PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B 116

B2B accounts payable AP Processes accounting and finance 116

MineralTree

DECEMBER 14, 2023

Accounts payable teams must either email or directly deliver invoices to the desks of decision makers. These include the following: Time Consuming: Invoice approval processes are traditionally manual, requiring accounts payable to follow up directly with decision makers and approvers.

accounts payable 66

accounts payable AP Processes AP Automation Approval Workflows 66

Anders CPA

FEBRUARY 5, 2024

About David Between his time in public accounting and corporate accounting, David has almost 20 years of experience across a variety of specialties and industries, including manufacturing, construction, real estate and not-for-profit. A Certified Public Accountant in the state of Missouri, David holds a B.S.

Missouri 59

Missouri Real Estate accounts payable public accounting 59

Basis 365

FEBRUARY 1, 2024

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial discipline.

accounting system 59

accounting system Account accountant accounted 59

PYMNTS

AUGUST 25, 2016

Accounting and consulting firm Crowe Horwath LLP says businesses face a balancing act when it comes to cash flow management. A recent research report by the firm explores how these professionals in the manufacturing sector are approaching the issue.

Manufacturing 40

Manufacturing accounts payable management accounting management accounts 40

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. Another great option is Lightyear , which focuses on automating Purchasing and Accounts Payable. These apps can help take away those manual workflows.

accounts payable 69

accounts payable Approval Workflows payroll Agriculture 69

CPA Practice

MARCH 27, 2024

That’s according to a new survey from Avalara of accounts payable departments, accounting, finance, and tax professionals that focus on managing use tax obligations. Avalara, Inc. , Use tax is an indirect tax levied on the use, storage, or consumption of tangible personal property or services, and is paid for by the purchaser.

Technology 69

Technology Tax audit accounts payable 69

ThomsonReuters

AUGUST 25, 2023

Take this example: Your business client purchased software in December 2022 to process payroll, accounts payable, and accounts receivable, but they didn’t put that software into service until January 2023. Depreciation and amortization are essentially the same concepts in accounting.

Tax 97

Tax Technology Manufacturing payroll 97

Simple Accounts

MARCH 30, 2022

Accounting is one of the most well-liked professions. The number of students choosing commerce as a major in college and accounting-related employment is on the rise. Companies, both big and small, are looking for the finest accountants. . Companies, both big and small, are looking for the finest accountants. .

Account 52

Account accountant accounted audit 52

PYMNTS

DECEMBER 24, 2020

Connected fitness product provider Peloton has moved to fix its manufacturing and order backlog challenge by buying Finland’s Precor. 83% : Share of business-to-business (B2B) companies that changed their accounts receivable processes between March and September 2020. Data: 2007 : Year the first Apple iPhone was launched.

B2B 74

B2B accounts payable Manufacturing Account 74

PYMNTS

APRIL 14, 2020

Businesses reliant on global supply chains and manufacturers in greatly impacted countries face new hurdles and must seek ways to acquire the items they need. Cleaning supplies manufacturers are also prioritizing creating the items that are in highest demand over those that are more niche. Businesses therefore must be on high alert.

accounts payable 119

accounts payable B2B Transportation Manufacturing 119

Ronika Khanna CPA,CA

JULY 14, 2023

A chart of accounts is the structural framework for any business accounting system. Similarly, a chart of accounts is a type of categorization arrangement for your financial data. Consequently, it is important to spend some time thinking about a chart of accounts that fits the profile of your business.

Account 52

Account accountant accounted quickbooks 52

PYMNTS

SEPTEMBER 14, 2020

As more manufacturers and other sellers migrate their sales strategies online, they're seeking to please online shoppers the same way Amazon has done for individual consumers. For brands and their manufacturers, Amazon can be a powerful influence. "The Amazon experience" is now a worn-out catchphrase in the world of B2B eCommerce.

B2B 107

B2B B2C Manufacturing accounts payable 107

PYMNTS

JUNE 17, 2020

To provide small companies with accounts payable (AP) automation, Medius is bringing its MediusGo invoice automation product to the American market. to get better in terms of accounts payable automated, citing research made before the entry of MediusGo in the U.S.

Technology 52

Technology AP Automation Accounts Payable Automation accounts payable 52

MineralTree

SEPTEMBER 7, 2023

Accounts payable (AP) teams have long struggled with manual invoice approvals that involve chasing down signatures and slogging through mountains of paperwork. manufacturer of personal and beauty care products. As a result, the manufacturer improved invoice accuracy and reduced processing times.

Approval Workflows 77

Approval Workflows AP Processes quickbooks Technology 77

PYMNTS

JANUARY 30, 2019

In manufacturing plants, call centers and many other workplaces, automation is the standard. However, when it comes to corporate accounting departments, automation is still the exception. Will they be able to capitalize on it by investing in accounts payable automation going forward? It is not from lack of interest.

AP Automation 62

AP Automation Technology Accounts Payable Automation accounts payable 62

Withum

OCTOBER 13, 2022

The AP automation offering will save time from PO to vendor payment through the entire accounts payable process. The CPQ tool creates a bill of materials (BOM) that can be leveraged within the NetSuite Manufacturing modules to finalize the build.

NetSuite 59

NetSuite AP Automation E-commerce Management Consulting 59

Withum

MARCH 15, 2023

This enhancement will particularly help accounting teams better understand the tasks that have been completed for the monthly close simply by pulling up the period close checklist and removing yet another manual checklist to keep track of outside of NetSuite. Add the Account field in the Result subtab to display the column on the result page.

