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Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accountspayable (AP) automation. For instance, 60% of large companies use at least five separate systems just for accountspayable.
Automation replaces the manual accountspayable process with software that can make everyone more efficient and lead to cost savings. Table of Contents FirstHeading What is APautomation? Using APautomation software. Features of APautomation software. 11) AP anytime, anywhere.
Why APAutomation is Key to a Strong Year Most finance predictions for 2023 focus on business process improvements and cost savings, as opposed to ground-breaking new innovations. 6 APAutomation Trends for 2023 Preparing for trends in AccountsPayable (AP) can help teams build resilience and brace for a recession.
Consider the fact that payrollautomation is done by 49 percent of companies, and that only 37 percent of U.S. businesses automate employee expense management. What’s behind the yawning chasm, then, where APautomation gets such short shrift? Frustration or complacency? Perhaps a bit of both.
Accountspayableautomation firm Tipalti announced a string of partnerships this week in deals that see the partner linking their own customers to Tipalti tools. Tipalti said in a press release on Wednesday (July 25) that it struck deals with Vindeo, Teampay and Sovos.
Investors diversified their funding to B2B companies this week, hitting several areas of corporate finance including accountspayable, accounts receivable, payroll and supply chain management. APAutomation. The company announced $4 million in funding this week led by Eileses Capital.
IOFM’s recent survey found accountspayable as the area financial managers deemed as most time-consuming. Money controllers also said AP is plagued with the most paper and described the department as “laborious” — more so than accounts receivable, payroll and other corporate finance functions. Moving Forward .
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