Management 94

Expense Management Expense Reimbursements Approval Workflows payroll 94

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. Why you need AP automation.

AP Automation 130

AP Automation Technology accounts payable AP Processes 130

CPA Practice

OCTOBER 25, 2023

Bill, a financial operations platform for small and midsize businesses, has has added automation technology to help SMBs and accounting firms get better control and visibility of their accounts payable workflows. Small businesses and accountants move fast and want to focus on growing and managing their businesses.

quickbooks 59

quickbooks AP Processes Approval Workflows Technology 59

Airbase

NOVEMBER 1, 2023

Creating an effective expense policy involves several key considerations: Policies should be clear and easily understood, with specific categories, spending limits, and approval procedures. They should align with the organization’s financial objectives and culture, while promoting accountability and compliance. 7) E-procurement tools.

Expense Management 130

Expense Management Technology NetSuite Spend Management 130

Airbase

NOVEMBER 1, 2023

Creating an effective expense policy involves several key considerations: Policies should be clear and easily understood, with specific categories, spending limits, and approval procedures. They should align with the organization’s financial objectives and culture, while promoting accountability and compliance. 7) E-procurement tools.

Expense Management 130

Expense Management Technology NetSuite Approval Workflows 130

Airbase

JANUARY 13, 2023

3-way match is a process used in accounts payable to ensure that invoices are accurately matched to the correct purchase order and corresponding goods received note (also called the receiving report). Automated approval workflows. Does invoice automation help with 3-way match? 3-way matching.

Technology 130

Technology Approval Workflows NetSuite Spend Management 130

CPA Practice

DECEMBER 17, 2023

Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable. For those who have begun, the most digitized AP task is invoice approval/workflows (71%), followed by invoice data capture and coding (66%), payment execution (58%) and payment authorization (58%), among others.

AP Automation 132

AP Automation Finance AP Processes Approval Workflows 132

Airbase

MAY 15, 2023

As companies grow, the number of stakeholders in the purchasing process increases, which makes approval workflows and oversight responsibilities more complex. The challenge is building an accounts payable process that captures all required information, ensures compliance, and doesn’t slow down employees.

Approval Workflows 130

Approval Workflows Legal audit accounts payable 130

CPA Practice

NOVEMBER 14, 2023

used its annual QuickBooks Connect user conference in Las Vegas to announce QuickBooks Bill Pay , a new solution fully integrated within QuickBooks that transforms bill pay for businesses and delivers accounts payable automation. Intuit Inc. Intuit is the maker of TurboTax , Credit Karma , QuickBooks , and Mailchimp.

quickbooks 111

quickbooks AP Automation Accounts Payable Automation Approval Workflows 111

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). What is Accounts Payable Technology and What is its Role? Trends in Accounts Payable Technology Several key trends in AP technology have emerged as organizations navigate the post-COVID-19 business landscape.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

Airbase

JUNE 30, 2023

Balancing the competing demands of tighter budgets, environmental accountability, and business necessity requires greater visibility into travel arrangements. Money goes straight to their bank account. Research from TravelPerk shows that every dollar spent on travel leads to $12.50 in additional revenue.

NetSuite 130

NetSuite Expense Management Approval Workflows accounting and finance 130

MineralTree

NOVEMBER 30, 2023

With hiring freezes and budget cuts in play, it’s natural that 59% of finance leaders say doing more with less is a top issue for accounts payable (AP) teams in the current economic climate. Make It Easier to Approve Invoices Efficient invoice approval workflows are essential for preventing bottlenecks and simplifying financial operations.

Finance 91

Finance AP Automation Approval Workflows Technology 91

MineralTree

NOVEMBER 9, 2023

This is especially important for accounts payable (AP) teams, where timely and accurate data flow is essential. Features like automated invoice processing and payment approval workflows streamline AP processes both in a top-level or entity-level structure. More information on each of our ERP integrations can be found here.

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72

PYMNTS

NOVEMBER 2, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. To automate AP workflows, Palette's AP Automation for Aptean harnesses robotic process automation (RPA). 2) announcement.

