Accounting Insight

JUNE 2, 2025

UK government treasury statements and rapidly changing global trade tariffs can and in some cases, are reshaping financial forecasts overnight. But in 2025, these types of inefficiencies are quite simply unaffordable, especially when considering recent UK government treasury statements and rising trade tariffs.

Finance 52

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ThomsonReuters

APRIL 8, 2025

CTC mandates represent a significant shift in regulatory compliance, requiring businesses to provide real-time transactional data to government entities. As governments worldwide implement these controls, businesses must adapt to meet these evolving requirements.

Technology 52

Technology E-commerce AP Processes Non-Profits 52

Accounting Insight

APRIL 14, 2025

From setting budgets, creating forecasts and ensuring invoicing and procurement remain up to date, to reducing the risk of human error, improving compliance and giving finance decision-makers real-time insight, the automation of the Accounts Payable process through an all-in-one Purchase-to-Pay solution delivers proven benefits.

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Accounting Today

JULY 11, 2025

tax policy for digital assets, including assessing emerging regulations, drafting comment letters and participating in government roundtables. Other news The Association for Accounting Marketing announced the release of its fourth certificate course, Elevating Your Firms Client Experience , now available on demand.

Technology 64

Technology audit E-commerce tax preparation 64

Accounting Today

JULY 2, 2025

Establishing a robust accounts payable audit trail is also made more efficient through the adoption of a digital payment system. By Jeff Stimpson 7h ago Tax CFOs split on impact of Trump tax bill Tariffs and the impact of government debt on the economy remain major concerns, according to a Grant Thornton survey.

Technology 52

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PYMNTS

MAY 9, 2019

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process.

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LSLCPAs

JUNE 7, 2024

Accounts payable fraud is a growing concern for local governments, with vendor scams becoming an increasingly common problem. Bad actors are contacting local governments, claiming to be from a vendor and requesting changes to addresses or bank information.

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PYMNTS

DECEMBER 17, 2018

The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. The solution provides businesses and government entities with a tool to integrate AP automation into their existing back-end functions. Bou in a statement.

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MineralTree

DECEMBER 15, 2022

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. Let’s take a closer look.

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LSLCPAs

AUGUST 13, 2024

The post Preparing for Auditors: Best Practices and Key Workpapers for Long-Term Debt, Accounts Payable, and Accrued Liabilities appeared first on LSL CPAs.

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LSLCPAs

AUGUST 13, 2024

The post Tackling Long-Term Debt, Accounts Payable, and Accrued Liabilities in Governmental Agencies: Understand the What, How, & Why appeared first on LSL CPAs.

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PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B 116

B2B accounts payable AP Processes accounting and finance 116

Accounting Insight

JANUARY 8, 2024

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. But in 2024, we will see much stronger industry and government action to enforce a permanent shift to on-time payments.

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CPA Practice

JANUARY 23, 2023

Accounts payable (AP) teams are stuck on a hamster wheel, always having to scramble to get payments out the door and then reconciling them on the back end. They are chartered by governments to steward money and move money around. You have to spend money on the spending of the money instead of on revenue-generating activities.

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PYMNTS

FEBRUARY 26, 2018

billion | Number of adults in the world who do not have bank accounts and may not have government-issued IDs but do have mobile phones. 11 percent | Percentage of accounts payable transactions that are paid by credit or debit cards, according to data from the National Automated Clearing House Association (NACHA).

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PYMNTS

NOVEMBER 3, 2020

Commercial banking platforms, small businesses, corporations and government entities alike can access the service, the release stated. Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. 2) announcement.

B2B 88

B2B AP Automation accounts payable B2C 88

PYMNTS

JULY 27, 2020

. $66,800 was swindled from a government entity in New Zealand following a cyberattack at one of its vendors , according to the New Zealand Herald. Reports said the government paid 100,600 New Zealand dollars ($66,800) into that account. Irish law enforcement reportedly arrested two men in connection to the case.

B2B 101

B2B accounts payable Government accountant 101

Withum

FEBRUARY 9, 2023

You also could set an automatic spend validation process that will post each spend transaction against the budget and rules you set, governing your spending. Legacy accounting software was developed before the Internet. You can allocate invoices without breaking out each transaction by the dimensions you need them allocated across.

Construction 122

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PYMNTS

OCTOBER 5, 2020

“The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

B2B 130

B2B Healthcare Spend Management Tools accounts payable 130

CPA Practice

MAY 26, 2023

Oracle has launched Oracle NetSuite for Government , a new suite of cloud solutions specifically designed for the needs of small-to-midsize state and local government agencies. Human Resource Management: Simplifies complex government workforce management processes by providing asingle suite to manage HR, payroll, and financials.

