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How Automation Can Improve Accounts Payable Compliance

MineralTree

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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Case Study: Growing Healthcare Management Firm Implements Sage Intacct ERP to Optimize Scalability

Withum

Learn how Withum helped a healthcare client optimize realtime reporting, internal controls, scalability and automation while improving efficiencies within their finance department. The Client The client is a healthcare management company specializing in innovative diagnostic and interventional radiology and vascular care services.

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Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News

PYMNTS

We have deep dives into healthcare payments artificial intelligence (AI), subscription churn, and a TurboTax tool for stimulus payments. TurboTax , the online tax preparation service, has said it is launching a free stimulus registration system to help people who don’t need to file a tax return. Trackers and Reports.

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What is 3-way matching and why is it important?

Airbase

Three-way match should be incorporated into accounts payable processes whenever you need to ensure the accuracy and validity of invoices — in other words, whenever possible. In accounts payable, the primary benefits are: Catch fraudulent invoices. When should you use a 3-way match? More time-consuming.

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Spend under management: The procurement KPI you should be tracking at any stage.

Airbase

A broader definition of addressable spend (the spend that can be managed through a procurement process) includes all expenditures except tax payments, charitable donations, employee base salaries and bonuses, dividends, stock repurchases, securities, and organizational memberships. I’m so excited about Airbase’s Guided Procurement!

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Outsourced Accounting Frequently Asked Questions (FAQs)

Cherry Bekaert

Outsourced accounting occurs when a business hires an external, third-party company to handle its finance and accounting functions. These functions can include managing payroll, accounts payable, accounts receivable, monthly bank reconciliations, tax prep support, legal compliance and financial reporting, among others.

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Corporate Fraud Reveals The Breadth Of Scammer Tactics

PYMNTS

The cybersecurity company discovered hackers collected more than 800 sets of credentials from targeted companies and their business executives in an attempt to steal corporate funds by creating false invoices, sending them to lower-level employees, and directing accounts payable departments to pay those invoices into fraudsters’ accounts.