Accounting Seed

FEBRUARY 6, 2024

[February 6, 2024] — Accounting Seed , the #1 accounting solution built on the Salesforce Platform, unveiled its first product offering of the new year, AP (Accounts Payable) Automation. Edenred Pay plays an integral part in bringing Accounting Seed’s AP Automation to market.

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MineralTree

SEPTEMBER 28, 2023

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity.

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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However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations.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

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.

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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.

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accounts payable quickbooks AP Automation AP Processes 75

Airbase

NOVEMBER 15, 2023

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. Table of Contents FirstHeading What is AP automation? Using AP automation software.

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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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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.

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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?

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Finance AP Automation Approval Workflows Technology 91

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.

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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

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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. Keep reading to learn more.

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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. The 2023 report includes responses from buyers and their vendors, presenting a complete view of the AP and payment automation landscape. “As

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Finance AP Automation AP Processes Approval Workflows 59

MineralTree

MARCH 30, 2023

Accounting for franchises is a complex web of responsibilities. Teams have to manage multiple entities, all the while maintaining consistency and streamlining processes across each location. Accounts payable (AP) automation has become a popular tool for franchises to overcome these obstacles.

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CPA Practice

DECEMBER 11, 2023

Add in the ongoing war in Ukraine, inflation, and rising interest rates and finance leaders find their departments squarely in the spotlight. In response, finance teams are keeping a close eye on their balance sheets, taking fewer risks, and focusing more on efficiency and value over growth.

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PYMNTS

APRIL 14, 2020

Legacy accounts receivable (AR) and accounts payable (AP) operations aren’t only inefficient, they’re costly. PYMNTS’ latest The Optimizing AP and AR Playbook , a collaboration with OnPay Solutions, found that businesses in the U.S.

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PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. The new solutions will go further toward transforming AP processes with automation.

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MineralTree

OCTOBER 26, 2023

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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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.

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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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Accounting Insight

JANUARY 8, 2024

The rise of invoice fraud will prompt closer collaboration between finance and security teams. To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process.

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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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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. Your team can easily pull invoices by due date to ensure they each get processed on time.

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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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CPA Practice

APRIL 24, 2023

Whether you’re in the midst of digital transformation or just beginning to explore, you’re probably seeing new opportunities to improve your company’s AP processes with the help of technology. Speak to the costs of manual invoice processing and the benefits of automating it. Build consensus for automation within your business.

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Cherry Bekaert

MARCH 22, 2024

For finance leadership and teams, this requires constantly analyzing, reforecasting, rethinking new data, and determining new approaches to drive business. Our collaboration can strengthen your organization by streamlining your financial processes and providing enhanced insight to optimize business performance.

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MineralTree

DECEMBER 22, 2022

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. APQC reports that industries using manual accounts payable invoice processing typically pay more in labor expenses.

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CPA Practice

SEPTEMBER 7, 2023

The newly-branded system will continue to offer businesses an all-in-one spending and expense management solution that combines free software with corporate cards to provide real-time visibility and customizable control over business finances. It also provides flexible ways to pay, bringing efficiency and visibility to financial operations.

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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. This ERP is easy-to-use and can help businesses fulfill many of their basic needs.

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Accounting Insight

JANUARY 17, 2024

A series of requests exploring data from 1 st August 2022 until 31 st July 2023, found that despite 100% of universities digitising their Accounts Payable (AP) processes, for example via email or online portals, many still cannot overcome invoicing challenges.

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PYMNTS

MARCH 31, 2020

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors.

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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. In fact, 62% of CFOs agree that this is not a good time for companies to take risks.

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CPA Practice

MARCH 17, 2023

When they enter middle school, you’ll hear a few say they’ll go into accounting, but “I want to be a finance major and get an MBA” — not to mention becoming a Chief Financial Officer — just isn’t in their vocabulary. It is simply not in their wheelhouse, nor can they focus all their time and energy outside the areas of finance.

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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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MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. In addition to meeting supplier expectations, choosing the right payment method can significantly improve the finance department’s efficiency and productivity. The cost of ACH payments typically ranges between $0.26

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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.

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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?

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