NetSuite 105

NetSuite Accounts Payable Automation Technology AP Automation 105

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says.

AP Automation 52

AP Automation accounts payable Technology Healthcare 52

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details.

Construction 107

Construction accounts payable Pharmaceutical B2B 107

PYMNTS

OCTOBER 5, 2020

Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. Yet there’s a wide gulf between considering the great shift to digital B2B payments and actually making the leap.

Healthcare 130

Healthcare B2B Spend Management Tools accounts payable 130

PYMNTS

JANUARY 8, 2021

Since we can’t really define the current time period as “post-pandemic” with any confidence, corporates continue optimizing back-office systems by layering on nimble FinTech tools, seeking true end-to-end accounting configured for the changeable payments terrain of 2021.

Technology 61

Technology B2B accounts payable Manufacturing 61

Accounting Seed

MARCH 29, 2023

Topics Billing & revenue Payables & expenses General ledger Financial reporting Project accounting Multi-company Multi-currency Taxation Orders & inventory Billing & revenue Account / Customer Textbook Definition Customer master record used to record billing addresses, payment terms, etc.

general ledger 59

general ledger Non-Profits accounts payable Manufacturing 59

CTP

JUNE 10, 2022

An S corporation might have accounts receivable, notes receivable, or tax receivable. The business may also have fixed assets, such as manufacturing equipment, furniture, vehicles, or other tangible assets. So if the new owner is going to assume $10,000 of accounts payable, we would then take that $10,000 out of the purchase price.

Sales 93

Sales Tax income tax tax return 93

MineralTree

JANUARY 26, 2023

This is one key reason why Accounts Payable was reported as the top digitization priority for the back office for the last two years. MineralTree helped both AP staff members save 80% of the time we used to spend on our manual process,” said Ruby Linkins, cCare’s Accounts Payable Specialist.

AP Automation 75

AP Automation Technology AP Processes accounts payable 75

PYMNTS

NOVEMBER 23, 2020

However, the food-centered ingredient manufacturer did have some of its U.S.-based The new strains on corporate buyers, due to the COVID-19 pandemic and its resulting economic downturn, could persuade them to more quickly replace manual accounts payable processes with digital ones. The acquiring company, Denmark-based Chr.

Technology 56

Technology AP Automation accounts payable accounting and finance 56

Xero

JUNE 16, 2022

Complex approval processes can hold up your accounts payable and receivable. One such app is Unleashed, which provides inventory management software built for manufacturers, wholesalers, and distributors across all industries. Streamline your workflow by automating your financial approval processes.

Technology 118

Technology accounts payable Manufacturing Tax 118

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

Cherry Bekaert

APRIL 23, 2024

Its practical applications range from suggesting the next sen­tence when crafting emails to producing lifelike animations, from enabling smart and interconnect­ed manufacturing robots to efficiently distribute workloads on assembly lines to predicting customers’ preferences or even helping land a plane.

Technology 134

Technology Manufacturing B2C accounts payable 134

CTP

JUNE 10, 2022

An S corporation might have accounts receivable, notes receivable, or tax receivable. The business may also have fixed assets, such as manufacturing equipment, furniture, vehicles, or other tangible assets. The balance sheet might include items like accounts or notes receivable, accounts or notes payable, and corporate debts.

Sales 52

Sales Tax income tax tax return 52

CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. from Robert Morris University.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

MineralTree

APRIL 6, 2023

They are commonly used within the finance department, including accounts payable , accounts receivable, and purchasing. They are especially critical for accounting teams; so much so that 89% of companies view them as a necessity for the department.

AP Automation 64

AP Automation Technology NetSuite quickbooks 64

PYMNTS

MAY 14, 2020

Sophisticated accounts payable (AP) tools that closely monitor invoices and payouts are thus critical to helping buyers ensure errors do not eat up funds. This means there are many opportunities for errors or fraud to slip into Argo Tea’s billing streams if its suppliers make mistakes and it does not catch them.

Technology 89

Technology Retail accounts payable Manufacturing 89

PYMNTS

APRIL 7, 2020

While some firms are adjusting the assembly lines of their manufacturing warehouses to produce much needed personal protective equipment, FinTechs have found themselves in a different position to provide valuable assistance. “No doubt, this will accelerate the digital transformation of business payments,” said Eberle.

AP Automation 66

AP Automation Technology accounts payable B2B 66

Snyder

JULY 29, 2022

The financial world of any business revolves around accounting – a complex system of recording and summarizing financial transactions, as well as analyzing, verifying and presenting the results in the form of various reports. Here we calculate debt, accounts payable (AP), wages and dividends a business has to pay, tax expenses, etc.

Non-Profits 52

Non-Profits E-commerce accounts payable accounting and finance 52

PYMNTS

JULY 16, 2020

Traditionally, eCommerce-as-a-Service solutions that target B2B vendors and manufacturers must be retrofitted to integrate with back-office functions like the enterprise resource planning (ERP) system. Back-To-Front. Driving Digitization.

B2B 59

B2B B2C accounts payable Manufacturing 59

PYMNTS

DECEMBER 16, 2019

For large corporates working with hundreds, sometimes thousands of manufacturers, the procure-to-pay processes is a long, drawn-out one, with plenty of room for data bottlenecks, errors and late payments. The financial consequences of manual RFQ and accounts payable processes can be significant.

AP Automation 53

AP Automation accounts payable B2B Manufacturing 53