Airbase

OCTOBER 25, 2023

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. IDC recognizes the importance of this new approach: “Guided procurement applications provide an inviting approval workflow that is easily understood by all stakeholders in the approval chain.

AP Automation 130

AP Automation accounts payable Approval Workflows Technology 130

Airbase

MAY 15, 2023

As companies grow, the number of stakeholders in the purchasing process increases, which makes approval workflows and oversight responsibilities more complex. The challenge is building an accounts payable process that captures all required information, ensures compliance, and doesn’t slow down employees.

Approval Workflows 130

Approval Workflows Legal audit accounts payable 130

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 115

Technology Account accountant accounted 115

Xero

APRIL 16, 2023

Build new automated workflows Complex layers of approval processes can hold up your accounts payable and receivable, no matter how large your business is. These apps can help take away those manual workflows. Another great option is Lightyear , which focuses on automating Purchasing and Accounts Payable.

accounts payable 98

accounts payable Approval Workflows payroll Agriculture 98

Cherry Bekaert

MARCH 22, 2024

The platform also offers numerous benefits for your core financial functions, including accounts payable, accounts receivable, cash management, general ledger, order management and purchasing. You can also generate invoices for easy subscription management and attach customer documents to transactions for better recordkeeping.

general ledger 115

general ledger accounts payable Technology accounting and finance 115

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? From refining invoice approval workflows to embracing the digital shift, each step is a stride toward efficiency and precision. What is a check run in accounts payable? We outlined 7 steps to improve the accounts payable check run below.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

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 72

Accounts Payable Automation Technology accounts payable Account 72

MineralTree

SEPTEMBER 7, 2023

Accounts payable (AP) teams have long struggled with manual invoice approvals that involve chasing down signatures and slogging through mountains of paperwork. But in today’s increasingly digital business world, many AP teams are turning to automation to enhance their workflows — and the invoice approval process is no exception.

Approval Workflows 77

Approval Workflows AP Processes Technology quickbooks 77

MineralTree

NOVEMBER 30, 2023

With hiring freezes and budget cuts in play, it’s natural that 59% of finance leaders say doing more with less is a top issue for accounts payable (AP) teams in the current economic climate. Automate the Entire End-to-End AP Process AP automation encompasses invoice capture , approval workflows, payment processing, and reconciliation.

Finance 91

Finance AP Automation Approval Workflows Technology 91

MineralTree

JANUARY 11, 2024

However, accounts payable (AP) automation can make electronic payments in ERP systems , like Netsuite, much easier. MineralTree also mirrors the workflow in Netsuite with an API that has a true bi-directional sync. More Flexibility In 2022 , Netsuite and HSBC announced their plans to collaborate on an accounts payable solution.

AP Automation 81

AP Automation NetSuite Technology AP Processes 81

CPA Practice

AUGUST 28, 2024

Our customizable payment approval workflow feature enhances control and oversight of payments and is free, potentially saving accountants hundreds of dollars per year when switching from costly approval tools. What sets Instead apart is its AI documentation capabilities.

Technology 124

Technology accounting firms Account accountant 124

MineralTree

SEPTEMBER 28, 2023

Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency. They require document conversions, time-consuming follow-ups with decision-makers, and error-prone manual data entry.

Finance 78

Finance AP Automation AP Processes Technology 78

CPA Practice

MAY 22, 2024

Goldman Sachs recently estimated that automating Accounts Payable processes can result in time savings of 70-80% for small and medium-sized businesses. Efficient accounts payable (AP) processes are crucial for maintaining a healthy cash flow and fostering strong relationships with suppliers. By Laurent Charpentier.

AP Processes 69

AP Processes Technology AP Automation accounts payable 69

MineralTree

NOVEMBER 9, 2023

This is especially important for accounts payable (AP) teams, where timely and accurate data flow is essential. Features like automated invoice processing and payment approval workflows streamline AP processes both in a top-level or entity-level structure. What Challenges Exist for API Integrations?

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72

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 59

Technology Account accountant accounted 59

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 52

Technology Accounts Payable Automation accounts payable Approval Workflows 52

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. With a nod to the partnership model, the Bottomline Technologies VP said FinTechs have helped drive the evolution of accounts payable automation.

AP Automation 46

AP Automation Technology accounts payable Accounts Payable Automation 46

Basis 365

AUGUST 21, 2024

Practical Application: Outsourcing: Partner with a fractional accounting department company to include more team members into the segregation of duties workflow. Accounts Payable: Use tools like BILL Payables & Receivables to automate the workflow between team members.

accounts payable 59

accounts payable audit Approval Workflows bookkeeping 59

PYMNTS

JUNE 30, 2016

The perception of the role of Accounts Payable among professionals has moved up a notch, according to Ardent Partners. But these perceptions may not line up to the realities of how the enterprise grasps the data provided from the accounts payable process. Professionals expect the accounts payable department to evolve.

accounts payable 41

accounts payable AP Automation Approval Workflows accounting and finance 41

MineralTree

JANUARY 12, 2023

Automated payments help accounts payable (AP) teams quickly pay suppliers and process invoices by streamlining manual, convoluted AP workflows. Teams can automate some or all of the steps within the invoice workflow, including invoice capture , coding and approvals, as well as payment authorization and execution.

Technology 80

Technology AP Automation AP Processes Approval Workflows 80

MineralTree

FEBRUARY 29, 2024

Efficient digital payments are critical for accounts payable (AP) teams to streamline the AP process and maintain strong relationships with vendors. QuickBooks is a full-featured accounting system with accounts receivable and accounts payable functionality. Does QuickBooks have a payment processing system?

AP Automation 52

AP Automation quickbooks Technology AP Processes 52

Withum

FEBRUARY 24, 2025

Managing Approvals Streamlining approval workflows is challenging, but getting approvals early, whether from a department head, procurement office or finance team, simplifies the later stages and can help your organization navigate internal controls and approvals. This leads to optimized financial operations.

NetSuite 52

NetSuite AP Automation Approval Workflows Technology 52