Accounting Insight

JANUARY 18, 2023

Finance leaders, who once found themselves simply forecasting, budgeting, and reporting, are now responsible for defining a strategy for a company and seeking productivity improvements that increase growth potential. Old technology like Microsoft Excel simply cannot deliver what finance needs.

Technology 52

Technology Finance accounting and finance audit 52

Dent Moses

APRIL 3, 2024

Expense reimbursement problems are commonly rooted in paper-based systems, which result in lost receipts, data entry errors, and delayed approvals. Modern accounting software can automate these processes, providing a seamless experience for both employees and finance teams. However, selecting the right software can be overwhelming.

Expense Reimbursements 52

Expense Reimbursements Technology Approval Workflows accounting and finance 52

Dent Moses

APRIL 1, 2024

Expense reimbursement problems are commonly rooted in paper-based systems, which result in lost receipts, data entry errors, and delayed approvals. Modern accounting software can automate these processes, providing a seamless experience for both employees and finance teams. However, selecting the right software can be overwhelming.

Expense Reimbursements 52

Expense Reimbursements Technology Approval Workflows accounting and finance 52

Airbase

OCTOBER 25, 2023

If any finance process is overdue for innovation, it’s procurement. Finance teams who must accurately record all transactions, 3. Let’s take a look at IDC’s research and what it means for finance teams. It is immediately obvious where the action lies, and parallel approvals are supported.

accounts payable 130

accounts payable AP Automation Approval Workflows Technology 130

Airbase

NOVEMBER 15, 2023

Accounts payable demands a significant portion of a finance team’s time and effort. Modern solutions increasingly take a more holistic approach and automate many pre-accounting tasks, like approval workflows and securing receipts and contracts. The importance and evolution of accounts payable.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

Airbase

MAY 12, 2023

Some examples of these policies might include: Finance has clear expense policies in place, including what documentation is required and who needs to approve new purchases. It also places an undue burden on managers and the finance team when they are forced to “police” employees to make sure spend requests are compliant.

Approval Workflows 130

Approval Workflows Modern Spend Management Legal Spend Management 130

Airbase

NOVEMBER 2, 2023

In addition to greater control, security, and flexibility, virtual card payments can save finance teams hours of tedious work. David Coffman, VP Finance at Doximity, says Airbase virtual cards play an integral role in cutting the company’s time-to-close in half. Let’s take a deep dive into the many benefits of virtual card payments.

accounts payable 130

accounts payable Account accountant accounted 130

Airbase

JUNE 30, 2023

Booking flights, hotels, and other transportation within budget is tricky for employees who may not understand all travel policies, and find themselves juggling multiple platforms to book, request approval, and submit receipts. Airbase Travel Management with a TravelPerk integration puts finance teams and budget owners in the driver’s seat.

NetSuite 130

NetSuite Expense Management Approval Workflows accounting and finance 130

MineralTree

OCTOBER 19, 2023

However, the traditional manual approach to AP can be time-consuming and error-prone, meaning AP teams are spending valuable time on tedious tasks such as data entry, reconciliation, and chasing approvals. 1 digital transformation priority for finance leaders. How can I automate accounts payable?

accounts payable 75

accounts payable AP Automation AP Processes Approval Workflows 75

MineralTree

OCTOBER 26, 2023

Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape. In fact, boosting productivity for lean AP teams is top of mind for 59% of finance leaders. Let’s explore two key benefits of AP automation.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

CPA Practice

NOVEMBER 14, 2023

Integrating Bill Pay with our other money offerings enables our customers to leverage game-changing automation capabilities and have the visibility and clarity they need when it comes to their finances.”

quickbooks 111

quickbooks AP Automation Accounts Payable Automation Approval Workflows 111

Airbase

NOVEMBER 29, 2023

Once the accounts payable processes are updated, savvy finance teams can gain maximum benefit and significantly improve overall workflow efficiency and cost control within their organization. Plus, the benefits of accounts payable automation extend beyond the finance department. 9) Leverage real-time analytics.

