article thumbnail

Virtual card payments and their benefits for accounts payable departments.

Airbase

Virtual cards are a game-changer for accounts payable departments. The right virtual card program can save an accounts payable team hours of work every month. Get a demo The post Virtual card payments and their benefits for accounts payable departments. Here are some of the main benefits. Earn cash back.

article thumbnail

10 Critical Accounts Payable Strategies for All Businesses

Basis 365

One critical aspect is the management of accounts payable (AP). Effective accounts payable strategies not only streamline the payment process but also contribute significantly to better cash flow management. Basis 365 Accounting is designed to grow with businesses, offering scalable solutions that adapt to changing needs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Effectively Audit Accounts Payable

MineralTree

Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managing accounts payable processes can pose significant challenges.

article thumbnail

7 Accounts Payable Trends in 2024

MineralTree

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. The post 7 Accounts Payable Trends in 2024 appeared first on MineralTree. It’s a call to action to recalibrate priorities and prioritize digital transformation and automation to keep pace with the shifting market.

article thumbnail

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

How does it fit into your accounts payable system? If you’ve never had the pleasure of creating a virtual card nor enjoyed the benefits of their approval workflows, automatic syncing to the GL, and continuous audit trail, join us to get up to speed on this increasingly mainstream payment innovation.

article thumbnail

Accounts Payable vs. Accounts Receivable

Patriot Software

As a small business owner, setting up your accounting books and maintaining accurate records is essential. To make that happen, you need to be familiar with accounts payable and accounts receivable. What is the difference between […] READ MORE.

article thumbnail

Best Practices for Managing High-Volume Accounts Payable

MineralTree

However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. An overview of high-volume accounts payable High-volume AP involves managing a large number of invoices and payments. Did you know?

article thumbnail

The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

For a long time, the market has offered point solutions for accounts payable, such as bill payment, expense management, travel software, and corporate cards. These instruments have aided in the automation of workflows for various aspects of non-payroll spending.