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.

Finance 91

Finance AP Automation Approval Workflows Technology 91

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.

Finance 98

Finance AP Automation Technology accounting and finance 98

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

AP Automation 69

AP Automation Construction Technology accounts payable 69

PYMNTS

AUGUST 17, 2020

Accounting departments, for example, suddenly had employees accessing highly sensitive data remotely via home Wi-Fi, without the data security extant in office-based accounting as we’ve long known it. And operations still using manual accounts payable (AP) methods are really rethinking things. “A And it won’t.

AP Automation 61

AP Automation Technology AP Processes accounts payable 61

MineralTree

JANUARY 25, 2024

The past year in finance was riddled with economic uncertainty, accompanied by challenges like staffing constraints and the need to optimize efficiency with limited resources. For finance professionals, understanding this landscape is crucial. This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024.

accounts payable 69

accounts payable AP Automation Account accountant 69

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

Technology 59

Technology accounts payable Accounts Payable Automation AP Automation 59

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.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Its technology also includes a supplier portal and an eInvoicing offering.

AP Automation 60

AP Automation Technology accounts payable NetSuite 60

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.

accounts payable 52

accounts payable AP Automation AP Processes Account 52

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.

AP Automation 114

AP Automation Technology accounts payable accounting and finance 114

PYMNTS

JULY 10, 2020

Money, therefore, remains tight, and SMBs need fast and precise insights into their finances and processes to help them make more informed spending decisions. These slow processes make it difficult for AP professionals to quickly pull up information on payment obligations, and they also present plenty of opportunities for human error.

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

PYMNTS

NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. However, as with so many back-office enterprise functions, AP is now shifting its reputation as one that can add value to businesses. “It’s about having a strong business case internally.”

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. What is a check run in accounts payable?

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Around The AP Automation World. Three-Way Invoice Matching Brews Up Better AP Processes.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

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.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

MineralTree

JANUARY 26, 2023

A provider that can deliver both AP automation software and managed services has become one of the most popular resources used to improve payment operations and unlock additional efficiencies. Payment Operations Today Today’s finance teams are under immense pressure to become more strategic.

AP Automation 75

AP Automation Technology AP Processes accounts payable 75

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. However, its reporting process can be cumbersome as it typically requires manual intervention with Excel.

quickbooks 52

quickbooks AP Processes AP Automation Technology 52

PYMNTS

APRIL 9, 2020

To help additional middle-market companies automate their accounts payable (AP) processes, MineralTree announced that it has grown its integration abilities, according to a press release. They also let finance departments work from any place where an internet connection is available. “By

AP Automation 76

AP Automation AP Processes Technology accounts payable 76

MineralTree

MARCH 2, 2023

The world of finance is constantly evolving, and this year is no exception. The new year brings fresh challenges for CFOs and finance teams, specifically around strategizing methods to minimize the pressures of recession and inflation. Keep reading to learn about each of these challenges and how finance leaders can face them head-on.

AP Automation 83

AP Automation Technology accounting and finance accounts payable 83

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. Transforming AP departments in this way, though, is no straight-forward task — for more reasons than one.

Technology 73

Technology AP Automation B2B accounts payable 73

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.

accounts payable 63

accounts payable AP Automation AP Processes Technology 63

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. Let’s take a closer look. Why Overdue Payments Happen.

accounts payable 52

accounts payable AP Automation Account accountant 52

PYMNTS

NOVEMBER 21, 2018

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. “It’s born digital. .”

Technology 63

Technology AP Automation accounts payable Accounts Payable Automation 63

PYMNTS

JUNE 2, 2020

To provide non-touch invoice processing and support remote work, SoftCo rolled out its SoftCo ExpressAP accounts payable (AP) automation technology. SoftCo Co-founder Susan Spence said in the release, “SoftCo ExpressAP makes life a whole lot easier for Finance teams. In separate news, Ephesoft, Inc.

Technology 52

Technology accounts payable AP Automation AP Processes 52

PYMNTS

MARCH 21, 2019

For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. Typically, the AP department will struggle to just pay on time or reasonably late,” he told PYMNTS.

Technology 48

Technology AP Automation accounts payable AP Processes 48

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. Manual AP Processes Continue to Drop the Ball.

accounts payable 52

accounts payable Retail Non-Profits Account 52

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.

AP Automation 81

AP Automation NetSuite Technology AP Processes 81

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.

AP Automation 88

AP Automation accounts payable Technology Accounts Payable Automation 88

PYMNTS

JUNE 22, 2020

Enabling employees to work remotely during the COVID-19 pandemic has sent a wake-up call to companies that their old-school accounts payable (AP) practices will not cut it in the new economy. Companies may even have been unable to access their AP processes until they could adopt safer methods.

AP Processes 56

AP Processes AP Automation Technology accounts payable 56

PYMNTS

FEBRUARY 24, 2016

But in a new whitepaper published by document automation firm Esker , the firm acknowledges that executives facing friction in accounts payable departments very well could be championing the adoption of sophisticated solutions; it may just take a bit of effort to convince the rest of the team to get the ball rolling. Building A Case.

AP Automation 40

AP Automation AP Processes accounts payable Technology 40

MineralTree

FEBRUARY 1, 2024

MineralTree recently surveyed more than 800 finance professionals and over 200 of their vendors for the State of AP Report. The focus was on assessing the current digital payments landscape and end-to-end AP automation to better understand key trends, challenges, and priorities for AP teams.

accounts payable 74

accounts payable AP Automation AP Processes Account 74

MineralTree

OCTOBER 19, 2023

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. It’s no surprise that MineralTree’s State of AP Report identified the AP function as the No. The proof is in the pudding.

accounts payable 75

accounts payable AP Automation AP Processes Approval Workflows 75

MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. The process includes invoice receipt, verification, approval, and eventual payment.

accounts payable 80

accounts payable AP Processes AP Automation Account 80

PYMNTS

MAY 28, 2019

Driving efficiency in accounts payable (AP) can stem from an array of efforts. Adopting electronic payments and getting rid of paper checks is certainly one way to boost AP efficiency. “The treasurer might get enamored with a supply chain financing vendor, and start down a path with a supply chain finance initiative.

accounts payable 59

accounts payable Procure to Pay Platform Technology accounting and finance 59

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.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

PYMNTS

MAY 12, 2016

What’s next for enterprise mobility could be anyone’s guess, but some analysts have made their prediction: accounts payable. Document processing and automation firm Esker gathered the latest research from the Institute of Finance and Management (IOFM) to check in on whether mobile devices are gaining traction among AP professionals — and how.

accounts payable 40

accounts payable AP Processes Technology Accounts Payable Automation 40

PYMNTS

AUGUST 15, 2016

The survey gathered data from 120 respondents, whose titles included “AP manager, controller, chief financial officer, finance executive, accounting director and accountant.”. Payment automation enforces strict adherence to business rules, reducing opportunities to commit fraud. Guess that’s what keeps the U.S.

AP Automation 40

AP Automation Approval Workflows Technology AP Processes 40