Accounting Insight

NOVEMBER 16, 2023

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.

Accounts Payable Automation

Airbase

NOVEMBER 15, 2023

Features of AP automation software. The importance and evolution of accounts payable. Traditional benefits of accounts payable automation. 1) Automating mundane tasks for increased productivity. AP Automation Tour Modern accounts payable automation benefits.

AP Automation

Ryan Lazanis

APRIL 4, 2022

In this article, you’ll learn: What accounts payable automation is. 11 different benefits of automating this process. The best tools to automate A/P. How to specifically automate A/P. What is Accounts Payable Workflow Automation. 11 Benefits to Accounts Payable Workflow Automation.

accounts payable

Airbase

NOVEMBER 29, 2023

Assessment and mapping: Integration with financial systems: Document capture and validation: Exception handling: Mobile accessibility: Real-time notifications: Audit trails and reporting: Integration with payment systems: Continuous improvement: Early -payment discounts: 9) Leverage real-time analytics. 5) Maintain vendor communication.

AP Automation

Airbase

SEPTEMBER 27, 2023

Document management: Maintain a record of all transactions, contracts, and correspondence for audit and compliance purposes. Technology integration: Integrate with other tools to automate and streamline processes and enhance visibility. How does procurement relate to accounts payable?

Accounts Payable Automation

Xero

NOVEMBER 29, 2022

Datamolino automates data capture and processing for bills, receipts and invoices. Information is automatically captured from relevant documents, then coded and exported directly to the Xero ledger, needing very little human input along the way. That is how the initial idea of Datamolino came about.”.

Accounts Payable Automation

PYMNTS

JULY 31, 2019

Going forward, ACOM Solutions will continue to operate as it does now, supporting our core products including; EZPay Suite, EZConnect, EZ Content Manager, Document Management and all other products not related to acompay.”. The acquisition is subject to customary closing conditions and is expected to close in the second half of 2019.

Accounts Payable Automation

CPA Practice

AUGUST 26, 2024

Embracing Automation The platforms and solutions that are quickly becoming table stakes for accounting firms often offer automation tools that can be applied to optimize sometimes-tedious processes and workflows.

Technology

Accounting Insight

MAY 26, 2023

Cloud accounting business iplicit and global Software as a Service business Lightyear have joined forces to provide an accounts payable solution that can drastically cut the time and costs involved in the manual accounts payable process.

Accounts Payable Automation

CPA Practice

SEPTEMBER 23, 2024

Global automation platform provider Quadient has been recognized as a Technology Leader in the “SPARK Matrix: Accounts Payable Automation” report, a detailed analysis of the accounts payable (AP) automation market by independent analyst firm QKS Group.

AP Automation

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.

Technology

Airbase

OCTOBER 25, 2023

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. It is not an exhaustive evaluation or a comparative ranking of companies, but rather a document that highlights innovative companies in a specific market segment.

accounts payable

PYMNTS

OCTOBER 9, 2019

Enterprise content services provider Hyland is enhancing the integration of its OnBase ERP platform with SAP to strengthen accounts payable automation capabilities, the company said in a press release Tuesday (Oct.

AP Automation

PYMNTS

OCTOBER 20, 2020

Stampli , which works in accounts payable automation, has debuted a new feature called Stampli Direct Pay which a press release says will let companies pay invoices with ACH or from their own bank accounts. The release goes on to list some of the factors making Stampli Direct Pay different from other such services.

Accounts Payable Automation

Going Concern

MAY 24, 2023

Flow by Nanonets is the ultimate solution for Accounts Payable Automation. Developed by the same expert team that created Nanonets, Flow offers powerful AI and machine learning models that automate the entire accounts payable process, end to end, from approvals to payments.

CPA

PYMNTS

DECEMBER 2, 2016

But the largest venture capital funding round went to an accounts payable automation firm in the U.S. Last year, accounts payable automation company AvidXchange raised a whopping $225 million. It will also explore additional services like licensing and legal document support. B2B Payments.

B2B

Anders CPA

JUNE 20, 2024

Process automation involves using technology to automate repetitive tasks and streamline workflows. This can include tasks like repetitive data entry, moving files, processing and reading documents. It can also include common workflows like approvals, creating documents from templates, and communication management.

Technology

PYMNTS

FEBRUARY 7, 2019

In the January B2B Payments Automation Innovation Playbook , PYMNTS and Mastercard found that 85 percent of companies want accounts payable automation, though 59 percent have yet to implement any kind of payments automation into their own back-end systems.

