CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal. Almost half (45%) of firms looking to hire anticipate hiring challenges and delays.

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

Accounting Insight

MARCH 17, 2023

To help curb the effect of inflation and recession on the bottom line, the key is to challenge the internal costs, more specifically, the internal costs of the purchasing chain and processes. One of the critical areas where we can do this is in our Accounts Payable (AP) process.

AP Automation 52

AP Automation AP Processes accounts payable Accounts Payable Automation 52

MineralTree

JUNE 29, 2023

This has caused challenges and delays across multiple stages of the AP workflow, including: invoice processing, payments, and reconciliation for 84% of the finance leaders. Savvy AP teams realize that strong vendor relationships and on-time payments are critical to a healthy supply chain.

AP Automation 76

AP Automation accounts payable accounting and finance Accounts Payable Automation 76

PYMNTS

NOVEMBER 21, 2018

Outsourcing key functions of the enterprise may allow professionals to finally turn their attention away from the minutiae of manual processes and toward more strategic, value-added activities. At the same time, corporates are at risk of significant losses – in money and productivity – by failing to fully embrace AP automation.

Technology 63

Technology AP Automation accounts payable Accounts Payable Automation 63

PYMNTS

AUGUST 17, 2018

Bots are marching steadily into the corporate accounting department as professionals feel more comfortable handing tasks to a machine. The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. “This is such new territory for everyone.”

Account 44

Account accountant accounted Technology 44

PYMNTS

AUGUST 17, 2020

Accounting departments, for example, suddenly had employees accessing highly sensitive data remotely via home Wi-Fi, without the data security extant in office-based accounting as we’ve long known it. And operations still using manual accounts payable (AP) methods are really rethinking things. “A And it won’t.

AP Automation 61

AP Automation Technology AP Processes accounts payable 61

PYMNTS

MAY 12, 2016

What’s next for enterprise mobility could be anyone’s guess, but some analysts have made their prediction: accounts payable. The firm broke it all down in a recent report: “ 3 Ways Mobile Solutions Address Today’s Top Accounts Payable Challenges.” Reducing Cycle Times. Streamlining Exceptions Resolution.

accounts payable 40

accounts payable AP Processes Technology Accounts Payable Automation 40

MineralTree

MARCH 16, 2023

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.

AP Automation 88

AP Automation accounts payable Technology Accounts Payable Automation 88

MineralTree

JUNE 1, 2023

Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

PYMNTS

DECEMBER 16, 2016

Though many financial institutions recognize the opportunity to help middle-market businesses automate their AP payments, they have not been able to fully capitalize on the opportunity. Here the elusive payments opportunity meets or, in fact, doesn’t meet, the elusive audience: accounts payable automation for middle-market firms.

Technology 61

Technology AP Processes accounts payable Accounts Payable Automation 61

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. To that end, Bottomline Technologies Vice President of Strategy and Product Bill Wardwell said, AP automation can help. The Digital Roadmap.

AP Automation 46

AP Automation Technology accounts payable Accounts Payable Automation 46