MineralTree

JANUARY 25, 2024

The past year in finance was riddled with economic uncertainty, accompanied by challenges like staffing constraints and the need to optimize efficiency with limited resources. For finance professionals, understanding this landscape is crucial. This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024.

accounts payable 69

accounts payable AP Automation AP Processes accounted 69

MineralTree

FEBRUARY 1, 2024

MineralTree recently surveyed more than 800 finance professionals and over 200 of their vendors for the State of AP Report. Key takeaways Accounts payable teams continue to face challenges with fewer resources, despite it being nearly four years since the onset of the COVID pandemic.

accounts payable 74

accounts payable AP Automation AP Processes accounted 74

MineralTree

AUGUST 10, 2023

But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. Let’s review the role of accounts payable on cash flow and dive into best practices for optimizing cash flow.

accounts payable 76

accounts payable AP Automation accounted Account 76

Accounting Insight

JULY 31, 2024

Fraud is an arms race, and finance departments need to protect themselves with the latest technologies or risk becoming increasingly vulnerable. The AP automation solution provides real-time visibility into the accounts payable process, so teams can quickly identify and address potential risks.

accounts payable 59

accounts payable accounted Account accountant 59

ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?

accounts payable 52

accounts payable accounted Account accountant 52

Accounting Insight

NOVEMBER 7, 2023

The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. The post iplicit offers benefits of accounts payable automation to all its customers appeared first on Accounting Insight News.

Accounts Payable Automation 69

Accounts Payable Automation accounts payable Technology AP Automation 69

MineralTree

OCTOBER 19, 2023

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. 1 digital transformation priority for finance leaders. What Are the Types of Accounts Payable Software?

accounts payable 75

accounts payable AP Automation AP Processes Approval Workflows 75

MineralTree

MARCH 14, 2024

However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. An overview of high-volume accounts payable High-volume AP involves managing a large number of invoices and payments. Did you know?

accounts payable 52

accounts payable AP Automation AP Processes accounted 52

LSLCPAs

AUGUST 13, 2024

The post Tackling Long-Term Debt, Accounts Payable, and Accrued Liabilities in Governmental Agencies: Understand the What, How, & Why appeared first on LSL CPAs.

accounts payable 52

accounts payable cpas accounted accountant 52

Accounting Insight

NOVEMBER 16, 2023

The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. The post iplicit offers benefits of accounts payable automation to all its customers appeared first on Accounting Insight News.

Accounts Payable Automation 59

Accounts Payable Automation accounts payable Technology AP Automation 59

LSLCPAs

AUGUST 13, 2024

The post Preparing for Auditors: Best Practices and Key Workpapers for Long-Term Debt, Accounts Payable, and Accrued Liabilities appeared first on LSL CPAs.

accounts payable 52

accounts payable auditor cpas accounted 52

MineralTree

MARCH 16, 2023

Offloading and outsourcing AP tasks to avoid retraining teams or hiring more staff is another method used by finance teams to modernize their back office. The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. What Is Accounts Payable Automation?

AP Automation 88

AP Automation accounts payable Technology Accounts Payable Automation 88

xendoo

JUNE 11, 2022

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. What Is Accounts Payable? What Is Accounts Receivable? Accounts Receivable.

accounts payable 71

accounts payable accrual accounting general ledger accounted 71

MineralTree

JANUARY 19, 2023

Inflation and rising interest rates have most firms worried about their cash flow, and thus, finance departments are doing all they can to reduce overhead and organizational inefficiencies in 2023. 6 AP Automation Trends for 2023 Preparing for trends in Accounts Payable (AP) can help teams build resilience and brace for a recession.

Accounts Payable Automation 76

Accounts Payable Automation accounts payable Technology AP Automation 76

Snyder

MAY 10, 2022

Keeping track of your finances may become complicated when working with multiple partners, businesses and suppliers. Being reliable in your business practices applies to your finances, too, ensuring not only that your business stays in profit for the immediate future but also looking into the longer term with financial forecasting.

accounts payable 52

accounts payable accounted Account accountant 52

MineralTree

JUNE 1, 2023

Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

PYMNTS

MAY 9, 2019

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process.

accounts payable 70

accounts payable Finance AP Automation accounted 70

ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, these types of charges are invoiced.

accounts payable 52

accounts payable general ledger accounted Account 52

MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? We knew we’d eventually have to move to NetSuite,” said Steve Goden, SVP of Finance and Operations. Frequently Asked Questions How do you track accounts payable in QuickBooks?

