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Modulr acquires accounts payable automation disruptor Nook

Accounting Insight

Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. For instance, 60% of large companies use at least five separate systems just for accounts payable.

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The major benefits of AP Automation.

Airbase

Automation replaces the manual accounts payable process with software that can make everyone more efficient and lead to cost savings. Table of Contents FirstHeading What is AP automation? Using AP automation software. Features of AP automation software. 11) AP anytime, anywhere.

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6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

Why AP Automation 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 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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For MineralTree, Sowing The Seeds Of AP Automation

PYMNTS

Consider the fact that payroll automation 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 AP automation gets such short shrift? Frustration or complacency? Perhaps a bit of both.

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Tipalti Integrates Technology Into Three FinTech Partner Platforms

PYMNTS

Accounts payable automation 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.

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From AR To AP, B2B Investors Broaden Their Scope

PYMNTS

Investors diversified their funding to B2B companies this week, hitting several areas of corporate finance including accounts payable, accounts receivable, payroll and supply chain management. AP Automation. The company announced $4 million in funding this week led by Eileses Capital.

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Mobile’s Next Corporate Target — And Biggest Roadblock

PYMNTS

IOFM’s recent survey found accounts payable 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 .