AP Automation 56

AP Automation Technology Approval Workflows AP Processes 56

MineralTree

DECEMBER 14, 2023

What is Digital Invoice Approval? Digital invoice approval involves reviewing, approving, and processing invoices electronically prior to payment. An electronic approval workflow takes out the paper-based component of this process to improve transparency, allowing teams to accurately track the status of their invoices.

accounts payable 66

accounts payable AP Processes AP Automation Approval Workflows 66

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

AP Automation 69

AP Automation Construction Technology accounts payable 69

Lockstep

JUNE 15, 2022

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Your credit plan should cover rules, regulations, and procedures to manage daily operations, approval workflow, and resources. Accounts receivable automation elevates your payments strategy and reduces DSO by 30%.

Approval Workflows 89

Approval Workflows B2B Sales Account 89

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? From refining invoice approval workflows to embracing the digital shift, each step is a stride toward efficiency and precision. AP automation is crucial for modern finance teams to simplify payments and reduce manual steps associated with accounts payable.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

Airbase

MARCH 31, 2023

The customizable approval workflows and policies are extremely user-friendly/configurable to help meet our stakeholders’ and compliance requirements.” Ease of setup: 92 “Our favorite part about Airbase is how simple it is to set up and use for every stakeholder within our business, from individual sellers to the accounting team.”

AP Automation 130

AP Automation Spend Management Spend Management Platform Approval Workflows 130

Withum

JUNE 16, 2022

While some mistakes lead to growth, we do not want to see mistakes made regarding our company’s accounting. The outlier detection will note if an entry is coded to an unusual account or dimension. The approval workflow can be modified to determine who reviews those outliers detected. Accounts Payable Automation.

general ledger 59

general ledger Accounts Payable Automation Approval Workflows accounts payable 59

Xero

NOVEMBER 15, 2022

GoCardless – Automatically debit your customer’s bank account when your Xero invoices are due with this bank-to-bank payment method. With smart rules to automate expense categorisation and approvals, you’ll stay in control. Connecting your sales and accounting. Ideal for businesses that bill their customers on a recurring basis.

E-commerce 88

E-commerce Approval Workflows payroll Sales 88

MineralTree

SEPTEMBER 28, 2023

Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency. Why Productivity Matters in Finance Financial accounting productivity facilitates healthy cash flow.

Finance 78

Finance AP Automation AP Processes Technology 78

CPA Practice

OCTOBER 11, 2023

The 8th annual State of the AP Report, from MineralTree , a Global Payments (NYSE: GPN) company and accounts payable (AP) and payment automation solution provider, looked at progress in modernizing back-office finance processes for businesses amid the impact of multiple macroeconomic factors.

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

Xero

APRIL 16, 2023

Build new automated workflows Complex layers of approval processes can hold up your accounts payable and receivable, no matter how large your business is. These apps can help take away those manual workflows. Another great option is Lightyear , which focuses on automating Purchasing and Accounts Payable.

accounts payable 69

accounts payable Approval Workflows payroll Agriculture 69

Accounting Insight

FEBRUARY 16, 2023

How payroll expenses are processed Payroll, taxes, and National Insurance contributions (NIC) are typically deducted from the employee’s paycheck or the employer’s account. Our platform integrates with many major accounting software providers, such as Exact , Xero , and Quickbooks. And that’s it.

payroll 59

payroll Spend Management Solutions Expense Management accounting and finance 59

PYMNTS

JANUARY 30, 2019

However, when it comes to corporate accounting departments, automation is still the exception. Moreover, among all the ways businesses’ can improve their B2B payments, accounts payable (AP) automation stands out as one of the most promising and popular innovations on the market. It is not from lack of interest.

AP Automation 62

AP Automation Technology Accounts Payable Automation accounts payable 62

PYMNTS

MAY 20, 2020

“With the CashWire-Workday integration, Workday users will be able to instantaneously create wires and monitor payment status in real-time as wires move through the CashWire approval workflow,” Haslam said, according to the release.

Approval Workflows 58

Approval Workflows B2B account management accounting manager 58