MineralTree

NOVEMBER 2, 2023

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, managing accounts payable processes can pose significant challenges.

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MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. How do you increase productivity in accounts payable?

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CPA Practice

AUGUST 14, 2023

The lingering (although receding) risk of a recession, stubborn inflation trends, economic policy debates, and geopolitical instability all create challenges for businesses and their finance teams. This unpredictability requires businesses to ensure maximum efficiency in their finance operations.

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Accounting Insight

JULY 31, 2024

Fraud is an arms race, and finance departments need to protect themselves with the latest technologies or risk becoming increasingly vulnerable. The AP automation solution provides real-time visibility into the accounts payable process, so teams can quickly identify and address potential risks.

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Accounting Insight

OCTOBER 17, 2024

With the increased use of AI in the finance function, CFOs are juggling an ever-increasing corporate remit. Does the exponential advancement of AI mean that finance leaders and decision-makers now have to become experts in cyber security?

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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. The post iplicit offers benefits of accounts payable automation to all its customers appeared first on Accounting Insight News.

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MineralTree

AUGUST 10, 2023

But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. Let’s review the role of accounts payable on cash flow and dive into best practices for optimizing cash flow.

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?

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MineralTree

OCTOBER 19, 2023

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. 1 digital transformation priority for finance leaders. What Are the Types of Accounts Payable Software?

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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. The post iplicit offers benefits of accounts payable automation to all its customers appeared first on Accounting Insight News.

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LSLCPAs

AUGUST 13, 2024

The post Tackling Long-Term Debt, Accounts Payable, and Accrued Liabilities in Governmental Agencies: Understand the What, How, & Why appeared first on LSL CPAs.

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LSLCPAs

AUGUST 13, 2024

The post Preparing for Auditors: Best Practices and Key Workpapers for Long-Term Debt, Accounts Payable, and Accrued Liabilities appeared first on LSL CPAs.

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Insightful Accountant

OCTOBER 12, 2023

Digitization of accounts payable tops finance leaders’ priorities for third consecutive year in MineralTree’s annual 'State of AP Report.'

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PYMNTS

MAY 9, 2019

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process.

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xendoo

JUNE 11, 2022

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. What Is Accounts Payable? What Is Accounts Receivable? Accounts Receivable.

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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. An overview of high-volume accounts payable High-volume AP involves managing a large number of invoices and payments. Did you know?

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MineralTree

SEPTEMBER 28, 2023

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.

Finance 78

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MineralTree

JANUARY 19, 2023

Inflation and rising interest rates have most firms worried about their cash flow, and thus, finance departments are doing all they can to reduce overhead and organizational inefficiencies in 2023. 6 AP Automation Trends for 2023 Preparing for trends in Accounts Payable (AP) can help teams build resilience and brace for a recession.

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Snyder

MAY 10, 2022

Keeping track of your finances may become complicated when working with multiple partners, businesses and suppliers. Being reliable in your business practices applies to your finances, too, ensuring not only that your business stays in profit for the immediate future but also looking into the longer term with financial forecasting.

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SMBAccountant

MARCH 6, 2024

Accounting operates within its own language, a system of terms and conventions that serve as the backbone of financial communication and analysis. Understanding this unique language is essential for interpreting financial data, making informed decisions, and effectively navigating the intricate world of business finance.

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MineralTree

NOVEMBER 30, 2023

Maintaining finance department efficiency is a constant challenge, especially for teams that rely on legacy technology and manual processes. The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. What are the Challenges in Finance?

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Accounting Today

JUNE 6, 2024

It's time finance and accounting leaders seriously considered automating AP functions and marking its place as a standard business practice.

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MineralTree

MARCH 16, 2023

Offloading and outsourcing AP tasks to avoid retraining teams or hiring more staff is another method used by finance teams to modernize their back office. The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. Keep reading to learn more.

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ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

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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.

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CPA Practice

DECEMBER 17, 2023

As a result, finance leaders find their departments squarely in the spotlight—keeping a closer eye on their balance sheets, taking fewer risks, and focusing more on efficiency and value over growth. Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable.

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, these types of charges are invoiced.

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MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? We knew we’d eventually have to move to NetSuite,” said Steve Goden, SVP of Finance and Operations. Frequently Asked Questions How do you track accounts payable in QuickBooks?

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Accounting Insight

OCTOBER 30, 2024

Henrik Grim, CEO & Co-Founder of Mimo, comments, “With the release of Get Paid, businesses can finally access a single platform to handle both incoming and outgoing payments in one place—because we think that Accounts Payable and Accounts Receivable work best when they work together.” It has offices in London and Stockholm.

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MineralTree

DECEMBER 15, 2022

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. Let’s take a closer look.

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MineralTree

DECEMBER 8, 2022

Our recent 2022 State of AP report confirmed what finance leaders have known for quite some time: labor-intensive processing tasks are overwhelming AP departments without enough employees to help. While Strategic Finance magazine identified AP as top priority for new hires, finding qualified candidates is no easy matter.

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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. In June, Kofax introduced a new trade finance solution, PYMNTS reported, aiming to automate the handling of hard copy and electronic trade transaction paperwork.

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CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. MineralTree’s 2023 State of AP Report explores these trends and their significant impact on finance teams. According to a new survey, many are turning to automation to achieve this goal.

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

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.

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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.

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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. APQC reports that industries using manual accounts payable invoice processing typically pay more in labor expenses.

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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. 4 Areas Where Retailers Lead in Accounts Payable. Why Now for AP in Retail.

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