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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

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AP Automation Company Stampli Nets $61M in VC Funding

CPA Practice

Stampli , a provider of AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.

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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

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Tipalti Bolsters Accounts Payable Platform With AI-Powered Pi

PYMNTS

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. ” Tipalti Pi is created to help during the payable process such as by optimizing payables workflow.

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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

The current economic fluctuations, coupled with compliance and cybersecurity risks, are challenging middle-market businesses and financial teams to streamline accounting processes and leverage digital technologies and data to automate and drive growth. In fact, over 90 percent of businesses report using cloud solutions today. (2)

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4 Automated Accounting Trade-offs That You May Not Have Considered

inDinero Accounting

Automated accounting saves time on, well, counting, and sorting, comparing, and categorizing data. Instead, automating such tasks enables accounting professionals to focus on building scenarios, testing for desired outcomes, and advising business decisions with richer insight. Automating accounting affects your business.

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How Automation Can Remove Vendor Onboarding Frictions

PYMNTS

Such technology can also help companies keep up with competitors by eliminating frictions throughout the AP process involving onboarding vendors and tracking payments. “We Businesses must be able to understand these variations when they begin onboarding, he added, so Sage Intacct has also built automation into its onboarding solutions.