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

JANUARY 31, 2021

OnPay Solutions , which works in accounts payable (AP) automation, has struck a partnership with business innovation intelligence platform CapX to offer new supplier payment automation for clients, according to a press release.

AP Automation 67

AP Automation Technology Accounts Payable Automation accounts payable 67

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. Automation and optimization efforts tend to focus on that 20 percent of suppliers, he said.

Technology 73

Technology AP Automation B2B accounts payable 73

PYMNTS

MAY 13, 2020

Late payments have always plagued business-to-business (B2B) commerce, but the problem is coming to a new head. This month’s Next-Gen AP Automation Tracker ® examines how AP tools are smoothing B2B transactions and helping companies to better weather the economic downturn. Around The AP Automation World.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

PYMNTS

DECEMBER 13, 2020

Procure-to-pay provider B2BE and OnPay , which works in payroll services, are partnering to help clients access B2B payments automation, according to a press release. Shadrach added that the company wanted to add to its AP Automation to make sure that both ends of the AP process are covered.

B2B 75

B2B AP Processes AP Automation payroll 75

PYMNTS

JULY 30, 2020

The bots use optical character recognition (OCR), natural language process (NLP), and self-learning functions in “altogether new ways,” the announcement stated. The company’s collection of AI bots for the AP process now include bots for cost allocation, fraud detection, invoice reading and inbox managing.

AP Automation 60

AP Automation Technology accounts payable NetSuite 60

PYMNTS

JUNE 19, 2020

Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct manual invoice and payment processing from their offices. Around The AP Automation World. Processing a single invoice in 2019 cost companies $11.57

AP Automation 61

AP Automation Technology accounts payable AP Processes 61

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

AP Automation 77

AP Automation Technology AP Processes Hospitality 77

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. For LockerDome, Lewis explained that one of the most glaring areas of inefficiencies in AP processes is the supplier payment itself. A Payments Balancing Act.

AP Automation 52

AP Automation Technology accounts payable AP Processes 52

MineralTree

JUNE 1, 2023

Integrating QuickBooks with a compatible accounts payable automation software helps finance teams digitize their entire AP process. Keep reading to learn the 4 essential steps you need to know to choose an accounts payable automation software that is both compatible with QuickBooks and able to transform your business.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

CPA Practice

AUGUST 14, 2023

At the same time, Accounts Payable (AP) teams need to be able to manage vendor payments with an eye on managing cash positions, maintaining strategic supply relationships, and taking advantage of available payment discounts. AR and AP automation solutions are one way to simplify this process.

Finance 98

Finance AP Automation Technology accounting and finance 98

PYMNTS

NOVEMBER 16, 2018

Companies with the most digitized AP processes averaged faster invoice payments and processing times, as well as fewer invoice exceptions. These benefits all stem from the ability to automate, and the key to automation, Fiorelli said, is the ability to collect electronic data. .”

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

PYMNTS

JULY 10, 2020

These slow processes make it difficult for AP professionals to quickly pull up information on payment obligations, and they also present plenty of opportunities for human error. SMBs are more likely than larger firms to have old-school AP methods that cause undue frictions. Cutting Out Inefficiencies.

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

MineralTree

MARCH 9, 2023

In this article, we explore the common issues with B2B cross-border payments and the steps companies can take to improve their international AP process. What are B2B Cross-Border Payments? B2B cross-border payments are financial transactions that occur between companies located in different countries.

B2B 74

B2B AP Processes AP Automation Tax 74

PYMNTS

FEBRUARY 24, 2020

In the February Next-Gen AP Automation Tracker , PYMNTS highlights how tech-first firms are finding that managing AP in the cloud offers greater insights into the entire invoice-to-payment-to-reconciliation process, essentially transforming the efficiencies of AP departments. About The Tracker.

AP Automation 89

AP Automation Technology accounts payable AP Processes 89

PYMNTS

NOVEMBER 25, 2020

The COVID-19 pandemic is inspiring many businesses to accelerate their shifts to digital transaction methods as workforces operate remotely from home, and many are finding that doing so is helping them overcome traditional business-to-business (B2B) payment frictions. Around The B2B Payments World. Find the story in the Report.

AP Automation 95

AP Automation B2B accounts payable AP Processes 95

PYMNTS

FEBRUARY 19, 2018

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. In the latest Topic TBD, Chen Amit, CEO of payables automation company Tipalti , told PYMNTS’ Karen Webster that automating the AP process lets management focus on, well, managing. “All

AP Automation 51

AP Automation Technology audit accounts payable 51

PYMNTS

FEBRUARY 26, 2020

Many are turning to enterprise resource planning (ERP) tools with accounts payable (AP) automation to harness both solutions’ abilities and level up their businesses’ values. Bringing AP automation to ERP offerings enhances working capital management, reduces operational costs and improves productivity.

AP Automation 83

AP Automation Technology accounts payable AP Processes 83

PYMNTS

APRIL 9, 2020

To help additional middle-market companies automate their accounts payable (AP) processes, MineralTree announced that it has grown its integration abilities, according to a press release. In separate news, OpenText unveiled its new Trading Grid with a rollout that connects ERP with AP, among other systems.

