article thumbnail

How to Improve the NetSuite Invoice Approval Workflow

MineralTree

Creating an invoice approval workflow in NetSuite can streamline this cumbersome procedure for organizations that use NetSuite as their ERP. Automation lets you set up custom workflows that automatically route invoices through the various steps of approval. What is the NetSuite invoice approval workflow?

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Accounts Payable Workflow in QuickBooks: How to Improve the Process

MineralTree

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? The QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. If so, you’re not alone.

article thumbnail

AP automation best practices for 2024 and beyond.

Airbase

Implementing accounts payable best practices can help your organization reduce risk, save time and money, foster strong vendor relationships, and create a better spend culture. You can better identify the best AP automation solution for your organization by following accounts payable best practices.

article thumbnail

Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

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.

article thumbnail

7 Steps to Improving the AP Check Run

MineralTree

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.

article thumbnail

Invoice Automation: What you need to know.

Airbase

3-way match is a process used in accounts payable to ensure that invoices are accurately matched to the correct purchase order and corresponding goods received note (also called the receiving report). OCR technology can be used to extract data from a variety of document formats, including PDFs, images, and even handwriting.