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Customers will be able to choose the option that best suits them, ensuring the benefits of AP automation are available to all iplicit users. iplicit’s AP automation has already been rolled out to the first early adopters and will be on wider release in November.
Customers will be able to choose the option that best suits them, ensuring the benefits of AP automation are available to all iplicit users. iplicit’s AP automation has already been rolled out to the first early adopters and will be on wider release in November.
That’s partly because it must encompass a broad range of activities to obtain necessary resources, whether they are tangible like raw materials and equipment, intangible like consulting or software, or based in multi-functional complex projects like construction or infrastructure development. How does procurement relate to accountspayable?
Background A mid-sized construction firm (the Company) with a diverse project portfolio, faced challenges managing its financial processes using manual, paper and Excel-based methods, and QuickBooks. This innovative approach positioned the Company for continued success in the competitive construction industry.
“Billtrust is uniquely positioned through their supplier relationships to address typical barriers to ePayables adoption, such as high fees and manual reconciliation, leveraging their accounts receivable solution to streamline processes, provide automation and reduce complexity in virtual payment processing,” the executive noted.
Janelle Merlo , Tax Director, has 20 years of public accounting experience, providing a wide variety of tax and consulting services to a broad range of clients. Merlo received her Bachelors in Accounting from the University of Pittsburgh. Surratt, a leader in tax and accounting, assumed the leadership role on Jan.
Janelle Merlo , Tax Director, has 20 years of public accounting experience, providing a wide variety of tax and consulting services to a broad range of clients. Merlo received her Bachelors in Accounting from the University of Pittsburgh. Surratt, a leader in tax and accounting, assumed the leadership role on Jan.
Though many financial institutions recognize the opportunity to help middle-market businesses automate their AP payments, they have not been able to fully capitalize on the opportunity. Here the elusive payments opportunity meets or, in fact, doesn’t meet, the elusive audience: accountspayableautomation for middle-market firms.
Of course, HOA is just one of many, many nuanced verticals that stand to benefit from AP automation. Praeger noted that construction is challenging, because a lean waiver from the subcontractor must be received by the general contractor before he, in turn, will want to pay his own bills.
The construction industry is a key measure of overall economic strength and can provide unique insight into the financial health of the country overall. With that in mind, FinTechs have begun to pivot towards construction firms in an effort to bolster its financial health. ”
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