MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. The process includes invoice receipt, verification, approval, and eventual payment.

accounts payable 80

accounts payable AP Processes AP Automation Technology 80

Airbase

JANUARY 11, 2023

Asking employees for required documentation — often repeatedly. Not only are these manual processes a waste of a significant investment in education, but they’re also more likely to result in mistakes. To solve these problems and free up time for more meaningful work, we’re focused on automating and consolidating the full AP process.

Technology 130

Technology Spend Management Platform accounting and finance Expense Reimbursements 130

PYMNTS

AUGUST 21, 2019

But, as he noted, procure-to-pay processes involve manual labor across several steps. As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents. This will eliminate lost documents and storage,” he said.

AP Processes 46

AP Processes AP Automation Technology accounts payable 46

Airbase

JANUARY 13, 2023

Invoice automation software can automate this process, and, in addition, some software allows you to create custom validation rules and workflows that can be used to ensure that all three documents match before the invoice is processed. It’s also worth noting that not all companies have the same requirements.

Technology 130

Technology Approval Workflows NetSuite Spend Management 130

MineralTree

SEPTEMBER 28, 2023

The upcoming State of AP Report 2023 highlights that almost half of respondents (49.1%) express concerns about reducing AP processing costs. For example, businesses that rely on manual invoice processing spend up to $12.44 This holds especially true in today’s economy. per invoice on average.

Finance 78

Finance AP Automation AP Processes Technology 78

Ryan Lazanis

APRIL 4, 2022

Streamlining bill payments can often get overlooked, but the accounts payable process or AP process has a number of benefits such as: 1. An AP automation software will likely be much quicker to resolve any sort of payable issue. A reconciliation process with your bookkeeping solution, to keep your books clean.

accounts payable 96

accounts payable Technology Accounts Payable Automation AP Automation 96

Airbase

JANUARY 31, 2023

KELLY: “The auditors will ask about processes and controls. You need documentation around everything — it’s helpful to have that pulled together before you begin. ROBIN: “The biggest challenge was not the creation of procedures or processes, but the curation of them. Certain things they asked for meant we had to scurry.”

audit 130

audit auditor Spend Management Platform accounting and finance 130

PYMNTS

MAY 13, 2020

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. Around The AP Automation World. For more on these and the rest of the latest AP automation headlines, download the Tracker.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

PYMNTS

DECEMBER 15, 2020

De ep Dive: Giving Invoice Processing A Digital Boost. Businesses that receive paper invoices from their vendors can struggle to keep AP processes running quickly and smoothly, especially when this means their staff has to then manually review and type up the details from the documents.

Healthcare 107

Healthcare B2B Technology accounts payable 107

PYMNTS

DECEMBER 3, 2020

Kofax's solutions, the release stated, help to boost the speed and ease of processing financial documents and data, including automation of time-consuming manual work and easy ways to connect financial systems. The new solutions will go further toward transforming AP processes with automation.

accounts payable 69

accounts payable AP Processes Account accounted 69

MineralTree

SEPTEMBER 7, 2023

The Advantages of a Paperless Invoice Approval System Using a paperless invoice approval solution can help AP departments streamline approvals in a number of different ways. From gaining visibility into the AP process to managing payments in a more timely manner, going paperless has many benefits.

Approval Workflows 77

Approval Workflows AP Processes Technology quickbooks 77

PYMNTS

JUNE 24, 2020

One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore. AP automation’s time is now, but it’s not a one-size-fits-all proposition. The Last Days of Paper?

AP Automation 95

AP Automation Technology Account accounted 95

MineralTree

JANUARY 11, 2024

With MineralTree, teams can improve their AP process in weeks instead of months. Steps for Making Electronic Payments with NetSuite and AP Automation To effectively enable electronic payments within NetSuite using AP automation, you need to follow a structured approach to ensure seamless execution.

AP Automation 81

AP Automation NetSuite Technology AP Processes 81

MineralTree

AUGUST 24, 2023

Improving the QuickBooks AP Workflow: 11 Reasons to Automate While many organizations continue to rely on the current AP workflow in QuickBooks, the need for a more streamlined process is becoming increasingly clear. Automation tools eliminate this manual work and streamline the entire AP process so you can pay vendors faster.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

MineralTree

NOVEMBER 9, 2023

An Overview of MineralTree’s Integration Capabilities MineralTree offers a wide range of ERP integration options , simplifying the transition to digital AP processes. Sage Intacct The integration with Sage Intacct allows seamless data exchange, helping AP teams efficiently manage their financial data.

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72

MineralTree

MARCH 9, 2023

In this article, we explore the common issues with B2B cross-border payments and the steps companies can take to improve their international AP process. Leverage automated AP workflows Automated AP workflows increase speed, visibility, and efficiency across the AP process. What are B2B Cross-Border Payments?

B2B 74

B2B AP Processes AP Automation Tax 74

MineralTree

NOVEMBER 30, 2023

Invest in Paperless Processes Transitioning to a paperless AP process minimizes manual paperwork requirements and expedites document retrieval and approval cycles. Automate the Entire End-to-End AP Process AP automation encompasses invoice capture , approval workflows, payment processing, and reconciliation.

Finance 91

Finance AP Automation Approval Workflows Technology 91

PYMNTS

JULY 10, 2020

These slow processes make it difficult for AP professionals to quickly pull up information on payment obligations, and they also present plenty of opportunities for human error. SMBs are more likely than larger firms to have old-school AP methods that cause undue frictions. Cutting Out Inefficiencies.

