This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Chief among the uses for automation in accounting are functions like accounts payable, accounts receivable, and spend & expense management. Accounts Payable automation can streamline data extraction, approvalworkflows, and automatic payment scheduling based on due dates.
Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managingaccounts payable processes can pose significant challenges.
By following these accounts payable best practices, your business can establish controls, prioritize invoices, eliminate fraud, strengthen vendor/supplier relationships, eliminate paper-based processes, and easily reconcile accounts. That doesn’t leave much time for building new business or offering more high-value services.
Most companies have no approval solution for corporate cards. Utilize BILL Spend & Expense to manage credit card purchases and other expenses. This tool allows you to set up approvalworkflows that align with your company’s policies. Learn more about Basis 365 Accounting’s fully managedAccounts Payable services.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content