AP Automation 76

AP Automation AP Processes Technology accounts payable 76

PYMNTS

SEPTEMBER 26, 2019

This week, Fundbox, a B2B payments startup attempting to fix the “net terms” economy, raised $176 million in equity, a sign that changing the invoice settlement system presents a big opportunity. Most firms would agree that paper checks aren’t ideal for B2B payments. trillion problem.

AP Processes 50

AP Processes Technology AP Automation B2B 50

PYMNTS

NOVEMBER 17, 2020

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.

AP Automation 84

AP Automation accounts payable AP Processes Technology 84

PYMNTS

NOVEMBER 25, 2019

Many AP professionals who are holding out on investing in automation are unsure of what kind of return on investment (ROI) these services can offer. Around The Next-Gen AP Automation World. More efficient access to data and analytics is among the potential benefits that automation promises. About The Tracker.

AP Automation 70

AP Automation Technology accounts payable AP Processes 70

PYMNTS

NOVEMBER 15, 2018

B2B FinTech solution providers are currently working on reducing the friction associated with implementing their solutions into enterprise back offices. One of the biggest hurdles in B2B FinTech adoption and digital transformation is convincing the higher-ups that such investments are necessary.

accounts payable 63

accounts payable AP Automation AP Processes Technology 63

PYMNTS

AUGUST 28, 2019

With the acquisition, existing bank customers of BankTEL will be offered AvidXchange’s invoice-to-pay solutions, including AvidPay and access to the AvidPay Network of B2B suppliers.

AP Processes 59

AP Processes accounts payable Accounts Payable Automation Technology 59

PYMNTS

JULY 26, 2018

Perhaps the biggest takeaway from Hyland and Statista ‘s new accounts payable (AP) report is that, frankly, there isn’t much new to be said about AP automation trends at all. ” What that’s led to is a continued rise in investments in automated solutions, without much improvement in process efficiencies.

AP Automation 40

AP Automation Technology accounts payable AP Processes 40

PYMNTS

DECEMBER 3, 2020

Today in B2B payments, Visa embraces the USDC digital currency for corporate payments. Plus, Basware enhances its accounts payable (AP) offering, CardUp eases commercial card adoption, Kofax adds new AP features and the Federal Reserve eyes bank lending. Basware Unveils AP Software Tools for 'Power Users'.

B2B 60

B2B accounts payable AP Automation AP Processes 60

PYMNTS

NOVEMBER 13, 2019

That, of course, means moving beyond the paper-based invoice processes and the paper check — something that roughly 81 percent of companies still use to pay suppliers. To that end, Bottomline Technologies Vice President of Strategy and Product Bill Wardwell said, AP automation can help.

AP Automation 46

AP Automation Technology accounts payable Accounts Payable Automation 46

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The following Deep Dive explores how virtual cards benefit B2B payments, especially among smaller firms, which have limited resources.

B2B 71

B2B accounts payable AP Processes Education 71

MineralTree

DECEMBER 7, 2023

Virtual cards make it easy to track invoice payments, increasing visibility throughout the payment process. When you use ACH payments in tandem with an AP automation platform, you can centralize payment information into a single location. Notably, virtual cards can transform expenses into profits.

AP Automation 79

AP Automation accounts payable AP Processes accounting and finance 79

PYMNTS

AUGUST 21, 2019

AP automation has been available in one form or another for more than 20 years, said Flynn. But they still need to be processed as a paper invoice.” The changing regulatory environment has also proven to be a tailwind for AP automation. The Compliance Factor.

AP Processes 46

AP Processes AP Automation Technology accounts payable 46

PYMNTS

APRIL 24, 2020

B2B FinTech investments appear to be relatively strong, too. In France, Libeo , which offers invoice processing automation technologies for small businesses in need of accounts payable optimization, secured $4.32 . “We haven’t seen a substantial pullback yet within the U.S. million in new funding.

B2B 77

B2B accounts payable Technology AP Processes 77

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But going it alone can quickly overwhelm a business. “It’s born digital.

Technology 63

Technology AP Automation accounts payable Accounts Payable Automation 63

CPA Practice

OCTOBER 11, 2023

“As businesses continue to face a number of challenges and pressures, finance teams are being tasked with finding new ways to drive operating efficiencies and get more control over cash flow,” said Brian Greehan, head of B2B Solutions for Global Payments. “In

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

PYMNTS

JULY 31, 2020

The pandemic and subsequent economic downturn have driven B2B payment pains to a new level. Such concerns could inspire companies to rely more heavily on virtual credit card payments and adopt cloud-based and automated AR and AP tools. Around The B2B Payments Space. Download the Report to get the full story.

AP Processes 60

AP Processes AP Automation B2B accounts payable 60

PYMNTS

DECEMBER 17, 2018

14) that it is introducing an invoice automation feature. The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability.

accounts payable 49

accounts payable Technology AP Automation accountant 49

PYMNTS

MAY 12, 2020

” Kavas continued, “With more than half of invoices still processed manually and taking on average 8.5 days, AP processing is ripe for innovation.” Basware said at the time that its new AP Pro has a new user interface and additional advanced options.

accounts payable 68

accounts payable AP Automation AP Processes Technology 68

PYMNTS

JANUARY 10, 2019

Even when technologies come close to addressing multiple challenges that exist today when sending, receiving and reconciling B2B payments, those benefits typically come with a cost — whether it be the interchange fees of cards or the burden of replacing legacy infrastructure. ”

Real Estate 61

Real Estate AP Automation accounts payable B2B 61