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AP Automation Is Ready For WFH Accounting

PYMNTS

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. It’s time for a solid path to AP modernization, and the industry gets it.

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Paychex Links Data To QuickBooks In Real Time

PYMNTS

“At the center of any successful business is an accounting system fueled by data,” said Tom Hammond, Paychex vice president of corporate strategy and product management, in a statement. In October, supplier payments automation firm Tipalti also announced its QuickBooks Online integration.

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How SME Accountants Can Compete With Software

PYMNTS

So, why, then, would a corporate accounting and consultancy firm want to introduce its own, sophisticated cloud-based accounting tool for its SME clients? That’s what accounting, consulting and advisory firm BDO is doing. . Could accounting Software-as-a-Service lead to the same?

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Why Supply Chain Execs Struggle To Analyze Costs

PYMNTS

According to researchers, “providing information only in financial, and not operational, terms is a common failure of accounting systems, resulting in non-actionable information and missed opportunities to generate needed conversations.”

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,