AP Automation 130

AP Automation Technology accounts payable AP Processes 130

MineralTree

DECEMBER 14, 2023

Digital invoice approval involves reviewing, approving, and processing invoices electronically prior to payment. An electronic approval workflow takes out the paper-based component of this process to improve transparency, allowing teams to accurately track the status of their invoices.

accounts payable 66

accounts payable AP Processes AP Automation Approval Workflows 66

Cherry Bekaert

MARCH 22, 2024

For finance leadership and teams, this requires constantly analyzing, reforecasting, rethinking new data, and determining new approaches to drive business. Use Sage Intacct Purchasing to create structured, predefined transaction and purchase approval workflows that increase speed, accuracy and efficiency.

general ledger 115

general ledger accounts payable Technology accounting and finance 115

Acterys

NOVEMBER 7, 2023

Implementing a unified planning analytics solution allows you to consolidate workforce, finance, accounts and sales data into a single platform. Enhance Workflow Efficiency Traditional planning and forecasting cycles can be time-consuming and infrequent, leading to missed opportunities and an inability to respond quickly to market changes.

accounting and finance 130

accounting and finance Technology Approval Workflows Finance 130

Accounting Insight

MAY 26, 2023

The announcement was made ahead of the accountancy and finance conference Accountex London. By combining Lightyear’s real-time data extraction capabilities with iplicit’s advanced reporting engine, finance teams now have another efficient solution for integrating our automation software with their accounting software.

Accounts Payable Automation 72

Accounts Payable Automation Technology accounts payable Account 72

CPA Practice

MAY 26, 2023

With NetSuite for Government, agencies can automate: Core Fund Accounting: Helps agencies to efficiently manage finance and accounting with integrated general ledger, accounts receivable, accounts payable, cash management, statistical accounting, allocation schedules, and real-time reporting capabilities.

NetSuite 52

NetSuite Government general ledger Approval Workflows 52

Airbase

APRIL 18, 2023

Airbase’s approval workflows have always routed requests to the appropriate spend approvers, but now additional stakeholders can maintain oversight and participate in approvals without ever leaving the software environments they rely on. IT teams might use Jira and OneTrust, legal teams might use Ironclad and DocuSign.

Modern Spend Management 130

Modern Spend Management Spend Management Approval Workflows audit 130

MineralTree

AUGUST 24, 2023

We knew we’d eventually have to move to NetSuite,” said Steve Goden, SVP of Finance and Operations. Add an Automated Approval Workflow The lack of an integrated approval workflow and limited number of user licenses in QuickBooks often requires manual approvals via email.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

PYMNTS

AUGUST 12, 2020

Finance administrators and project managers both benefit from automation of the accounts payable process. Finance administrators have less work because manual signatures aren’t required, paper files are taken out of the equation and invoice data can be searched.

AP Automation 69

AP Automation Construction Technology accounts payable 69

MineralTree

FEBRUARY 15, 2024

The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. From refining invoice approval workflows to embracing the digital shift, each step is a stride toward efficiency and precision. Today, only 6.5%

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

Accounting Seed

JANUARY 9, 2024

Use collaborative tools and platforms to facilitate seamless communication between finance teams and all other departments to ensure information is shared and to maintain a cohesive workflow—it’s worth the investment! How can Accounting Seed help?

Account 59

Account accountant accounted Technology 59

MineralTree

NOVEMBER 9, 2023

By centralizing data and streamlining processes, ERP systems help organizations manage various aspects of their business, ultimately enhancing data, management, process optimization, and overall productivity from finances to human resources. This integration enhances the efficiency of your AP team while reducing the risk of errors.

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72

Accounting Insight

FEBRUARY 16, 2023

If your business is scaling, it’s likely that so is your finance team. It also leaves finance teams in the dark about expenses instead of giving them vital real-time visibility over company spending. You and your finance team can build in custom spend categories via the platform. Take expenses, for example.

payroll 59

payroll Spend Management Solutions Expense Management accounting and finance 59

MineralTree

MARCH 14, 2024

Efficient processing, approval, and payment execution help minimize errors, reduce fraud risks, and ensure timely payments, which are vital for maintaining good vendor relations, operational efficiency, and financial stability. It’s no wonder why most companies say AP is the most important function in finance to automate.

accounts payable 52

accounts payable AP Automation AP Processes Account 52

Airbase

APRIL 4, 2023

During this time, we are going to see many finance teams bombarded with account change requests and asks to urgently modify wire destinations. We’ve rolled out two new features which provide extra support to our vendor portal and security features: Approval workflow for vendor payment detail changes.

