Accounting Insight

MARCH 17, 2023

However, what often happens in times of inflation is that we have to spend more to get the same product. Or we keep our spending reined in but get less product than we need due to the higher prices. Automation reduces the number of human errors and manual interventions required.

AP Automation 52

AP Automation AP Processes accounts payable Accounts Payable Automation 52

MineralTree

MARCH 23, 2023

This same principle applies to AP automation solutions. Products using an intermediary or FBO account to make vendor payments are akin to connecting flights. These AP solutions move funds first from your bank account to the processor’s account before finally delivering them to the organization you’re paying.

AP Automation 65

AP Automation Account accountant accounted 65

MineralTree

SEPTEMBER 28, 2023

To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.

Finance 78

Finance AP Automation AP Processes Technology 78

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. The competition is undoubtedly heating up. “I think everybody recognizes that B2B payments are an enormous opportunity in the U.S.

AP Automation 127

AP Automation Technology accounts payable B2B 127

PYMNTS

MARCH 6, 2020

FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. These financial institutions are providing lines of credit, and he says it’s the company’s job as a leader in FinTech to provide banks with the products and solutions that are going to help them advance their case with the customer.

AP Automation 100

AP Automation Technology accounts payable Account 100

CPA Practice

OCTOBER 3, 2023

Sizing the market opportunity, Deutsche Bank Research estimated in 2021 that AP automation and ePayments combined represent ~$70bn in US revenue opportunity, not including the international opportunity, which they estimated could be ~3-5x larger.

AP Automation 59

AP Automation Technology Accounts Payable Automation accounts payable 59

PYMNTS

JULY 27, 2020

While we already do both, the cPayPlus acquisition will strengthen our AP automation offering, further enabling us to deliver best-in-class solutions that address all of our clients’ AR and AP automation and payment needs.”. The already high need for our product has been amplified since the onset of the COVID-19 pandemic.

AP Automation 52

AP Automation Technology accounts payable Accounts Payable Automation 52

PYMNTS

MARCH 23, 2020

The March 2020 Next-Gen AP Automation Tracker ® done in collaboration with Bottomline Technologies , contains a wealth of information and inspiration for treasury and finance executives faced with issues of reducing fraud and error, cutting costs and increasing payments accuracy across the board. But it all hinges on reliable data.

AP Automation 52

AP Automation Technology accounts payable accounting and finance 52

PYMNTS

JANUARY 31, 2021

OnPay Solutions , which works in accounts payable (AP) automation, has struck a partnership with business innovation intelligence platform CapX to offer new supplier payment automation for clients, according to a press release.

AP Automation 67

AP Automation Technology Accounts Payable Automation accounts payable 67

PYMNTS

AUGUST 17, 2020

“Companies are now working to revamp and upgrade their accounts payable (AP) strategies to suit an environment in which financial teams must work remotely and in which cash flow strains are especially likely,” the new Guide states. And operations still using manual accounts payable (AP) methods are really rethinking things. “A

AP Automation 61

AP Automation Technology accounts payable AP Processes 61

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. For LockerDome, Lewis explained that one of the most glaring areas of inefficiencies in AP processes is the supplier payment itself. A Payments Balancing Act.

AP Automation 52

AP Automation Technology accounts payable AP Processes 52

PYMNTS

DECEMBER 27, 2019

In the latest Next-Gen AP Automation Tracker , PYMNTS examines the way that B2B payment needs are shifting, and how firms are responding to these needs with innovative technologies and products. Across The AP Automation Space. How Innovative Payment Methods Are Helping Drive AP Automation.

AP Automation 52

AP Automation Technology accounts payable B2B 52

PYMNTS

FEBRUARY 28, 2020

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. Yet, in the procure-to-pay space, streamlining and automating vendor payments can be a particularly challenging feat.