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Accounts payable (AP) , is the list of all amounts a company owes to its vendors.

accounts payable 52

accounts payable accounted Account accountant 52

MineralTree

DECEMBER 15, 2022

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. Let’s take a closer look.

accounts payable 52

accounts payable AP Automation accounted Account 52

Insightful Accountant

OCTOBER 12, 2023

Digitization of accounts payable tops finance leaders’ priorities for third consecutive year in MineralTree’s annual 'State of AP Report.'

Finance 102

Finance accounts payable Account accounted 102

MineralTree

DECEMBER 8, 2022

Our recent 2022 State of AP report confirmed what finance leaders have known for quite some time: labor-intensive processing tasks are overwhelming AP departments without enough employees to help. While Strategic Finance magazine identified AP as top priority for new hires, finding qualified candidates is no easy matter.

accounts payable 52

accounts payable AP Automation Technology accounted 52

Accounting Today

JUNE 6, 2024

It's time finance and accounting leaders seriously considered automating AP functions and marking its place as a standard business practice.

Accounts Payable Automation 60

Accounts Payable Automation accounts payable Technology accounted 60

MineralTree

DECEMBER 22, 2022

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. APQC reports that industries using manual accounts payable invoice processing typically pay more in labor expenses.

accounts payable 52

accounts payable AP Automation accounted Account 52

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. In June, Kofax introduced a new trade finance solution, PYMNTS reported, aiming to automate the handling of hard copy and electronic trade transaction paperwork.

accounts payable 69

accounts payable AP Processes accounted Account 69

Accounting Insight

OCTOBER 17, 2024

With the increased use of AI in the finance function, CFOs are juggling an ever-increasing corporate remit. Does the exponential advancement of AI mean that finance leaders and decision-makers now have to become experts in cyber security?

Finance 52

Finance AP Automation accounting and finance accounts payable 52

MineralTree

DECEMBER 1, 2022

The good news is that there are several ways your business can reduce overdue payments in your accounts payable department, and it starts with AP automation. This can make it more difficult and expensive to obtain financing in the future. Let’s take a closer look. Why Overdue Payments Happen. Set Payment Dates in an AP Tool.

accounts payable 52

accounts payable AP Automation accounted Account 52

MineralTree

NOVEMBER 17, 2022

While savvy retailers promptly responded to changing customer behavior with new digital technology initiatives, other retailers still struggle with supply chain issues, accounts payable inefficiencies, and high costs, without enough staff to help. 4 Areas Where Retailers Lead in Accounts Payable. Why Now for AP in Retail.

accounts payable 52

accounts payable Retail Non-Profits accounted 52

CPA Practice

AUGUST 14, 2023

The lingering (although receding) risk of a recession, stubborn inflation trends, economic policy debates, and geopolitical instability all create challenges for businesses and their finance teams. This unpredictability requires businesses to ensure maximum efficiency in their finance operations.

Finance 98

Finance AP Automation Technology accounting and finance 98

Airbase

NOVEMBER 29, 2023

Implementing accounts payable best practices can help your organization reduce risk, save time and money, foster strong vendor relationships, and create a better spend culture. You can better identify the best AP automation solution for your organization by following accounts payable best practices.

AP Automation 130

AP Automation Technology accounts payable AP Processes 130

PYMNTS

NOVEMBER 15, 2018

A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.

accounts payable 63

accounts payable AP Automation AP Processes Technology 63

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “The finance function, historically, hasn’t been managed in a remote working environment,” he said. ” Offering the Right Tools.

accounts payable 85

accounts payable accounted Account accountant 85

PYMNTS

SEPTEMBER 26, 2018

With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. For years, B2B FinTech players have pressed businesses to adopt electronic payments. less to process a single invoice.

accounts payable 64

accounts payable accounted Account accountant 64

Airbase

NOVEMBER 15, 2023

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. The importance and evolution of accounts payable. Using AP automation software.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

MineralTree

SEPTEMBER 28, 2023

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.

Finance 78

Finance AP Automation AP Processes Technology 78

PYMNTS

JULY 22, 2020

Recent events have irrevocably changed the way finance departments operate, bringing to light glaring issues with the current processes. Paper invoices, on the other hand, still dominate finance departments today. where they account for 75 percent of all invoices. The race for automation in all areas of business is now underway.

Accounts Payable Automation 60

Accounts Payable Automation accounts payable Technology AP Automation 60