Remove AP Processes Remove audit Remove B2B
article thumbnail

Ancora On Streamlining AP Processes With Machine Learning

PYMNTS

The changing regulatory environment has also proven to be a tailwind for AP automation. Legislation like the Sarbanes-Oxley Act and others have put pressure on companies to be able to show an auditable and measurable process in all their financial systems,” Flynn said.

article thumbnail

How AR-AP Connectivity Works To Deepen Buyer-Supplier Ties

PYMNTS

As a whole, these services have one thing in common: They all reflect technology’s heightened ability to promote stronger buyer-supplier partnerships, with solutions that deepen AR-AP ties while also looking at ways to use automation, data intelligence and FinTech to ease friction for both ends of the B2B transaction.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The AP Approach Behind Ethically Sourced Chocolate

PYMNTS

He still predicted that easy-to-use B2B payment apps could supplant paper-based processes, and that the pandemic-driven shift to remote operations could spur this transition. Business owners are more removed from their companies’ AP processes when staff are working in different locations, after all.

article thumbnail

How Better Invoice Data Extraction Leads To More Efficient AP Management

PYMNTS

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. And emails, he said, also do not serve as the best way to audit approval cycles.

article thumbnail

As Audits Loom, AP Automation Moves To Top Of Mind

PYMNTS

In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort. In the latest Topic TBD, Chen Amit, CEO of payables automation company Tipalti , told PYMNTS’ Karen Webster that automating the AP process lets management focus on, well, managing.

article thumbnail

Legacy Accounts Payable Has Run Out Of Excuses

PYMNTS

A new report from AP management firm MineralTree argues that the extra padding provided by the sluggish pace of paper checks is no longer worth the extra time a company gains. “If the accounts payable process sounds ancient and arcane, add in the headaches of answering anxious vendor calls (‘the check’s in the mail!

article thumbnail

Mobile’s Next Corporate Target — And Biggest Roadblock

PYMNTS

The firm added that the mobile device can smooth out the areas of accounts payable that take the most time, but to do so, AP processes must embrace automation. According to Esker, that demand comes with an increasing need not only for transparency but for faster insight into the data AP professionals seek.