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Accountspayableautomation, also known as AP automation or invoicing automation, is the process of automatingaccountspayable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. As real-time?
used its annual QuickBooks Connect user conference in Las Vegas to announce QuickBooks Bill Pay , a new solution fully integrated within QuickBooks that transforms bill pay for businesses and delivers accountspayableautomation. Intuit Inc. Intuit is the maker of TurboTax , Credit Karma , QuickBooks , and Mailchimp.
The procure-to-pay process can be like a game of dominoes stacked up and ready to fall into place. The first domino in the set is the purchase order, and unless that PO is correct, everything else, including invoice and payment, can quickly fall into disarray.
These solutions span the gamut of B2B payments ’ needs — virtual cards, accountspayableautomation and data analytics, to name but a few. Raising the Level of the Game. Bindra explained that may mean integrating some of these solutions directly with Visa or via a processor.
Making matters even more complex is the need for this accountspayableautomation system to work with that ERP system or for that cash management software to integrate into this data analytics tools. But the cloud revolution is upon us and with it comes corporate treasurers’ demand for financial Software-as-a-Service.
AP teams can get out of the payments processing game and still have all the visibility and control they need to run the business. They give AP teams visibility into the status of approvals and payments. But most importantly, they free up mindshare for them to be able to use payments as a strategic lever.
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