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Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. Users can accept contactless cards and digital wallets; and automatically reconcile payments in Sage Accounting. All rights reserved.
Doximity’s journey to Airbase. Public company Doximity has transformed its procurement — thanks to Airbase’s Guided Procurement module. “The Speaking with Michael at a recent Ascent webinar, Alex explained the challenges Doximity faced with procurement and how Airbase has helped. Doximity’s journey to Airbase.
Airbase is the highest-ranked mid-market spend management platform on G2 for the fourth quarter in a row! The fact that I find Airbase delightful to use was such a surprise to me.” Likelihood to recommend: 96 — thanks to reviews like this: “I highly recommend Airbase as a spend management platform.
In other words, moving to a continuous close is a cultural change and a shift in accounting procedures However, the monthly close has long been a cornerstone of accounting practice. It’s possible to simplify and shorten a monthly close by drawing on the concepts of continuous accounting. And why now?
Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase
Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase.
These errors force accounting teams into troubleshooting mode, often when the pressure is on to get the books closed. Because of these serious consequences, we take sync errors very seriously here at Airbase, with concerted and ongoing efforts to minimize them toward zero. What do I need to know about sync errors?
Virtual cards are a game-changer for accounts payable departments. David Coffman, VP Finance at Doximity, says Airbase virtual cards play an integral role in cutting the company’s time-to-close in half. But the software behind the transaction creates the magic, and in Airbase, it comes down to the workflows.
In fact, the Wall Street Journal reports that more than 300,000 accountants and auditors quit over the last two years, and the effects of those losses can be significant. The WSJ article cited a reputation for long hours and tedious work as a deterrent for pursuing a career in accounting. first appeared on Airbase.
Since the launch of Guided Procurement, this year has seen a rapid-fire release of additional features that we love telling accountants about because, well, you’re unique in your ability to fully appreciate the value of our improvements. The magical upgrades that we introduce to improve the lives of accountants. Guided Procurement.
Speaker: Nadia Asoyan, VP of Finance at Trusted Health, and Amer Ali, VP of Finance at Netlify
We’ll also explore how to evaluate accounting software to ensure that your tech stack works for your company’s needs today, and that it will scale into the future. They join Airbase VP of Business Development, Dan DeVall, to share the lessons they’ve learned about the benefits of automating early with tools that have a positive ROI.
Top 12 expense management tips for businesses in 2024 Get started with Airbase Expense Management. Schedule a demo Learn how Airbase can transform your entire purchasing process. With Airbase’s mobile app , submitting an expense is as simple as taking a photo. Let’s dive in! Table of contents What is expense management?
12 best practices for expense management Get started with Airbase Expense Management. Expense Management Tour Take a self-guided tour to see how managing expenses can be a breeze with Airbase. With Airbase’s mobile app , submitting an expense is as simple as taking a photo. Let’s dive in! What is expense management?
Balancing the competing demands of tighter budgets, environmental accountability, and business necessity requires greater visibility into travel arrangements. Airbase and TravelPerk: Goodbye tedium, hello efficiency. Airbase Travel Management with a TravelPerk integration puts finance teams and budget owners in the driver’s seat.
Kelly Hicks and Robin Sharma share advice after Airbase successfully completes its first external audit. Few milestones in a company’s lifecycle demand a more focused response from finance and accounting than the first external audit. Cleaning up your technical accounting data in preparation for your audit will make your life easier.
Speaker: David Goulden, CFO at Booking Holdings, and Jeff Epstein, Veteran Tech CFO
His path to CFO is not the typical story of CPA/accountant or investment banker that we normally see. He shares lessons from his broad and extensive career, and brings a worldly set of perspectives and knowledge to this discussion with the Airbase community. Register to receive your invite, or to receive a post-event recording.
TL;DR: In the wake of a banking crisis, cyberattacks are on the rise, especially relating to change of accounts. Airbase provides additional levels of security that can be especially helpful in this environment. Since the crisis, there has been a mass movement to open new bank accounts by companies that relied on SVB.
At Airbase, we’re also focused on AI as a way to create a better, more valuable product for our customers and are pleased to have deployed some initial capabilities with an ever-growing roadmap and a fast-growing team of AI developers to support our vision. Schedule a demo Learn how Airbase can transform your entire purchasing process.
In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Automated 3-way matching in Airbase. How 3-way matching works.
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. The importance and evolution of accounts payable. Traditional benefits of accounts payable automation.
Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase
ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract.
We frequently hear from customers that they’re experiencing a much better spend culture across the organization thanks to Airbase. This results from removing friction, uncertainty, and frustrations for employees and accounting teams when it comes to spending company money. Healthy spend culture: The magic of Airbase.
Airbase has witnessed this thirst for solutions with widespread and rapid uptake of our new Guided Procurement module since it was released earlier this year. Schedule a demo Learn how Airbase can transform your entire purchasing process. The innovation of Airbase Guided Procurement. billion by 2029, at a CAGR of 10.9%.
