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A Comprehensive Guide to Building an Optimal Accounting System

Basis 365

Their accounting software is outdated and clunky, disconnected from other systems. Invoices languish in email inboxes, expense reports get lost in paper trails, and payroll processing involves manual calculations. Automated workflows expedite invoice processing and expense reimbursements.

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Virtual Cards Can Be Valuable For Analog Industries

PYMNTS

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 expense reimbursement. Virtual cards are a form of ePayables that act like a traditional credit card.

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Harvard And Capital One Survey Mid-Market B2B ePayments Adoption

PYMNTS

Furthermore, only 42 percent have accounts payable (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. Misconceptions.

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What Drives Corporates To Ditch Some Payment Tech, And Flock To Others

PYMNTS

Increasingly, financial executives who start out tracking accounts payable (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.

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How SMB FinTech Elevates (Not Negates) The Need For Humans

PYMNTS

The continued use of paper checks and Excel spreadsheets epitomize this trend: Despite the influx of accounts payable automation tools, new commercial and virtual card offerings, faster ACH options and automated accounting platforms, checks and spreadsheets continue to be favored tools.