Remove 2023 Remove Accounts Payable Automation Remove AP Processes
article thumbnail

Accounts Payable Outsourcing vs. AP Automation: Which is Better for Your Business?

MineralTree

The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. Unsurprisingly, research from Deloitte shows that about 1 out of every 2 CFOs is prioritizing cash management in 2023. What is Accounts Payable Outsourcing?

article thumbnail

A Guide to AP Automation Technology

MineralTree

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Vendor Management Impacts Supply Chains

MineralTree

According to KPMG, 71% of global companies say that the cost of raw material is their top supply chain threat for 2023. As a result, inflation is one of the biggest challenges CFOs will face in 2023. Nearly half (44%) of vendors said that AP teams didn’t respond to their payment inquiries in a satisfactory or prompt manner.

article thumbnail

Finance Leaders Drive Efficiency by Automating AP and Payment Processes

CPA Practice

The 8th annual State of the AP Report, from MineralTree , a Global Payments (NYSE: GPN) company and accounts payable (AP) and payment automation solution provider, looked at progress in modernizing back-office finance processes for businesses amid the impact of multiple macroeconomic factors.

Finance 59