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Modulr acquires accounts payable automation disruptor Nook

Accounting Insight

Today’s businesses often have no choice but to use multiple platforms to manage their financial operations, from paying supplier invoices to processing payroll, managing treasury, and accessing finance. For instance, 60% of large companies use at least five separate systems just for accounts payable.

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Finance teams chase missing receipts weekly for one in three employees, survey reveals

Accounting Insight

UK finance teams are spending increasing time chasing missing receipts and untangling incomplete expense data, with 1 in 10 (10%) of employees contacted daily and nearly one-third (28%) chased weekly. This outdated approach leaves finance teams juggling multiple disconnected tools and dealing with slow and difficult expense processes.

Finance 52
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Beyond the Buzz: How the use of practical AI can transform finance departments

Accounting Insight

The business impact of this volatility means that finance leaders need more insight into their financial data than ever and cannot afford any inefficiencies. Doing so will ensure that your finance team stays resilient and has the strategic insight to plan for 2025 and whatever lies beyond. However, all hope is not lost.

Finance 52
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“Slow approvals cost more than time – they cost growth” warns AccountsIQ CEO as company tackles industry approval delays

Accounting Insight

To counteract this, AccountsIQ has introduced its new Workflow Approval Engine, designed to help businesses streamline approvals, improve compliance, and gain full visibility over financial workflows. Darren Cran, CEO of AccountsIQ, commented: Slow approvals cost more than time; they cost growth.

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Introducing US online bill payments, powered by BILL

Xero

The benefits to small businesses and their advisors include: Reducing manual workflows: No more writing checks, manual approval workflows or logging in and out of multiple platforms. So we want to make this process easier and more efficient for small businesses by simplifying the end-to-end accounts payable workflow.

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As Businesses Shift Focus to Efficiency, Finance Teams Must Find Ways to Do More with Less in AP

CPA Practice

As a result, finance leaders find their departments squarely in the spotlight—keeping a closer eye on their balance sheets, taking fewer risks, and focusing more on efficiency and value over growth. Despite these pressures, finance leaders looking to staff up are facing difficulties. Almost half anticipate hiring challenges or delays.

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How to Improve the NetSuite Invoice Approval Workflow

MineralTree

From manually inputting invoice data to chasing down approvers for signatures, a traditional paper-based approval process contains many time-consuming, manual steps that slow down payments and sap resources. Automating invoice approvals with NetSuite in this way boosts accuracy and efficiency.