Accounting automation improves efficiency by eliminating expensive time-consuming manual tasks. The impact can be dramatic: Healthcare network Doximity estimates the move to Airbase saves their finance team 60 hours each month. Find out how Airbase can help — schedule a demo with us! first appeared on Airbase.
Speaker: Spencer Falbo, Principal at Kong Basile Consulting
For a long time, the market has offered point solutions for accounts payable, such as bill payment, expense management, travel software, and corporate cards. What impact this type of software has on accounting and finance teams. Attendees can receive a FREE CPE credit for attending this webinar from Airbase. The solution?
In many companies, it accounts for about half of the software solutions used by employees. One Airbase customer confessed on G2 that she didn’t really need the training. “To To be honest, I didn’t pay the closest attention to the Airbase training my company had. Miraculously, that’s how I knew how great Airbase was.
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.
Airbase, a spend management company looking to consolidate a range of expense management processes for organizations, has announced new funding for its technology. According to reports, First Round Capital led a $7 million Series A round for Airbase, with Maynard Webb, BoxGroup, Quiet Capital and Village Global also participating.
Employee name Transaction date Merchant name Receipt amount Expense category Purpose Below is an example of what an automated business expense report looks like in Airbase. Simply upload your receipt and Airbase will automatically populate your expense request details. Or, you can upload it directly into Airbase.
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
In this webinar, Wayne Spivak will share techniques applicable to not only spend management and GAP analyses, but a wide range of accounting topics, to show you how to go from your company’s current state to the state of the future your company wants and needs. June 6th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST
At Airbase, I’m the controller of a 300-person tech company without a dedicated procurement professional, so the responsibility to ensure that the procurement function is being fulfilled (policy compliance and vendor management) falls to me. Of course, companies with a dedicated procurement resource recognize the value of Airbase’s software.
HR and payroll software solutions provider Paylocity has struck a deal to acquire spend management platform Airbase for $325 million, the companies said in a media release on Sept. Founded in 2017, Airbase is headquartered in San Francisco and has approximately 300 employees in the U.S., Canada, India, and the Philippines.
We’re very proud that more than 70 Airbase customers have achieved unicorn status. An easy, intuitive use experience has long been the hallmark of quality consumer technology but was something that seemed willfully disregarded when it came to accounting and procurement software. See how Airbase makes change management easier!
The challenge is building an accounts payable process that captures all required information, ensures compliance, and doesn’t slow down employees. When approval processes can be customized to accommodate complex approval chains through Airbase’s Guided Procurement, nobody is overlooked. first appeared on Airbase.
With a consolidated spend management platform like Airbase, an organization can ensure that its financial resources are being used in the most efficient and effective manner possible. For example, on Airbase, duplicate spending is automatically flagged. What are some good accounts payable automation systems?
For example, here’s how one G2 reviewer describes her experience with Airbase: “Airbase is super user-friendly. Airbase customers tell us our onboarding process is far easier than they anticipated. first appeared on Airbase. Our approach increases adoption, drives savings, and ensures compliance.
Airbase proudly partners with NetSuite to provide the deepest integration available from a spend management solution. Plenty of Airbase team members have in-depth NetSuite and SuiteWorld experience — we’re taking what we know and using it to help you get more out of SuiteWorld. first appeared on Airbase.
He started at the collaborative design company when it had just 25 employees and outsourced its accounting functions. Speaking with Airbase CFO Aneal Vallurupalli at a What I Wish I Knew Session, he remembered starting out with just the bare bones of organizational structure. “I first appeared on Airbase.
3-way match is a process used in accounts payable to ensure that invoices are accurately matched to the correct purchase order and corresponding goods received note (also called the receiving report). In Airbase, after a PO request is created, it is routed to the correct approver, or approvers, based on the rules created.
The post The cost of inaction: An urgent call to upgrade accounting processes. first appeared on Airbase. Finance teams that allocate scarce bandwidth to implementing better systems will find they are rewarded with a clear and bright future. Take the first step — schedule a demo with us!
People and processes need updating as well when it comes to processes evolving,” Reuben Cook of Squire told Airbase CFO Aneal Vallurupalli at a recent What I Wish Knew session, The value of consolidating systems and processes. Airbase’s spend management platform improves collaboration through configurable, cross-functional workflows.
Airbase automatically creates an airtight audit trail for every transaction, including approval records, receipts, and related documentation like contracts. Closing the procurement loop properly minimizes risks and maintains transparency — which are essential for regulatory compliance and accountability. Demo Airbase today.
In a recent press release, Brex said it is integrating with SAP Concur's Concur Expense solution, as well as Xero's accounting platform, to automatically link transaction data generated from spend on the Brex Card into these portals. Airbase Spend Signals Rising Card Adoption.
Airbase hosts a Slack community of over 5,000 finance professionals where conversations are often sparked by someone asking what solutions or providers others have used to solve specific problems. Responses are from other finance and accounting professionals who share their experience with different vendors.
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