Airbase

NOVEMBER 29, 2023

You can better identify the best AP automation solution for your organization by following accounts payable best practices. Why you need AP automation. AP Automation best practices 1) Secure stakeholder buy-in. 2) Appoint an AP automation leader. Why you need AP automation.

AP Automation

MineralTree

JANUARY 11, 2024

However, accounts payable (AP) automation can make electronic payments in ERP systems , like Netsuite, much easier. AP automation technology enables streamlined and error-free payment processing while maximizing the potential of NetSuite electronic payments and accelerating ROI.

AP Automation

PYMNTS

MAY 23, 2019

Joint efforts between those traditional finance players and tech-nimble upstarts have helped make AP automation possible for their respective end clients, she told PYMNTS’ Karen Webster. As has been documented in this space, there are some challenges in getting companies to adopt automated AP solutions.

AP Automation

PYMNTS

DECEMBER 9, 2020

Other benefits include tracking invoices for real-time insights; reviewing and approving invoices from any device to allow for both office and remote work; online storage of documents, including past bills, images of cleared checks and vendor-related contracts; and automatic syncing of transactions with common accounting software.

AP Automation

PYMNTS

JUNE 16, 2020

Optical character recognition] and document management for invoices without both a supplier portal and an integrated, auditable approval process is just another point of potential failure,” Amit said. This is where AP automation is stepping in. Businesses must establish touchless interactions with suppliers and banks.

AP Automation

CPA Practice

SEPTEMBER 23, 2024

Global automation platform provider Quadient has been recognized as a Technology Leader in the “SPARK Matrix: Accounts Payable Automation” report, a detailed analysis of the accounts payable (AP) automation market by independent analyst firm QKS Group.

AP Automation

PYMNTS

FEBRUARY 25, 2020

Integrated cloud-based ERP systems that utilize machine learning (ML) can help make the payment process as “touchless” as possible for customers, Haimes said, whether invoices reach AP departments electronically or by paper. These systems’ document processing engines scan for empty or unrecognizable fields, he explained.

AP Automation

PYMNTS

JUNE 19, 2020

Financial institutions (FIs) that meet business clients’ demands for automated AP solutions can build deeper customer relationships, but not all banks and credit unions have prepared such offerings or have the time to develop them in-house. Around The AP Automation World. and took 8.6 About The Tracker .

AP Automation

PYMNTS

NOVEMBER 16, 2018

These benefits all stem from the ability to automate, and the key to automation, Fiorelli said, is the ability to collect electronic data. It’s a major hurdle for many firms, particularly considering the continued use of paper purchase orders (POs), paper invoices and other physical documentation that demands manual data entry.

AP Automation

MineralTree

FEBRUARY 29, 2024

These hurdles stifle efficiency and accuracy, hindering the overall productivity and success of AP teams. But with the right AP automation solution, you can automate and simplify the entire AP process. How do QuickBooks payments work without AP automation?

AP Automation

PYMNTS

FEBRUARY 7, 2019

’s struggles with late supplier payments post a key challenge to the overall economy, making the market “ripe for accessible AP automation.” ” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals.

AP Automation

CPA Practice

AUGUST 14, 2024

Accounting software provider Sage has made new enhancements and updates for their Sage Intacct small and midsized business customers, including rolling out its AP Automation tool globally. AP Automation is a prime example of this and makes us the first mid-market solution to offer this outside of the U.S.

AP Automation

PYMNTS

MARCH 20, 2020

Automation also facilitates interdepartmental communication, making documents and data available in real time to those who need them. Making AP automation key in supplier management will thus pay dividends, providing streamlined operations, greater control over cash flows and deeper knowledge of partners’ activities.

AP Automation

PYMNTS

JUNE 24, 2020

“Businesses that recognize the value of modernizing their AP processes must still determine how best to acquire and implement these solutions,” according to the June 2020 Next-Gen AP Automation Tracker® done in collaboration with Bottomline Technologies. Accessibility, Security and Transformation’. The Last Days of Paper?

AP Automation

PYMNTS

OCTOBER 18, 2017

Consider the fact that payroll automation is done by 49 percent of companies, and that only 37 percent of U.S. businesses automate employee expense management. What’s behind the yawning chasm, then, where AP automation gets such short shrift? Frustration or complacency? Perhaps a bit of both. From 7 percent to … where?

AP Automation

PYMNTS

JUNE 23, 2020

Manual processing creates opportunities that can sap employees’ time and increase the likelihood of errors, making businesses eager to automate their systems and to use technologies to handle such tasks. The accounts payable (AP) automation market is expected to grow from $1.6 The AP Automation Demand.

AP Automation

PYMNTS

MAY 13, 2020

This month’s Next-Gen AP Automation Tracker ® examines how AP tools are smoothing B2B transactions and helping companies to better weather the economic downturn. It also looks at how digital AP tools are helping corporate buyers get the data they need to streamline their invoice processing and speed up payments.