NetSuite 52

NetSuite Government general ledger Approval Workflows 52

CPA Practice

OCTOBER 31, 2024

Federal procurement and federal government contracting are subject to the FAR, which requires expenses to be divided into the following categories: Direct costs (FAR 31.202): A direct cost is any cost that can be identified specifically with a particular final cost objective (project). Accounts receivable 13. Accounts payable 22.

accountant 121

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PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development and Implementation Manager Dominic Biegel reflected on the deepening relationship between an organization’s accounts receivable (AR) operations and its clients’ accounts payable processes. 1st Commercial Credit Discusses Payables Finance.

B2B 67

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PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. Driving Scale.

B2B 110

B2B accounts payable Healthcare Government 110

PYMNTS

SEPTEMBER 28, 2020

According to the report, as many as 500 people have been identified by the government as having potentially committed fraud. million was stolen from one company via accounts payable (AP) fraud , the Chicago Tribune reported.

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PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S., Still, U.S.

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PYMNTS

JUNE 29, 2020

According to Ashutosh Saitwal , founder and CEO of newly launched data management platform KlearStack , one area of the enterprise that is struggling the most with this challenge is accounts payable (AP). The Invoicing Challenge. Unstructured data can cause headaches all across the enterprise.

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PYMNTS

OCTOBER 5, 2020

We’re still a long way away from an end to end digital experience governing how corporates pay and get paid. In many cases, enterprises have had to build out eCommerce operations to connect with buyers and suppliers in new (touchless, paperless, work-from-home) ways. Size-Agnostic Ripple Effect .

B2B 137

B2B accounts payable Technology Government 137

Xero

JANUARY 22, 2023

The push towards digital compliance from governments around the world With programs like the UK’s Making Tax Digital, Single Touch Payroll in Australia, and a move in New Zealand towards increasing digitalisation through the Inland Revenue Department, small businesses are increasingly being compelled to transition from old analog processes.

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PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. As if the coronavirus crisis wasn't enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S.

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PYMNTS

NOVEMBER 18, 2020

Payroll cards are gaining steam in Egypt, where the government announced plans to deliver prepaid cards to 28,000 public employees who will be able to use the tools to receive payroll sent via domestic banking rails. Around The World Of Smarter Payments. Deep Dive: How Prepaid Cards Ease Employees' Payroll Pains.

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PYMNTS

JUNE 19, 2020

Still, Kevin Kuhlman, vice president of federal government relations for the National Federation of Independent Businesses, told Yahoo the 50 percent revenue loss provision in the proposal could be a problem for many of its members.

Delaware 91

Delaware New Hampshire Minnesota Maryland 91

PYMNTS

FEBRUARY 1, 2021

Automatically looping information across various financial platforms — including accounts payable (AP), accounts receivable (AR) and expenses — is critical to achieving a real-time view of cash positions and developing more accurate forecasts. Data integration is climbing to the top of chief financial officers' priority lists.

payroll 99

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PYMNTS

DECEMBER 16, 2020

69.8% : Share of accounting payable professionals who wanted to innovate AP to save time in 2019. 1.3B : Amount the Illinois state government spent on check disbursements in 2019. Data: 256 : Number of supercenters and grocery locations across MI, IN, KY, OH, IL and WI run by Meijer.

B2B 65

B2B Illinois accounts payable Government 65

xendoo

JUNE 25, 2021

Setting up your real estate accounting system the right way will enable you to minimize the labor and stress involved in large-value transactions, extreme income fluctuations, employee pay formulas, and government regulations. Government bodies (e.g., Under Assets, they might include Cash, Accounts Receivable, and Vehicles.

Real Estate 98

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PYMNTS

OCTOBER 9, 2019

The company also pointed to optimized cash flow services and access to credit lines as key benefits for UAE business clients, as well as a lower cost of global payments, improved card acceptance among travel suppliers, and a lower resource burden on the accounts payable department. “In

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PYMNTS

JANUARY 18, 2021

government's inability to curb the risk of fraud that emerged during the first round of PPP funding. According to reports, those arrested include CEOs, accountants and managing directors, with a total of more than 6,600 fraudulent entities unearthed in government investigations. But new concerns are mounting over the U.S.

B2B 87

B2B Massachusetts accounts payable tax return 87

PYMNTS

JANUARY 27, 2020

The fact that federal agencies – namely the Bureau of Labor Statistics (BLS) – still refer to gig workers as “contingent workers” involved in “non-primary work” underscores how far behind this megatrend government accounting has fallen.

AP Automation 88

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