AP Automation

Accounting Seed

JANUARY 9, 2024

Most recently, Accounting Seed launched AR (Accounts Receivable) Automation , eliminating the need for manual reconciliation— reducing time spent from hours to minutes. How can Accounting Seed help? Prioritize Sustainability in Accounting Processes: In 2024, sustainable business practices are increasingly important.

Technology

PYMNTS

AUGUST 21, 2019

In an interview with PYMNTS, Noel Flynn, CEO of ancora Software , pointed to a number of driving forces behind accounts payable automation, including the desire by executives to reduce operating costs. AP automation has been available in one form or another for more than 20 years, said Flynn.

AP Processes

PYMNTS

DECEMBER 30, 2019

In today’s market (where Open Banking is driving bank-FinTech connectivity, but a continued use of paper limits the scope of that data integration), Bobley said he has found that financial services providers are turning to a mix of solutions to support data scraping, aggregation, integration and extraction from documents and images.

Accounts Payable Automation

ThomsonReuters

APRIL 6, 2023

Purchasing the order Receiving the order Paying the invoice Resolving the accounting records When it comes to resolving accounting records, t he general ledger must be reconciled by correctly recording each transaction and comparing source documents (like statements, checks, and invoices) with accounting records.

accounts payable

Accounting Insight

SEPTEMBER 6, 2024

It has been recognised as a Great Place to Work®, AP Automation Software Top Performer by Featured Customers, Top 100 Fastest Growing Products by G2, Top AP Solution Provider by CFO Tech Outlook, AP/Invoicing Product of the Year Winner by Document Manager, and Top 50 Company to Watch by Spend Matters. How did you get started?

AP Automation

PYMNTS

SEPTEMBER 16, 2019

The continued use of paper checks and Excel spreadsheets epitomize this trend: Despite the influx of accounts payable automation tools, new commercial and virtual card offerings, faster ACH options and automated accounting platforms, checks and spreadsheets continue to be favored tools.

Technology

PYMNTS

NOVEMBER 13, 2019

Buyer companies need to be able to convert the data within those documents into a digitized workflow, where they can review, approve and better understand the related impact to their cash flows,” he said.

AP Automation

PYMNTS

MAY 12, 2016

What’s next for enterprise mobility could be anyone’s guess, but some analysts have made their prediction: accounts payable. The firm added that the mobile device can smooth out the areas of accounts payable that take the most time, but to do so, AP processes must embrace automation. Moving Forward .

accounts payable

PYMNTS

DECEMBER 12, 2019

The company said its system’s perks include “eliminating the risk of document loss, standardizing document collection, significantly reducing data-entry time for invoices (this is halved) as well as approval timeframes…”.

AP Automation

PYMNTS

JUNE 25, 2018

Reactive instead of proactive planning, late payments, a lack of visibility: Accounts payable professionals in the U.K. Accounts payable automation firm Invu released its latest survey, “ Changing trends in the purchasing processes of U.K.

accounts payable

PYMNTS

MARCH 26, 2018

This is about ensuring the eInvoicing platform produces VAT-compliant documentation,” explained Park. Some suppliers haven’t had an electronic platform before, and there is a degree of nervousness that they have lost control of a really important document they historically would have been responsible for.”.

Technology

PYMNTS

JULY 10, 2019

Cross-border commercial payments and FX management firm Cambridge Global Payments said in a press release Tuesday (July 9) that its Invoice Automation Solution is now available as an integrated tool that streamlines the invoice-to-pay process for cross-border transactions.

accounts payable

ThomsonReuters

APRIL 6, 2023

Is accounts payable a stressful job? A job in accounts payable can be stressful if a business relies on manual processes.

accounts payable

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

Accounts Payable Automation

PYMNTS

SEPTEMBER 8, 2020

The program offers a full invoice-to-pay technology that has automated invoice intake, digital payments and approval processes that take the place of AP procedures that are antiquated and are heavy on printed documents.

Technology

PYMNTS

JULY 26, 2018

Danielle Simer, solution marketing manager at Hyland, said that a lack of change, in terms of how AP professionals are adopting effective automated strategies, could possible signal a lack of understanding about accounts payable automation altogether. Yet, Hyland’s report revealed this simply isn’t the case.

AP Automation

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

Accounts Payable Automation

PYMNTS

OCTOBER 18, 2017

“If you ask five people,” you’d get five opinions about what AP automation entails — specifically what parts of the process itself require automation, from invoices to workflow to document management to payments. AP automation standardization means addressing some of the more obvious pain points within those processes.

AP Automation

PYMNTS

MAY 15, 2018

Israch said the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Organizations are generally aware of the need to report 1099 income, but it seems that many are not so aware of the even greater compliance required for reporting payments made to foreign entities.

accounting and finance