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How to Effectively Audit Accounts Payable

MineralTree

Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managing accounts payable processes can pose significant challenges.

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A Guide to AP Automation Technology

MineralTree

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

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Best Practices for Managing High-Volume Accounts Payable

MineralTree

However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. By adhering to AP best practices, businesses can enhance efficiency, improve accuracy, and streamline the entire AP process. Did you know?

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Accounts payable automation: the ultimate game changer for accounting firms

Accounting Insight

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.

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How to Conduct a Cash Flow Analysis

MineralTree

Cash Flow from Financing Financing cash flow accounts for cash raised or spent on financial activities like loans, share repurchases, dividends, and similar financial products. A proper cash flow statement has a defined accounting period and categorizes inflow and outflow of cash into operating, investing, and financing categories.

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AP Professionals Often Their Own Biggest Hurdle In Automation

PYMNTS

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.

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Overcoming The Sunk Cost Bias Against AP Modernization

PYMNTS

For businesses that continue to rely on paper and checks to manage accounts payable (AP) workflows, the reality is that working from home cannot support the legacy ways of paying vendors and managing spend.