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.

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accounts payable AP Automation Account accountant 69

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

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.

Finance 98

Finance AP Automation Technology accounting and finance 98

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. If so, you’re not alone.

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accounts payable quickbooks AP Automation AP Processes 70

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However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. A manual approach slows down the payment process and increases the risk of errors and fraud while jeopardizing relationships with strategic vendors. Did you know?

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accounts payable AP Automation AP Processes Account 52

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?

Finance 91

Finance AP Automation Approval Workflows Technology 91

MineralTree

AUGUST 10, 2023

But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. Let’s review the role of accounts payable on cash flow and dive into best practices for optimizing cash flow.

accounts payable 76

accounts payable AP Automation Account accountant 76

CPA Practice

MARCH 9, 2023

a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. AvidXchange Holdings, Inc., Corelation”), the latest core processor for today’s credit union.

AP Automation 52

AP Automation Technology AP Processes accounts payable 52

CPA Practice

MARCH 9, 2023

a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. AvidXchange Holdings, Inc., Corelation”), the latest core processor for today’s credit union.

AP Automation 52

AP Automation Technology AP Processes accounts payable 52

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.

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AP Automation Construction Technology accounts payable 69

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

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

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

Technology 59

Technology accounts payable Accounts Payable Automation AP Automation 59

CPA Practice

MARCH 27, 2023

While many of these disruptions will continue to present challenges for the foreseeable future, forward-thinking finance leaders can embrace technology and services that will not only help them overcome these issues, but also achieve more efficient and profitable operations. Many continue to recruit and even backfill for these roles.

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AP Automation Technology accounts payable accounting and finance 114

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Those who work in finance or accounting roles can use the RegalPay technology directly from their workstations.

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AP Automation Technology accounts payable NetSuite 60

Accounting Insight

APRIL 30, 2024

On 15-16 May 2024, over ten thousand accountants and finance professionals from across the UK are expected to attend the show. 300+ software and service suppliers will be exhibiting and showcasing the best new products, tech, software, services and solutions in the world of accounting.

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AP Automation Expense Management accounts payable AP Processes 52

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. Improving the invoice approval processes can drastically reduce late payments.

accounts payable 52

accounts payable AP Automation Account accountant 52

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.

accounts payable 63

accounts payable AP Automation AP Processes Technology 63

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. What is a check run in accounts payable?

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AP Automation accounts payable Technology accounting and finance 78

PYMNTS

JULY 10, 2020

Money, therefore, remains tight, and SMBs need fast and precise insights into their finances and processes to help them make more informed spending decisions. These slow processes make it difficult for AP professionals to quickly pull up information on payment obligations, and they also present plenty of opportunities for human error.

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AP Automation Technology AP Processes accounting and finance 55

MineralTree

JANUARY 26, 2023

A provider that can deliver both AP automation software and managed services has become one of the most popular resources used to improve payment operations and unlock additional efficiencies. Payment Operations Today Today’s finance teams are under immense pressure to become more strategic.

AP Automation 75

AP Automation Technology AP Processes accounts payable 75

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Around The AP Automation World. Three-Way Invoice Matching Brews Up Better AP Processes.

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AP Automation AP Processes Technology accounts payable 79

MineralTree

MARCH 7, 2024

Optimizing your AP process QuickBooks is the obvious first choice for many small businesses seeking an accounting software solution. That’s why many finance teams have made the switch from QuickBooks to Sage Intacct. However, its reporting process can be cumbersome as it typically requires manual intervention with Excel.

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quickbooks AP Processes AP Automation Technology 52

MineralTree

NOVEMBER 9, 2023

This is especially important for accounts payable (AP) teams, where timely and accurate data flow is essential. ERP integration is the process of connecting various software systems like CRM systems, data analytics, and AI tools to the ERP, which serves as a centralized hub for storing data and streamlining processes.

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72

PYMNTS

APRIL 9, 2020

To help additional middle-market companies automate their accounts payable (AP) processes, MineralTree announced that it has grown its integration abilities, according to a press release. They also let finance departments work from any place where an internet connection is available. “By

AP Automation 76

AP Automation AP Processes Technology accounts payable 76

MineralTree

OCTOBER 5, 2023

Read on to learn the benefits of streamlining and optimizing the accounts payable month-end close process, including information on best practices and the role of automation in achieving operational excellence. What Is the Month-End Close Process in Finance?

AP Automation 76

AP Automation accounts payable AP Processes accounting and finance 76

PYMNTS

NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. However, as with so many back-office enterprise functions, AP is now shifting its reputation as one that can add value to businesses. “It’s about having a strong business case internally.”

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

MineralTree

DECEMBER 14, 2023

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. As a result, finance teams increase efficiency , while reducing manual tasks. manufacturer of personal and beauty care products.

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accounts payable AP Processes AP Automation Approval Workflows 66

MineralTree

MARCH 2, 2023

The world of finance is constantly evolving, and this year is no exception. The new year brings fresh challenges for CFOs and finance teams, specifically around strategizing methods to minimize the pressures of recession and inflation. Keep reading to learn about each of these challenges and how finance leaders can face them head-on.

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AP Automation Technology accounting and finance accounts payable 83

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. Why Now for AP in Retail. But what must AP teams do to strengthen these relationships ?

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accounts payable Retail Non-Profits Account 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

MineralTree

FEBRUARY 23, 2023

Cash flow forecasting is the process of projecting future cash inflows and outflows of a business. Businesses must account for all expected sales, expenses, loans or investments in order to accurately project their future amount of available cash. This results in added stress and disorganization for the AP team.

AP Automation 88

AP Automation accounting and finance AP Processes Finance 88

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. However, AP automation remains, in many cases, incomplete.

Technology 73

Technology AP Automation B2B accounts payable 73

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. A High-Level View Of AP Automation. But without automation, you don’t have any of those levers to pull. The Partnership Advantage.

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AP Automation accounts payable AP Processes accounting and finance 61

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But going it alone can quickly overwhelm a business. “It’s born digital. .”

Technology 63

Technology AP Automation accounts payable Accounts Payable Automation 63

MineralTree

MARCH 16, 2023

There are several tools that teams can use to move away from these manual and expensive processes. For example, many businesses incorporate AP automation , e-invoicing, and other digital tools to quickly gain an edge over their competitors. What are Today’s Challenges in AP? Keep reading to learn more.

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AP Automation accounts payable Technology Accounts Payable Automation 88

MineralTree

JANUARY 11, 2024

However, accounts payable (AP) automation can make electronic payments in ERP systems , like Netsuite, much easier. AP automation technology enables streamlined and error-free payment processing while maximizing the potential of NetSuite electronic payments and accelerating ROI.

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AP Automation NetSuite Technology AP Processes 81