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How TCS Guernsey Reduced AP Tasks From 3 Days to 10 Minutes

Accounting Insight

The bookkeeping business now uses Lightyear to automate the accounts payable (AP) and bookkeeping processes for 37 clients, mainly in hospitality and retail. The Never-Ending Statement Nightmare Working with hospitality and retail clients results in a high volume of invoices to process. . ” explains Millie.

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AP Automation: B2B’s Digital Shift Accelerates Move To Touchless Payables

PYMNTS

In the continuous movement toward automating B2B payments – and especially payables – the pandemic is pushing firms to examine internal workflows and embrace the touchless process. Robotic process automation and accounts payable (AP) automation can be blended into solutions that are verticalized for specific tasks.

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What No One Saw Coming In AP Automation And What Comes Next

PYMNTS

Drilling Into The Hospitality Sector. To get a sense of how the coronavirus has upended the very way industries operate — and how buyer/supplier dynamics can be improved through automation — consider the fact that Patel’s firm operates within the hospitality industry, specifically in hotel investment and construction.

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How AP Digitization Tackles Hospitals’ Biggest AR Woes

PYMNTS

Accounts receivable departments are often hospitals’ first lines of defense for maximizing days cash on hand, but when cash flow trickles to a drip, the ramifications are felt all the way through to accounts payable. Cash is always important, but for hospitals, it’s extra important,” he said in an interview.

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What U.S. Bank Is Doing To Drive Virtual Card Adoption

PYMNTS

Mainly, AP professionals and vendors are tied to legacy systems built around paper-based payments, and both sides hesitate to implement virtual card solutions, fearing disruption to current enterprise resource planning (ERP) systems. Across The Next-Gen AP Automation Space. About The Tracker.

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Repay Holdings Seals Deal For CPS Payment Services

PYMNTS

3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. The centerpiece of CPS’ offerings is the firm’s proprietary AP automation software. Repay Holdings said on Tuesday (Nov.

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The Ultimate Guide to Digital Transformation in Accounts Payable

MineralTree

These challenges have prompted more teams to prioritize AP automation as part of larger digital transformation initiatives. By improving internal processes, maximizing efficiencies, and strengthening vendor relationships, digital transformation projects help organizations optimize their limited workforces, especially in AP.