MineralTree

SEPTEMBER 28, 2023

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.

Finance 78

Finance AP Automation AP Processes Technology 78

MineralTree

APRIL 6, 2023

ERP Integration: How ERP Systems & AP Automation Tools Work Together An Overview of ERP Systems Enterprise Resource Planning (ERP) refers to a software that allows companies to manage various parts of their organization. Unfortunately, ERPs aren’t typically configured in a way that caters to the specific needs of AP staff.

AP Automation 64

AP Automation Technology NetSuite quickbooks 64

PYMNTS

AUGUST 12, 2020

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.

AP Automation 69

AP Automation Construction Technology accounts payable 69

CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal. Almost half (45%) of firms looking to hire anticipate hiring challenges and delays.

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

MineralTree

OCTOBER 19, 2023

However, the traditional manual approach to AP can be time-consuming and error-prone, meaning AP teams are spending valuable time on tedious tasks such as data entry, reconciliation, and chasing approvals. It’s no surprise that MineralTree’s State of AP Report identified the AP function as the No.

accounts payable 75

accounts payable AP Automation AP Processes Approval Workflows 75

Airbase

OCTOBER 25, 2023

If any finance process is overdue for innovation, it’s procurement. Finance teams who must accurately record all transactions, 3. Let’s take a look at IDC’s research and what it means for finance teams. AP Automation Tour Explore 3-way matching in our AP Automation Product tour.

accounts payable 130

accounts payable AP Automation Approval Workflows Technology 130

MineralTree

AUGUST 24, 2023

However, while these AP workflow tasks in QuickBooks provide basic functionality, it falls short when it comes to advanced features tailored to modern AP. As a result, AP teams often complete manual, time-consuming tasks outside of QuickBooks, hindering both accuracy and efficiency.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

CPA Practice

NOVEMBER 14, 2023

Integrating Bill Pay with our other money offerings enables our customers to leverage game-changing automation capabilities and have the visibility and clarity they need when it comes to their finances.” And with QuickBooks’ integrated AP automation capabilities, small businesses save valuable time with manual entry reduced by 48%¹.

quickbooks 111

quickbooks AP Automation Accounts Payable Automation Approval Workflows 111

MineralTree

FEBRUARY 15, 2024

The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes. The other 93.5% Did you know?

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

MineralTree

JUNE 1, 2023

Integrating QuickBooks with a compatible accounts payable automation software helps finance teams digitize their entire AP process. Keep reading to learn the 4 essential steps you need to know to choose an accounts payable automation software that is both compatible with QuickBooks and able to transform your business.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

MineralTree

MARCH 14, 2024

Efficient processing, approval, and payment execution help minimize errors, reduce fraud risks, and ensure timely payments, which are vital for maintaining good vendor relations, operational efficiency, and financial stability. This can be done manually, via email, or with the help of AP automation.

accounts payable 52

accounts payable AP Automation AP Processes Account 52

MineralTree

NOVEMBER 2, 2023

How AP Automation Helps with Auditing Digital transformation significantly enhances the AP auditing process. In particular, AP automation can simplify, streamline, and strengthen audits — a critical advantage given that the majority of finance leaders say are focused on doing more with fewer resources.

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accounts payable audit AP Automation auditor 81

MineralTree

FEBRUARY 22, 2024

However, many SMBs still rely on a patchwork of manual processes to manage their finances, operations, and people, resulting in higher costs and greater inefficiencies. By automating workflows to pay domestic and foreign invoices, SMBs can leverage Sage Intacct to increase efficiency and accelerate future growth. Let’s jump in!

AP Automation 52

AP Automation Oklahoma Technology accounting and finance 52

MineralTree

NOVEMBER 9, 2023

By centralizing data and streamlining processes, ERP systems help organizations manage various aspects of their business, ultimately enhancing data, management, process optimization, and overall productivity from finances to human resources. This integration enhances the efficiency of your AP team while reducing the risk of errors.

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72

MineralTree

DECEMBER 14, 2023

Digital invoice approval involves reviewing, approving, and processing invoices electronically prior to payment. An electronic approval workflow takes out the paper-based component of this process to improve transparency, allowing teams to accurately track the status of their invoices.

accounts payable 66

accounts payable AP Processes AP Automation Approval Workflows 66

MineralTree

JANUARY 12, 2023

With the right AP automation solution , both AP teams and their vendors can get more visibility to track payments. Reduced late payments: Many AP automation solutions make it easy to pull reports, such as the AP Aging Report, which gives insight into which payments are due soon. Use Invoice Capture.

Technology 80

Technology AP Automation AP Processes Approval Workflows 80

PYMNTS

JUNE 30, 2016

The AP department was seen as having the greatest level of collaboration with suppliers, and to be working closely within the enterprise among the procurement function. Companies considered the AP unit as far less collaborative with the finance and treasury departments, researchers found.

accounts payable 41

accounts payable AP Automation Approval Workflows accounting and finance 41

PYMNTS

AUGUST 15, 2016

The survey gathered data from 120 respondents, whose titles included “AP manager, controller, chief financial officer, finance executive, accounting director and accountant.”. In total, it amounted to the average finance staff spending the equivalent of Monday morning through Wednesday afternoon on that alone.

AP Automation 40

AP Automation Approval Workflows Technology AP Processes 40

PYMNTS

NOVEMBER 13, 2019

To that end, Bottomline Technologies Vice President of Strategy and Product Bill Wardwell said, AP automation can help. Accounts payable has a tremendous opportunity to transform and improve their business’s overall approach to managing finances, operations, and trading relationships,” he told PYMNTS in an interview.

AP Automation 46

AP Automation Technology accounts payable Accounts Payable Automation 46