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OpenText Debuts Integration Tool To Connect ERPs With Accounts Payable

PYMNTS

With a launch that links enterprise resource planning (ERP) with accounts payable, among other systems, OpenText debuted its new OpenText™ Trading Grid™ The rollout brings together multi-enterprise cloud integration capabilities with data visualization and microservices architecture, according to an announcement.

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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. Traditionally, the PO serves as a promise to purchase goods that are then sourced or manufactured by the supplier based on that PO.

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Lockstep announces AR automation partnership with SYSPRO

Lockstep

SYSPRO is a leading, global Enterprise Resource Planning (ERP) software provider specializing in key manufacturing and distribution industries. About Lockstep: Lockstep is a connected accounting network that automates accounting workflows between companies.

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Brexit Raises The Stakes For B2B Payments Fraud

PYMNTS

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.

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Going Digital with Invoice Approvals

MineralTree

Accounts payable teams must either email or directly deliver invoices to the desks of decision makers. These include the following: Time Consuming: Invoice approval processes are traditionally manual, requiring accounts payable to follow up directly with decision makers and approvers.

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David Henroid Named a Top Business Advisor by Small Business Monthly

Anders CPA

About David Between his time in public accounting and corporate accounting, David has almost 20 years of experience across a variety of specialties and industries, including manufacturing, construction, real estate and not-for-profit.

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For Manufacturers, Cash Management Is In Their Hands

PYMNTS

A recent research report by the firm explores how these professionals in the manufacturing sector are approaching the issue. Analysts found a major gap in how executives understand the connection between everyday financial functions, like inventory management, accounts payable and accounts receivable, and cash flow.