AP Automation

Airbase

OCTOBER 23, 2023

Automated 3-way matching in Airbase. Three-way matching is a fundamental accounting and procurement control process that matches three critical documents related to a purchase: The purchase order (PO). These documents are: Purchase orders. If all three documents match, the invoice is approved for payment.

accounts payable

PYMNTS

DECEMBER 12, 2019

The company said its system’s perks include “eliminating the risk of document loss, standardizing document collection, significantly reducing data-entry time for invoices (this is halved) as well as approval timeframes…”.

AP Automation

PYMNTS

JULY 10, 2020

These small businesses may not have set up supplier portals or other systems that enable vendors to submit invoices in digital or PDF formats, forcing suppliers to send paper documents via postal mail. Relying on AP automation tools could ultimately help SMBs build more resilient, efficient operations. .

AP Automation

Airbase

NOVEMBER 1, 2023

AP Automation Tour Explore 3-way matching in our AP Automation Product tour. With these standards in place, Airbase ensures compliance and compiles the required documentation for every transaction. I definitely like Airbase over others — a lot more user-friendly. Explore tour AI and audit readiness.

Expense Management

MineralTree

NOVEMBER 2, 2023

This involves scrutinizing invoices, payments, and supporting documentation to ensure they comply with internal policies and external regulations. Make sure you’re following documented procedures consistently throughout the year. It involves evaluating the risk associated with vendor information, invoices, and other documents.

accounts payable

Airbase

NOVEMBER 15, 2023

Loop in all stakeholders before purchases are made to collect required compliance or security documentation using integrations with the business systems already used by stakeholders, like Jira for IT and Ironclad for the legal team. AP Automation Tour Explore 3-way matching in our AP Automation Product tour.

NetSuite

PYMNTS

NOVEMBER 13, 2019

To that end, Bottomline Technologies Vice President of Strategy and Product Bill Wardwell said, AP automation can help. Buyer companies need to be able to convert the data within those documents into a digitized workflow, where they can review, approve and better understand the related impact to their cash flows,” he said.

AP Automation

PYMNTS

JULY 26, 2018

Perhaps the biggest takeaway from Hyland and Statista ‘s new accounts payable (AP) report is that, frankly, there isn’t much new to be said about AP automation trends at all. ” What that’s led to is a continued rise in investments in automated solutions, without much improvement in process efficiencies.

AP Automation

Accounting Insight

NOVEMBER 7, 2023

The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. Customers will be able to choose the option that best suits them, ensuring the benefits of AP automation are available to all iplicit users.

Accounts Payable Automation

Ryan Lazanis

APRIL 4, 2022

Accounts payable automation or AP automation tools show you useful data like how much you’re paying (in total) based on vendor, product type, and just about any other category. An AP automation software will likely be much quicker to resolve any sort of payable issue. Document Your Ideal Workflow.

accounts payable

MineralTree

MARCH 30, 2023

Accounts payable (AP) automation has become a popular tool for franchises to overcome these obstacles. In this article, we will discuss the challenges associated with franchise accounting and how AP automation helps solve them. What are the Challenges of Franchise Accounting? accuracy in line item information.

AP Automation

PYMNTS

NOVEMBER 25, 2020

Accounts payable (AP) automation software firm Beanworks has rolled out a function for expense reimbursements to assist companies in automating how they get and handle staffer expenditures, according to an announcement. Supervisors can look over receipts and give the go-ahead for reimbursements from anywhere. "As

Expense Reimbursements

MineralTree

SEPTEMBER 28, 2023

They require document conversions, time-consuming follow-ups with decision-makers, and error-prone manual data entry. Enhancing the invoice approval workflow through AP automation tools can reduce manual effort and boost productivity. The State of AP Report 2023 highlights that a staggering 84.7%

Finance

MineralTree

FEBRUARY 15, 2024

Key takeaways: Many finance departments struggle with AP check runs, facing delays and disruptions due to manual processes and outdated solutions. AP check runs involve approving and issuing checks for vendor payments, with 36% of companies still making over half of their payments by check. Why is the AP check run process important?

AP Automation

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. Transforming AP departments in this way, though, is no straight-forward task — for more reasons than one.

Technology

PYMNTS

OCTOBER 25, 2019

Such technologies are able to analyze data from a document regardless of format or method of presenting that information, and automatically input that data into the necessary back-end systems. Still, regulation will become an important part of supporting organizations’ AP automation journeys.

AP Automation

MineralTree

FEBRUARY 9, 2023

With 56% of healthcare teams anticipating challenges or delays in hiring quality AP staff, it’s crucial that firms focus on retaining their current hires. Digital tools like AP automation software can support these efforts, while also managing additional workload.

Healthcare

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. Final Thoughts.

Technology

MineralTree

JANUARY 18, 2024

For example, integrating payments with AP automation solutions reduces the need for human intervention, reducing unauthorized duplication or alteration. Embrace a paperless process AP workflows historically involved paper processes and time-intensive manual tasks. As a result, you save time and reduce the risk of human error.

accounts payable

MineralTree

NOVEMBER 30, 2023

As the need to drive efficiency grows, many teams are looking to technology to digitize and automate their workflows. The right AP automation solutions can help finance departments not only eliminate tedious, manual work but also streamline their processes and stay compliant with evolving regulations.

Finance