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

PYMNTS

FEBRUARY 12, 2020

In other Esker news, the company partnered with Fuji Xerox , a document services unit, about a year ago to offer accounts payable (AP) solutions across the Asia Pacific region. The goal was to help companies improve efficiency in their AP processes as well as boost the performance of cash flow.

AP Processes 69

AP Processes accounts payable Technology accountant 69

MineralTree

OCTOBER 5, 2023

Lack of Information or Incorrect Information Manual AP processes can lead to inaccurate data entry, resulting in discrepancies that need to be reconciled during the month-end close. Additionally, AP teams may waste valuable time tracking down information buried in paper invoices that wasn’t transferred accurately to their ERP system.

AP Automation 76

AP Automation accounts payable AP Processes accounting and finance 76

PYMNTS

NOVEMBER 21, 2018

It may be that the costs and labor associated with choosing and integrating AP automation tools is too great. High vendor volume and supplier turnover rates, for instance, are among the biggest challenges to AP automation. . “It’s born digital. “People are just used to it,” he said.

Technology 63

Technology AP Automation accounts payable Accounts Payable Automation 63

Cherry Bekaert

MARCH 22, 2024

With purchasing functionality enabled, you can define the workflows and approvals to align with the way you operate, giving your organization complete visibility into the entire AP process. You can automate your processes, submit invoices by email, and offer more payment options.

general ledger 115

general ledger accounts payable Technology accounting and finance 115

PYMNTS

OCTOBER 29, 2018

The key in AP automation is to have technology that is able to handle a range of scenarios: for instance, being able to automatically process invoices, regardless of whether they come in as a paper document, PDF or true eInvoice. However, AP automation remains, in many cases, incomplete.

Technology 73

Technology AP Automation B2B accounts payable 73

PYMNTS

SEPTEMBER 26, 2018

Most professionals surveyed agreed accounts payable is either an exceptionally or very valuable function of the enterprise, and most have been able to standardize their AP processes, achieve two- or three-way matching capabilities, and automatically route invoices for approval. less to process a single invoice.

accounts payable 64

accounts payable Account accounted accountant 64

MineralTree

FEBRUARY 15, 2024

Refine AP documentation processes Proper documentation is essential for AP teams because it ensures all financial transactions are accurately recorded and accounted for. Many organizations struggle with outdated and inefficient documentation practices, resulting in costly errors and delays in processing payments.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

MineralTree

JANUARY 12, 2023

Digitizing payments can help AP teams by increasing visibility across their workflow, reducing processing costs, and minimizing human errors associated with traditional AP processes. However, this mountain of paper was difficult to organize, creating numerous issues for the AP team.

Technology 80

Technology AP Automation AP Processes Approval Workflows 80

MineralTree

DECEMBER 7, 2023

The streamlined process eliminates the need for paper checks and the associated manual processes. Checks Checks are a traditional method of payment that requires organizations to issue physical documents, which recipients must then manually sign and deposit.

AP Automation 79

AP Automation accounts payable AP Processes accounting and finance 79

CPA Practice

SEPTEMBER 23, 2024

This marks the second year in a row that Quadient has been named a leader in both AP and AR in the SPARK Matrix reports.

AP Automation 52

AP Automation Technology Accounts Payable Automation accounts payable 52

Going Concern

MAY 24, 2023

Developed by the same expert team that created Nanonets, Flow offers powerful AI and machine learning models that automate the entire accounts payable process, end to end, from approvals to payments. Thanks to the scalability of this technology, it’s a great fit for organizations of all sizes.

CPA 105

CPA Technology accounts payable Accounts Payable Automation 105

Accounting Insight

JANUARY 8, 2024

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. By Valerie Mazzoni-Colin, VP Global Product Marketing, Finance and Document Automation at Quadient Accounts Payable.

accounts payable 105

accounts payable B2C Technology accounting and finance 105

MineralTree

MARCH 30, 2023

Eventually, this prompted the team to explore ways to streamline their AP process. However, because our AP process was entirely paper-based and manual, we had to go into the office to pay our vendors. Request a free demo today to learn more about how MineralTree can automate your AP processes.

AP Automation 79

AP Automation Account accounted accountant 79

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions. In reality, however, paper continues to circulate in AP and AR departments.

B2B 73

B2B accounting and finance AP Processes Technology 73

PYMNTS

FEBRUARY 24, 2016

Buy-side organizations may be inadvertently giving themselves a bad name with their business partners, contributing to the stereotype that procurement remains plagued by outdated, sluggish, paper-based processes and that procurement officials are unwilling to upgrade.

AP Automation 40

AP Automation AP Processes accounts payable Technology 40

PYMNTS

DECEMBER 3, 2020

Kofax's solutions, the release stated, help to boost the speed and ease of processing financial documents and data, including automation of time-consuming manual work and easy ways to connect financial systems. The new solutions will go further toward transforming AP processes with automation.

B2B 60

B2B accounts payable AP Automation AP Processes 60

PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb.

accounts payable 43

accounts payable AP Automation Technology AP Processes 43

PYMNTS

NOVEMBER 26, 2020

Vodicka recently told PYMNTS about how firms’ B2B transaction strategies are shifting, including how business clients are adopting new AP technologies to streamline and accelerate payments and how companies like Dell are responding with AR modernizations. . Digitizing AP Processes.

B2B 67

B2B Technology accounts payable AP Processes 67

PYMNTS

JANUARY 29, 2019

For businesses that do experience a high volume of exceptions, the AP department can remain a manual area of the enterprise, even with technological adoptions. That’s because many automated technologies will simply route an invoice flagged as an exception to a human for manual review of the document.

accounts payable 64

accounts payable Technology Account accounted 64