article thumbnail

4 Steps to Choosing an Accounts Payable Software that is Compatible with QuickBooks

MineralTree

Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency.

article thumbnail

Deep Dive: AP Processing Delays And How New Payment Innovations Can Help

PYMNTS

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner.

Insiders

Sign Up for our Newsletter

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

article thumbnail

AR’s Role In Accelerating AP Processes

PYMNTS

Legacy accounts receivable (AR) and accounts payable (AP) operations aren’t only inefficient, they’re costly. PYMNTS’ latest The Optimizing AP and AR Playbook , a collaboration with OnPay Solutions, found that businesses in the U.S. Pactum Finds Buyer-Supplier Common Ground.

article thumbnail

CEOs, Finance Staff On Opposite Sides Of The Accounts Payable Fence

PYMNTS

B2B FinTech solution providers are currently working on reducing the friction associated with implementing their solutions into enterprise back offices. One of the biggest hurdles in B2B FinTech adoption and digital transformation is convincing the higher-ups that such investments are necessary.

article thumbnail

Kofax Adds New AI Features For Accounts Payable

PYMNTS

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. The new solutions will go further toward transforming AP processes with automation.

article thumbnail

Brexit Raises The Stakes For B2B Payments Fraud

PYMNTS

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically.

B2B 116
article thumbnail

Heightened geopolitical tension in 2024 will result in rising invoice fraud

Accounting Insight

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. Eventually B2B will be aligned with B2C, offering seamless payment experiences such as text-to-pay.