AP Automation 83

AP Automation accounts payable B2B quickbooks 83

PYMNTS

JULY 23, 2020

All of it will help companies continue a longer-term digital transformation using the upgraded AP automation and lower costs of ownership. Dmitriy Lerman , director of AP Product Management for GEP, said the idea is to offer something affordable as a way to transition to digital business.

AP Automation 56

AP Automation Technology accounts payable B2B 56

PYMNTS

FEBRUARY 25, 2020

Oracle achieved this in part by collecting feedback from its Idea Center online community portal, where its development team workshopped product ideas and gathered customer reactions. “We Oracle also receives cloud customers’ instant reactions to particular products, enabling its team to make responsive changes and speeding up development.

AP Automation 61

AP Automation Technology accounts payable Education 61

CPA Practice

DECEMBER 17, 2023

AP automation is a key strategy for many finance leaders In the survey, finance leaders ranked AP automation as their top digitization priority in the back office—ahead of Accounts Receivable (AR), expense management, close management, and forecasting. 63% are making faster, more timely payments.

AP Automation 132

AP Automation Finance AP Processes Approval Workflows 132

Accounting Insight

NOVEMBER 7, 2023

The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. Customers will be able to choose the option that best suits them, ensuring the benefits of AP automation are available to all iplicit users.

Accounts Payable Automation 69

Accounts Payable Automation accounts payable Technology AP Automation 69

PYMNTS

OCTOBER 9, 2019

The convergence of accounts payable and accounts receivable has led many in the AP automation industry to begin turning their attention to the supplier. Although buyers may want to use card products, many vendors prefer not to accept the interchange fee, or cannot afford to upgrade infrastructure to accept the payment method.

AP Automation 51

AP Automation Technology accounts payable B2B 51

MineralTree

FEBRUARY 1, 2024

MineralTree recently surveyed more than 800 finance professionals and over 200 of their vendors for the State of AP Report. The focus was on assessing the current digital payments landscape and end-to-end AP automation to better understand key trends, challenges, and priorities for AP teams.

accounts payable 74

accounts payable AP Automation AP Processes Account 74

Accounting Insight

NOVEMBER 16, 2023

The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. Customers will be able to choose the option that best suits them, ensuring the benefits of AP automation are available to all iplicit users.

Accounts Payable Automation 59

Accounts Payable Automation accounts payable Technology AP Automation 59

PYMNTS

JANUARY 6, 2021

In other news, Kofax debuted a new feature to enhance trade finance automation, working with low-code, modifiable structure in order to automate the handling of hard copy and electronic trade transaction paperwork, PYMNTS reported. That solution offers dashboards to give a start-to-finish view of the process.

AP Automation 73

AP Automation Technology accounts payable accounting and finance 73

PYMNTS

NOVEMBER 16, 2018

. “What it comes down to is accounts payable being seen as a cost center, and not [approaching] it as a way to contribute to your bottom line,” said Zach Fiorelli, senior product manager for information management software provider Hyland , in a recent interview with PYMNTS.

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

Airbase

NOVEMBER 1, 2023

AP Automation Tour Explore 3-way matching in our AP Automation Product tour. It’s rewarding to know that our product enhancements save time, stress, and money. I definitely like Airbase over others — a lot more user-friendly. Explore tour AI and audit readiness.

Expense Management 130

Expense Management AP Automation Technology audit 130

MineralTree

MARCH 30, 2023

Accounts payable (AP) automation has become a popular tool for franchises to overcome these obstacles. In this article, we will discuss the challenges associated with franchise accounting and how AP automation helps solve them. What are the Challenges of Franchise Accounting? accuracy in line item information.

AP Automation 79

AP Automation Account accountant accounted 79

MineralTree

JANUARY 18, 2024

The primary goal for AP teams is to ensure timely, accurate payments to vendors. How do you increase productivity in accounts payable? Efficiency in the AP process is paramount, especially in today’s economic climate where doing more with less is top of mind for many finance professionals.

accounts payable 80

accounts payable AP Processes AP Automation Account 80

CPA Practice

MARCH 27, 2023

In addition to time-consuming inefficiencies, manual processing requires AP professionals to go into the office to pick up invoices and checks, as well as continually follow up with people to approve invoices and authorize payments. Opportunities ahead The prospects for 2023 are bright.

