PYMNTS

OCTOBER 6, 2020

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. And emails, he said, also do not serve as the best way to audit approval cycles.

AP Processes 93

AP Processes Technology accounts payable audit 93

Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. As real-time?

Accounts Payable Automation 52

Accounts Payable Automation accounts payable Technology accounting firms 52

PYMNTS

JUNE 1, 2016

Accounts payable departments can often buy their corporation a few more days without paying suppliers thanks to the age-old excuse: “The check’s in the mail.” “If the accounts payable process sounds ancient and arcane, add in the headaches of answering anxious vendor calls (‘the check’s in the mail!

accounts payable 40

accounts payable AP Processes accountant accounted 40

Airbase

JANUARY 13, 2023

Compliance and audit. This helps businesses stay compliant with regulations and makes the audit process easier. However, proper data management and double-checking the data will remain important to maintain the accuracy of the invoicing process. This can lead to cost savings for businesses in terms of labor and resources.

Technology 130

Technology Approval Workflows NetSuite Spend Management 130

PYMNTS

AUGUST 21, 2019

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. The changing regulatory environment has also proven to be a tailwind for AP automation.

AP Processes 46

AP Processes AP Automation Technology accounts payable 46

PYMNTS

MARCH 10, 2020

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations.

accounts payable 57

accounts payable AP Processes Technology B2B 57

MineralTree

MARCH 30, 2023

Accounting for franchises is a complex web of responsibilities. Teams have to manage multiple entities, all the while maintaining consistency and streamlining processes across each location. Accounts payable (AP) automation has become a popular tool for franchises to overcome these obstacles.

AP Automation 79

AP Automation accountant accounted Account 79

PYMNTS

AUGUST 3, 2020

The pandemic has brought about new frictions, and SMBs have responded by examining their payment processes. The company’s CEO and founder, Shawn Askinosie , recently spoke with PYMNTS about the pandemic’s effects on transactions in the chocolate world and which accounts payable (AP) tools could become more important for SMBs.

AP Processes 81

AP Processes accounts payable Missouri B2B 81

Going Concern

MAY 24, 2023

This foundational work does require accuracy, and your job may change to auditing AI-entered data to ensure it’s accurate, and to look for non-routine data that AI is unsure about how to handle or code. Humans will also be able to perform an audit role here to ensure invoices are legitimate and not a scam. What about one-off vendors?

CPA 105

CPA Technology accounts payable Accounts Payable Automation 105

PYMNTS

FEBRUARY 19, 2018

You could call accounts payable (AP) the last mile of payments in a way. Or perhaps AP stands for the last mile of automated processes? In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort.

AP Automation 51

AP Automation Technology audit accounts payable 51

MineralTree

NOVEMBER 30, 2023

With hiring freezes and budget cuts in play, it’s natural that 59% of finance leaders say doing more with less is a top issue for accounts payable (AP) teams in the current economic climate. As a result, you ensure better cash flow forecasting and improved month-end close , auditing, and compliance.

Finance 91

Finance AP Automation Approval Workflows Technology 91

Accounting Insight

MARCH 17, 2023

To help curb the effect of inflation and recession on the bottom line, the key is to challenge the internal costs, more specifically, the internal costs of the purchasing chain and processes. One of the critical areas where we can do this is in our Accounts Payable (AP) process.

AP Automation 52

AP Automation AP Processes accounts payable Accounts Payable Automation 52

PYMNTS

MAY 12, 2016

What’s next for enterprise mobility could be anyone’s guess, but some analysts have made their prediction: accounts payable. The firm broke it all down in a recent report: “ 3 Ways Mobile Solutions Address Today’s Top Accounts Payable Challenges.” Streamlining Exceptions Resolution.

accounts payable 40

accounts payable AP Processes Technology Accounts Payable Automation 40

MineralTree

FEBRUARY 29, 2024

Efficient digital payments are critical for accounts payable (AP) teams to streamline the AP process and maintain strong relationships with vendors. However, managing payments through QuickBooks alone involves resource-intensive manual processes and limits teams’ ability to handle diverse invoice types.

AP Automation 52

AP Automation quickbooks Technology AP Processes 52

PYMNTS

AUGUST 13, 2020

Klaris pointed to one example in which automating the AP process made a huge difference for the company involved. Manual and paper-based AP processes can cause many difficulties, but even these challenges may seem modest compared to the intricacies finance departments confront when delivering payouts based on net proceeds.

Entertainment 57

Entertainment AP Processes accounting and finance audit 57