PYMNTS

SEPTEMBER 26, 2018

With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. less to process a single invoice. less to process a single invoice. days faster for best-in-class firms.

accounts payable 64

accounts payable Account accountant accounted 64

MineralTree

JUNE 1, 2023

Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

Airbase

NOVEMBER 15, 2023

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. Table of Contents FirstHeading What is AP automation? Using AP automation software.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

PYMNTS

NOVEMBER 15, 2018

A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.

accounts payable 63

accounts payable AP Automation AP Processes Technology 63

MineralTree

JANUARY 25, 2024

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. AP automation remains a top priority because it provides substantial operational efficiencies and helps teams track payment flows and gain control over payment transaction timing.

accounts payable 69

accounts payable AP Automation AP Processes Account 69

MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? The QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. If so, you’re not alone.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. The new solutions will go further toward transforming AP processes with automation.

accounts payable 69

accounts payable AP Processes Account accountant 69

Airbase

NOVEMBER 29, 2023

Implementing accounts payable best practices can help your organization reduce risk, save time and money, foster strong vendor relationships, and create a better spend culture. You can better identify the best AP automation solution for your organization by following accounts payable best practices.

AP Automation 130

AP Automation Technology accounts payable AP Processes 130

CPA Practice

MAY 22, 2024

Goldman Sachs recently estimated that automating Accounts Payable processes can result in time savings of 70-80% for small and medium-sized businesses. Efficient accounts payable (AP) processes are crucial for maintaining a healthy cash flow and fostering strong relationships with suppliers.

AP Processes 69

AP Processes Technology AP Automation accounts payable 69

CPA Practice

DECEMBER 20, 2023

Quadient and Xero , a cloud-based accounting software, have formed a strategic partnership in North America and the United Kingdom. Xero integrates with Quadient’s Accounts Payable (AP) capabilities to fully automate and streamline accounting processes. Xero helps 3.95 Xero helps 3.95

Technology 111

Technology Accounts Payable Automation AP Automation accounts payable 111

PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace.

accounts payable 62

accounts payable Account accountant accounted 62

PYMNTS

APRIL 14, 2020

Legacy accounts receivable (AR) and accounts payable (AP) operations aren’t only inefficient, they’re costly. PYMNTS’ latest The Optimizing AP and AR Playbook , a collaboration with OnPay Solutions, found that businesses in the U.S.

AP Processes 78

AP Processes B2B Technology accounts payable 78

PYMNTS

JANUARY 29, 2019

Straight-through processing (STP) is the gold standard for accounts payable (AP) departments. For businesses that do experience a high volume of exceptions, the AP department can remain a manual area of the enterprise, even with technological adoptions.

accounts payable 64

accounts payable Technology Account accountant 64

Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. As real-time?

Accounts Payable Automation 52

Accounts Payable Automation accounts payable Technology accounting firms 52

Accounting Insight

OCTOBER 18, 2022

CFOs wear many hats and are well-positioned to help to head off costly supply chain disruptions, with the support of their Supply Chain Manager, a profession which has historically faced challenges when it comes to Accounts Payable (AP) processes. appeared first on Accounting Insight News. billion by 2026.

Accounts Payable Automation 52

Accounts Payable Automation accounts payable AP Automation AP Processes 52

AccountingDepartment

JUNE 8, 2023

Imagine having the ability to scale accounts payables (AP) operations for your e-commerce business, with the same amount of staff, or even less. With Tipalti's AP automation technology, businesses can do just that and accelerate their AP processes across the board.

AP Automation 96

AP Automation E-commerce AP Processes accounts payable 96

PYMNTS

DECEMBER 31, 2019

Manual processes can be particularly problematic for such businesses because these firms can generate thousands of payments every day. The following Deep Dive further explores how paper-based methods can result in processing delays and how new, cutting-edge payment innovations can drive accounts payable (AP) automation.

AP Processes 61

AP Processes AP Automation Technology accounts payable 61

PYMNTS

DECEMBER 17, 2018

The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. Automation is on the rise in accounts payable, as AP professionals seek ways to reduce manual processes and instead focus on more strategic initiatives.

accounts payable 49

accounts payable Technology AP Automation Account 49

MineralTree

MARCH 14, 2024

However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. A manual approach slows down the payment process and increases the risk of errors and fraud while jeopardizing relationships with strategic vendors.

accounts payable 52

accounts payable AP Automation AP Processes Account 52

Airbase

JANUARY 11, 2023

In fact, the Wall Street Journal reports that more than 300,000 accountants and auditors quit over the last two years, and the effects of those losses can be significant. According to a recent PYMTS survey of 225 finance leaders, AP departments alone spend 18% of their time on manual tasks per month. Give them what they need.

