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Don’t be hurt by the shortage of accountants. Give them what they need.

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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. According to a recent PYMTS survey of 225 finance leaders, AP departments alone spend 18% of their time on manual tasks per month. Give them what they need.

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How to tackle your first external audit, before it tackles you.

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Few milestones in a company’s lifecycle demand a more focused response from finance and accounting than the first external audit. KELLY: “The auditors will ask about processes and controls. Cleaning up your technical accounting data in preparation for your audit will make your life easier. Advice for the accounting leaders.

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Invoice Automation: What you need to know.

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However, proper data management and double-checking the data will remain important to maintain the accuracy of the invoicing process. 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).

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How AR-AP Connectivity Works To Deepen Buyer-Supplier Ties

PYMNTS

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations.