article thumbnail

25 stats show costs of inefficient AP processes.

Accountant Advocate Submitted Articles

Check out 25 stats on the costs of inefficient AP and reimbursement processes | Airbase It’s time to get serious about operational efficiency.

article thumbnail

The major benefits of AP Automation.

Airbase

AP Automation Tour Modern accounts payable automation benefits. Benefits of Airbase AP Automation: Selecting the right AP Automation solution. What is AP automation? AP automation refers to software that handles the workflows associated with the AP process. Features of AP automation software.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AP automation best practices for 2024 and beyond.

Airbase

A leader’s ability to communicate effectively with cross-functional teams, understand the intricacies of financial processes, and leverage technological solutions is crucial. However, it’s important to remember that a modern, well-designed AP solution will not require a lengthy implementation. 3) Prompt invoice processing.

article thumbnail

Don’t be hurt by the shortage of accountants. Give them what they need.

Airbase

At Airbase, we’ve heard stories about the problems that our customers used to have when closing the books, with entries for spend flooding in from all areas on corporate cards, via purchase orders, and from expense reimbursement requests. Schedule a demo with Airbase to see how a spend management platform makes a difference.

article thumbnail

How to tackle your first external audit, before it tackles you.

Airbase

Kelly Hicks and Robin Sharma share advice after Airbase successfully completes its first external audit. As Airbase recently secured its first, we were curious about the experience and caught up with our frontline players for some insights. KELLY: “Airbase itself is a great tool throughout an audit.

audit 130
article thumbnail

Invoice Automation: What you need to know.

Airbase

By the 2010s, many solutions like NetSuite, SAP, and others started offering full automation for AP processes to increase efficiency, accuracy, and control over financial data. A spend management platform is a full AP solution that leverages automation for all non-payroll spend processing. Schedule a demo with Airbase!

article thumbnail

What is procure-to-pay software?

Airbase

The goal of P2P software is to increase efficiency and accuracy in the procurement process while also providing visibility into spending and supplier performance. P2P software supports AP processes by automating procurement activities and capturing relevant financial information What should I look for in a P2P solution?