ThomsonReuters

APRIL 6, 2023

A streamlined accounts payable process enables visibility into a company’s financial wellbeing and can unlock insights that help businesses grow. So, let’s start with the basics. What is accounts payable? The term accounts payable refers to all business expenses except payroll.

accounts payable 52

accounts payable general ledger accountant accounted 52

ThomsonReuters

APRIL 6, 2023

To understand the ins and outs of accounts payable, let’s take a look at some frequently asked questions. What is accounts payable? By definition, accounts payable (AP) refers to all the expenses of a business, except payroll. Is accounts payable a revenue?

accounts payable 52

accounts payable accountant accounted Account 52

PYMNTS

JULY 26, 2018

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.

Technology 40

Technology AP Automation NetSuite Accounts Payable Automation 40

PYMNTS

SEPTEMBER 16, 2019

The continued use of paper checks and Excel spreadsheets epitomize this trend: Despite the influx of accounts payable automation tools, new commercial and virtual card offerings, faster ACH options and automated accounting platforms, checks and spreadsheets continue to be favored tools.

Technology 53

Technology Accounts Payable Automation accounts payable Expense Reimbursements 53

PYMNTS

MARCH 24, 2017

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.

B2B 43

B2B AP Automation accounts payable Accounts Payable Automation 43

PYMNTS

NOVEMBER 22, 2019

based provider of HR and payroll software, announced two takeover deals. The company plans to acquire People HR and The Payroll Service company. While financial terms of the agreements were not disclosed, Access said the agreements will support its expansion in the payroll market, particularly for SMBs. The Access Group , a U.K.-based

B2B 43

B2B Accounts Payable Automation Technology payroll 43

PYMNTS

SEPTEMBER 10, 2019

We’re not talking about whether we’re going to hit this tipping point in the future,” he told Webster in May , highlighting payroll and employee payouts as a particularly large opportunity for faster payment rails. The faster payments value proposition is going from “nice to have” to “must-have,” according to Drew Edwards, CEO of Ingo Money.

B2B 59

B2B accounts payable Technology Accounts Payable Automation 59

PYMNTS

MAY 12, 2016

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 .

accounts payable 40

accounts payable AP Processes Technology Accounts Payable Automation 40

ThomsonReuters

APRIL 6, 2023

It also avoids mail delivery issues and streamlines record-keeping. Is accounts payable a stressful job? A job in accounts payable can be stressful if a business relies on manual processes.

accounts payable 52

accounts payable accountant accounted Account 52

PYMNTS

MAY 31, 2018

Michael Praeger, CEO and co-founder of AvidXchange , said it’s past time to bring automation into the space to optimize invoice management and payment processes. Parker said that’s why Modo sees facilitating interoperability as a critical service in this space.

Accounts Payable Automation 43

Accounts Payable Automation accounting and finance accounts payable Florida 43

PYMNTS

MAY 31, 2018

Michael Praeger, CEO and co-founder of AvidXchange , says it’s past time to bring automation into the space to optimize invoice management and payment processes. Parker said that’s why Modo sees facilitating interoperability as a critical service in this space.

Accounts Payable Automation 40

Accounts Payable Automation accounting and finance accounts payable Florida 40

Accounting Insight

OCTOBER 2, 2023

Leveraging real time insights and having greater visibility over cash flow within their Modulr customer portal, accountants can give timely advice on business performance and how to improve cash flow position, to enhance their customer service experience.

Technology 59

Technology bookkeeping accounts payable accounting software 59

PYMNTS

NOVEMBER 7, 2018

Furthermore, only 42 percent have accounts payable (AP) or ERP software that is able to automate B2B payments, and even fewer have digital portals in operation through which suppliers can submit their invoices. Only 13 percent said they’re using virtual cards.

B2B 58

B2B Expense Reimbursements accounts payable Technology 58

PYMNTS

OCTOBER 18, 2017

firms automate that function, according to the Federal Reserve Bank of Minnesota. 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. Just 7 percent of U.S.

AP Automation 49

AP Automation Technology accounts payable Minnesota 49

PYMNTS

JANUARY 24, 2020

In total, more than $1 billion was raised this week, with funds landing at an array of technologies from B2B payments to payroll to eProcurement. In its oversubscribed series A funding round, OnPay , a Georgia-based payroll software startup, secured $6 million, the company said this week. AvidXchange.

B2B 79

B2B Technology Accounts Payable Automation accounts payable 79

CPA Practice

SEPTEMBER 5, 2024

HR and payroll software solutions provider Paylocity has struck a deal to acquire spend management platform Airbase for $325 million, the companies said in a media release on Sept. Workflow automation: Integrated and connected workflows across key spend and business process systems supported by a flexible and intuitive approvals engine.

Procure to Pay Platform 52

Procure to Pay Platform Accounts Payable Automation Spend Management Platform Approval Workflows 52

PYMNTS

NOVEMBER 16, 2018

For instance, its LaaS platform lets businesses provide invoice or payroll financing to their customers. Based in Canada, Ario offers an enterprise Lending-as-a-Service (LaaS) solution for businesses and FinTech firms that want to provide a financing services to their own clients.

Technology 77

Technology accounting and finance accounts payable B2B 77