Technology 130

Technology Spend Management Platform accounting and finance Expense Reimbursements 130

Accounting Insight

JANUARY 20, 2025

For instance, a renowned Savile Row tailor struggled with inefficiencies in their accounts payable (AP) process when relying on manual systems. Modernising finance to safeguard legacies To overcome the challenges of outdated finance practices, traditional organisations must focus on modernising their AP processes.

Finance 52

Finance AP Processes accounting and finance accounts payable 52

PYMNTS

AUGUST 28, 2019

Accounts payable automation company AvidXchange is strengthening its position in the banking and financial services sector through the acquisition of BankTEL, the company said Tuesday (Aug. AvidXchange has reached an agreement to acquire BankTEL Systems, which provides accounting technology to banks.

AP Processes 59

AP Processes accounts payable Accounts Payable Automation Technology 59

PYMNTS

MAY 2, 2019

Innovation for accounts payable is often an afterthought, but automated solutions can efficiently onboard customers, cut back on errors and eliminate paper-based invoicing systems. percent: Share of firms with “very” or “extremely” efficient AP processes that were interested in innovation.

Accounts Payable Automation 46

Accounts Payable Automation accounts payable Technology AP Processes 46

PYMNTS

MARCH 31, 2020

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release.

accounts payable 53

accounts payable general ledger AP Processes Technology 53

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. In another case, the Bank of Ireland intercepted a $1.34

B2B 116

B2B accounts payable AP Processes accounting and finance 116

MineralTree

DECEMBER 1, 2022

The good news is that there are several ways your business can reduce overdue payments in your accounts payable department, and it starts with AP automation. This information can be used to make changes to your processes or policies to reduce overdue payments. Set Payment Dates in an AP Tool. In fact, 46.1%

accounts payable 52

accounts payable AP Automation Account accountant 52

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”.

accounts payable 60

accounts payable Account accountant accounted 60

PYMNTS

OCTOBER 6, 2020

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. And for that, the AP process has to be smooth.

AP Processes 93

AP Processes Technology accounts payable audit 93

PYMNTS

JUNE 24, 2020

The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore.

AP Automation 95

AP Automation Technology Account accountant 95

MineralTree

NOVEMBER 17, 2022

While savvy retailers promptly responded to changing customer behavior with new digital technology initiatives, other retailers still struggle with supply chain issues, accounts payable inefficiencies, and high costs, without enough staff to help. Why Now for AP in Retail. Manual AP Processes Continue to Drop the Ball.

accounts payable 52

accounts payable Retail Non-Profits Account 52

CPA Practice

DECEMBER 17, 2023

Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable. 52% of AP teams plan to adopt or invest more in automation this year, seeing the opportunity to increase productivity, better manage cash flow and reduce risk, among other benefits.

AP Automation 132

AP Automation Finance AP Processes accounting and finance 132

PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb. Moving forward the firms will expand the offering to Australia, Hong Kong and Singapore.

accounts payable 43

accounts payable AP Automation Technology AP Processes 43

MineralTree

DECEMBER 22, 2022

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. ” This challenge has only increased during the pandemic. Why the difference?

accounts payable 52

accounts payable AP Automation Account accountant 52

PYMNTS

MARCH 13, 2019

A process doesn’t necessarily have to be good or useful to get a contingent of people attached — it just has to be around long enough for those people to get used to it. This stumbling block to innovation is often visible in accounts payable (AP) departments, Corcentric SVP of Sales Daniel Andrew told PYMNTS in a recent conversation.

accounts payable 44

accounts payable Technology AP Processes Account 44

PYMNTS

DECEMBER 13, 2020

This is a huge step in our mission to simplify [accounts payable (AP)] payments for Microsoft technology users and to successfully support our shared customer and partner base," Rolfson said, according to the release.

B2B 97

B2B accounts payable AP Processes Florida 97

PYMNTS

DECEMBER 16, 2020

Albawaba reports said that FAB has rolled out its Central Travel Account solution, which streamlines and consolidates employee spend data and enables managers to more seamlessly manage T&E spend. Tipalti Enhances Corporate Card Adoption In AP. Paynetics, Unionpay International Collaborate For Business Cards.

Expense Management 114

Expense Management Technology accounts payable AP Processes 114

PYMNTS

JUNE 1, 2016

Accounts payable departments can often buy their corporation a few more days without paying suppliers thanks to the age-old excuse: “The check’s in the mail.” “If the accounts payable process sounds ancient and arcane, add in the headaches of answering anxious vendor calls (‘the check’s in the mail!

accounts payable 40

accounts payable AP Processes Account accountant 40