AP Automation 114

AP Automation Technology accounts payable accounting and finance 114

MineralTree

NOVEMBER 30, 2023

The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. As the need to drive efficiency grows, many teams are looking to technology to digitize and automate their workflows. Here are eight steps to keep operations running smoothly at all times: 1.

Finance 91

Finance AP Automation Approval Workflows Technology 91

Airbase

NOVEMBER 15, 2023

We can break out our recent product advancements into three categories: The big changes that let you expand into other areas with Airbase, like travel booking. It’s been an era of great productivity, and it’s hard to keep up with everything — even for me! You can always learn more in our product update videos.

NetSuite 130

NetSuite AP Automation Expense Management Spend Management 130

MineralTree

NOVEMBER 16, 2023

Cash Flow from Financing Financing cash flow accounts for cash raised or spent on financial activities like loans, share repurchases, dividends, and similar financial products. How Can AP Automation Help With Cash Flow Analysis and Management? However not all AP tools are created equal. Why Does Cash Flow Analysis Matter?

AP Automation 84

AP Automation accounting and finance Technology Finance 84

MineralTree

AUGUST 24, 2023

However, while these AP workflow tasks in QuickBooks provide basic functionality, it falls short when it comes to advanced features tailored to modern AP. As a result, AP teams often complete manual, time-consuming tasks outside of QuickBooks, hindering both accuracy and efficiency.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

PYMNTS

DECEMBER 23, 2019

India-based accounts payable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. We believe the team has built a fantastic SaaS product for the global market,” said Adith Podhar, Gemba Capital managing partner.

AP Automation 52

AP Automation Technology Accounts Payable Automation accounts payable 52

Airbase

MARCH 31, 2023

We’re particularly proud of our great Satisfaction rankings, not just in Spend Management, but also in other categories like AP Automation and Expense Management. The grid is also divided into quadrants: Niche products might have excellent reviews, but haven’t had very many, so it’s hard to validate their rankings.

AP Automation 130

AP Automation Spend Management Spend Management Platform Approval Workflows 130

PYMNTS

DECEMBER 12, 2019

Yooz said it offers companies a complete digital transformation, which dramatically increases administrative productivity, improves worker engagement and loyalty, and makes sure data is secure and compliant.

AP Automation 60

AP Automation Technology accounts payable accounting and finance 60

MineralTree

JANUARY 26, 2023

A provider that can deliver both AP automation software and managed services has become one of the most popular resources used to improve payment operations and unlock additional efficiencies. Many teams are turning towards AP automation to help. In short, firms are experiencing widespread payment operations issues.

AP Automation 75

AP Automation Technology AP Processes accounts payable 75

PYMNTS

MARCH 24, 2016

From an overarching market perspective, we see that there is an underserved market for AP automation in the mid-market,” Pery said. Based on the market research, there is an increase in adoption of cloud-based AP automation. For instance, AP solutions must address the omnichannel trends in how businesses pay.

AP Automation 43

AP Automation Technology accounts payable Account 43

PYMNTS

FEBRUARY 24, 2020

Firms looking to strengthen their interactions with customers and vendors by adopting comprehensive, automated AP and ERP solutions are increasingly turning to cloud-based products in lieu of on-premises systems. Across The Next-Generation AP Automation Space.

AP Automation 89

AP Automation Technology accounts payable AP Processes 89

MineralTree

FEBRUARY 22, 2024

Small and mid-sized businesses (SMBs) are the bedrock of the global economy — responsible for the majority of jobs, products, and services worldwide. By automating workflows to pay domestic and foreign invoices, SMBs can leverage Sage Intacct to increase efficiency and accelerate future growth. Let’s jump in!

AP Automation 52

AP Automation Oklahoma Technology accounting and finance 52