Remove Accounts Payable Automation Remove AP Processes Remove B2B
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AvidXchange Takeover Targets Banks’ AP Processes

PYMNTS

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.

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4 Steps to Choosing an Accounts Payable Software that is Compatible with QuickBooks

MineralTree

QuickBooks is a popular accounting software for small and mid-sized businesses. Integrating QuickBooks with a compatible accounts payable automation software helps finance teams digitize their entire AP process. This is especially true when the process involves manual data entry.

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OnPay, CapX Partner On AP Automation

PYMNTS

We are thrilled to partner with OnPay [Solutions] and introduce our clients to the incredible benefits of accounts payable automation,” said Lindsay Tsumpes , co-CEO of CapX, in the release. She said some organizations hadn’t evaluated the costs because they were “baked into” how they were looking at department expenses.

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U.S. Bank’s AP Tool Eases Virtual Payment Adoption

PYMNTS

Bank’s latest offering for corporate treasurers aims to simplify the shift from manual to virtual B2B payments. 26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. The bank announced Wednesday (Oct. Bank, reports said.

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Ancora On Streamlining AP Processes With Machine Learning

PYMNTS

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. But, as he noted, procure-to-pay processes involve manual labor across several steps.

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AP Professionals Often Their Own Biggest Hurdle In Automation

PYMNTS

Outsourcing key functions of the enterprise may allow professionals to finally turn their attention away from the minutiae of manual processes and toward more strategic, value-added activities. High vendor volume and supplier turnover rates, for instance, are among the biggest challenges to AP automation.

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More CFOs Managing WFH With AP Automation

PYMNTS

Accounting departments, for example, suddenly had employees accessing highly sensitive data remotely via home Wi-Fi, without the data security extant in office-based accounting as we’ve long known it. The report delivered particular insight into American businesses’ priorities as 66 percent of respondents were located in the U.S.