Approval Workflows 130

Approval Workflows accounting and finance accounts payable payroll 130

SchoolofBookkeeping

FEBRUARY 26, 2024

It also provides features such as automatic payment scheduling, approval workflows, and payment tracking. Business owners can use BILL to set up approval workflows and schedule payments in advance. BILL is the BILL also provides an online portal where vendors can submit bills and view payment status.

quickbooks 52

quickbooks Bill Payment Platform Expense Reimbursements Approval Workflows 52

MineralTree

JUNE 1, 2023

Integrating QuickBooks with a compatible accounts payable automation software helps finance teams digitize their entire AP process. Understanding QuickBooks AP in its Standard Format QuickBooks is a popular accounting software that many small to mid-sized businesses use to manage their finances.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

MineralTree

JANUARY 11, 2024

By automating the accounts payable process, accounts payable software solutions , like MineralTree, streamline invoice management, invoice approval workflows , and payment execution, minimizing errors and reducing the need for AP teams to intervene manually.

AP Automation 81

AP Automation NetSuite Technology AP Processes 81

PYMNTS

OCTOBER 21, 2020

The idea is to assist SMBs manage everything that is connected to spend in one platform that will allow them to manage expenditures in addition to creating request-approval workflows as well as tailored spend restrictions, among other features. billion annually in losses due to ineffective finance and administrative procedures.

Approval Workflows 52

Approval Workflows B2B accounting and finance Technology 52

MineralTree

APRIL 6, 2023

They are commonly used within the finance department, including accounts payable , accounts receivable, and purchasing. Smaller organizations that lack the available funds to finance a similar role often turn to outside consultants to help. Streamlined Invoices Approval Workflows AP automation makes invoice approvals easy.

AP Automation 64

AP Automation Technology NetSuite quickbooks 64

PYMNTS

DECEMBER 26, 2018

will drive finance departments to find ways to process and accept payments via means other than traditional card processors with high fees. “Blockchain will begin to emerge as a meaningful technology in use cases like auditing and approval workflows, where strict corporate processes must be adhered to for payment authorization.

Technology 80

Technology Approval Workflows B2B audit 80

MineralTree

FEBRUARY 22, 2024

However, many SMBs still rely on a patchwork of manual processes to manage their finances, operations, and people, resulting in higher costs and greater inefficiencies. Small and mid-sized businesses (SMBs) are the bedrock of the global economy — responsible for the majority of jobs, products, and services worldwide.

AP Automation 52

AP Automation Oklahoma Technology accounting and finance 52

MineralTree

NOVEMBER 2, 2023

In particular, AP automation can simplify, streamline, and strengthen audits — a critical advantage given that the majority of finance leaders say are focused on doing more with fewer resources. Auditors can access real-time data, track invoices and payments, and monitor approvals, which makes the audit process more efficient.

accounts payable 81

accounts payable audit AP Automation auditor 81

Snyder

DECEMBER 21, 2022

By definition, it’s an estimation of future business incomes and expenses based on the evaluation of the business finances over a certain past period. The advantages are pretty obvious: apart from the time saved, there’s a clearer view of business finances based on full and accurate data. What is a business budget?

quickbooks 72

quickbooks NetSuite E-commerce accounting and finance 72

MineralTree

JANUARY 12, 2023

Improved cash flow management: AP teams need visibility into key finance metrics in order to strengthen their cash flow management. When evaluating solutions, it’s important to consider existing business rules, approval workflows and controls, and how these would translate to an automated environment. Use Invoice Capture.

Technology 80

Technology AP Automation AP Processes Approval Workflows 80

PYMNTS

JUNE 30, 2016

Companies considered the AP unit as far less collaborative with the finance and treasury departments, researchers found. Ardent Partners found that 71 percent of companies leverage AP data when handling invoice exceptions, and 67 percent said they leverage that data to improve collaboration between the finance and procurement department.

accounts payable 41

accounts payable AP Automation Approval Workflows accounting and finance 41