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Accountspayable (AP) automation software firm Beanworks has rolled out a function for expensereimbursements to assist companies in automating how they get and handle staffer expenditures, according to an announcement. Supervisors can look over receipts and give the go-ahead for reimbursements from anywhere.
Emburse , which works in expense management and accountspayable automation, has launched Emburse Global Reimbursements, intended to help pay employee expenses in a more efficient, cost-effective way. That, according to the release, will speed up expensereimbursements and make things more convenient.
Optimizing the accountspayable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. How do you increase productivity in accountspayable?
At Airbase, we’ve heard stories about the problems that our customers used to have when closing the books, with entries for spend flooding in from all areas on corporate cards, via purchase orders, and from expensereimbursement requests.
The release says the expensemanager solution will help fill a hole in the market for a mid-market option to automate the expensereimbursement process as well as purchase orders and supplier invoice, receipt, approval and payment process.
Expense management and accountspayable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card. Emburse Debuts T&E Cards.
In an interview with PYMNTS , Karin Rush and Linnet Phoenix of DPR Construction explain how virtual cards and purchasing card technologies keep its network of subcontractors from avoiding financial hardship by speeding up payment and expensereimbursement. Virtual cards are a form of ePayables that act like a traditional credit card.
Furthermore, only 42 percent have accountspayable (AP) or ERP software that is able to automate B2B payments, and even fewer have digital portals in operation through which suppliers can submit their invoices. Only 13 percent said they’re using virtual cards.
The continued use of paper checks and Excel spreadsheets epitomize this trend: Despite the influx of accountspayable automation tools, new commercial and virtual card offerings, faster ACH options and automated accounting platforms, checks and spreadsheets continue to be favored tools.
Increasingly, financial executives who start out tracking accountspayable (AP) volumes and chasing down coworkers’ expense reports will quickly find that the position demands a watchful eye on all aspects and categories of corporate spend — from travel and expenses (T&E) to procurement.
On the other hand, asking employees to pay out of their own pockets and wait for reimbursement, or forcing them to go through lengthy expense claim processes, can cause resentment. trillion by 2020. Old-fashioned business-travel spending procedures fall short of addressing several key challenges.
Automated workflows expedite invoice processing and expensereimbursements. What an Optimal Accounting System Delivers Transparency: Track income and expenses with unwavering accuracy, providing a clear picture of your financial health for informed budgeting, forecasting, and strategic decision-making.
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