MineralTree

MARCH 16, 2023

There are several tools that teams can use to move away from these manual and expensive processes. For example, many businesses incorporate AP automation , e-invoicing, and other digital tools to quickly gain an edge over their competitors. What are Today’s Challenges in AP? What Is Accounts Payable Automation?

AP Automation 88

AP Automation accounts payable Technology Accounts Payable Automation 88

CPA Practice

DECEMBER 17, 2023

As a result, finance leaders find their departments squarely in the spotlight—keeping a closer eye on their balance sheets, taking fewer risks, and focusing more on efficiency and value over growth. Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable.

AP Automation 132

AP Automation Finance AP Processes Approval Workflows 132

MineralTree

SEPTEMBER 28, 2023

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity.

Finance 78

Finance AP Automation AP Processes Technology 78

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

MineralTree

NOVEMBER 30, 2023

Maintaining finance department efficiency is a constant challenge, especially for teams that rely on legacy technology and manual processes. The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. What are the Challenges in Finance?

Finance 91

Finance AP Automation Approval Workflows Technology 91

PYMNTS

AUGUST 14, 2020

The COVID-19 pandemic and its resulting economic downturn have placed new strains on corporate buyers that could persuade them to more quickly replace manual AP processes with digital ones. Companies that relied on local AP processes were caught flat-footed by the public health need for employees to work remotely whenever possible.

AP Processes 106

AP Processes AP Automation Technology Finance 106

MineralTree

MAY 4, 2023

How to Respond to Vendor Inquiries with AP Automation & Payment Services Not having enough time is the bane of every AP team. Too many are still burdened by the labor- and time-intensive tasks of manual invoice and payment processing, and are paying a heavy price for it.

AP Automation 82

AP Automation AP Processes Start-ups accounting and finance 82

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

CPA Practice

MARCH 9, 2023

a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. AvidXchange Holdings, Inc., Corelation”), the latest core processor for today’s credit union.

AP Automation 52

AP Automation Technology AP Processes accounts payable 52

CPA Practice

MARCH 9, 2023

a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. AvidXchange Holdings, Inc., Corelation”), the latest core processor for today’s credit union.

AP Automation 52

AP Automation Technology AP Processes accounts payable 52

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

AP Automation 69

AP Automation Construction Technology accounts payable 69

PYMNTS

AUGUST 17, 2020

“Companies are now working to revamp and upgrade their accounts payable (AP) strategies to suit an environment in which financial teams must work remotely and in which cash flow strains are especially likely,” the new Guide states. And operations still using manual accounts payable (AP) methods are really rethinking things. “A

AP Automation 61

AP Automation Technology AP Processes accounts payable 61

CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal. Almost half (45%) of firms looking to hire anticipate hiring challenges and delays.

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. The process includes invoice receipt, verification, approval, and eventual payment.

accounts payable 80

accounts payable AP Processes AP Automation Technology 80

MineralTree

OCTOBER 19, 2023

It’s no surprise that MineralTree’s State of AP Report identified the AP function as the No. 1 digital transformation priority for finance leaders. Modern accounts payable software solutions can help businesses transform their AP function, automate AP processes, and overcome manual inefficiencies.

accounts payable 75

accounts payable AP Automation AP Processes Approval Workflows 75

MineralTree

FEBRUARY 1, 2024

MineralTree recently surveyed more than 800 finance professionals and over 200 of their vendors for the State of AP Report. The focus was on assessing the current digital payments landscape and end-to-end AP automation to better understand key trends, challenges, and priorities for AP teams.

accounts payable 74

accounts payable AP Automation AP Processes accounted 74

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

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 AP Processes 60

MineralTree

AUGUST 24, 2023

However, while these AP workflow tasks in QuickBooks provide basic functionality, it falls short when it comes to advanced features tailored to modern AP. As a result, AP teams often complete manual, time-consuming tasks outside of QuickBooks, hindering both accuracy and efficiency.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

PYMNTS

JULY 10, 2020

Money, therefore, remains tight, and SMBs need fast and precise insights into their finances and processes to help them make more informed spending decisions. 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.

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

CPA Practice

MARCH 27, 2023

While many of these disruptions will continue to present challenges for the foreseeable future, forward-thinking finance leaders can embrace technology and services that will not only help them overcome these issues, but also achieve more efficient and profitable operations. Many continue to recruit and even backfill for these roles.

AP Automation 114

AP Automation Technology accounts payable accounting and finance 114

PYMNTS

MAY 13, 2020

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. It also looks at how digital AP tools are helping corporate buyers get the data they need to streamline their invoice processing and speed up payments.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

CPA Practice

DECEMBER 20, 2023

When combined with Quadient’s AP automation solution, users benefit from seamless synchronization of all AP processes. Xero helps 3.95 million subscribers worldwide to run their business accounting online and in one place.

Technology 111

Technology Accounts Payable Automation AP Automation accounts payable 111

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. In these hybrid environments, automated AP processes become even more critical.

accounts payable 69

accounts payable AP Automation AP Processes accounted 69

MineralTree

DECEMBER 7, 2023

In addition to meeting supplier expectations, choosing the right payment method can significantly improve the finance department’s efficiency and productivity. In fact, 60% of finance leaders say ease of use is the main driver for their organization’s supplier payment method.

AP Automation 79

AP Automation accounts payable AP Processes accounting and finance 79

MineralTree

MARCH 30, 2023

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. What are the Challenges of Franchise Accounting? accuracy in line item information.

AP Automation 79

AP Automation accounted Account accountant 79

MineralTree

MARCH 14, 2024

End-to-end automation enables businesses to efficiently process invoices and pay vendors quickly and easily. By adhering to AP best practices, businesses can enhance efficiency, improve accuracy, and streamline the entire AP process. This can be done manually, via email, or with the help of AP automation.

accounts payable 52

accounts payable AP Automation AP Processes accounted 52

MineralTree

AUGUST 10, 2023

6 Tips to Improve Cash Flow A streamlined AP process helps businesses better monitor, manage, and forecast their cash flows. The following strategies can increase AP transparency and efficiency: 1. However, this can be difficult to achieve without AP automation.

accounts payable 76

accounts payable AP Automation accounted Account 76

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. They also let finance departments work from any place where an internet connection is available. “By

AP Automation 76

AP Automation AP Processes Technology accounts payable 76

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

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

JUNE 24, 2020

AP automation’s time is now, but it’s not a one-size-fits-all proposition. Businesses that recognize the value of modernizing their AP processes must still determine how best to acquire and implement these solutions,” according to the June 2020 Next-Gen AP Automation Tracker® done in collaboration with Bottomline Technologies.

AP Automation 95

AP Automation Technology accounted Account 95

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. Fortunately, automation can streamline and improve this process.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

MineralTree

NOVEMBER 9, 2023

By centralizing data and streamlining processes, ERP systems help organizations manage various aspects of their business, ultimately enhancing data, management, process optimization, and overall productivity from finances to human resources. More information on each of our ERP integrations can be found here.

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72

MineralTree

MARCH 2, 2023

The world of finance is constantly evolving, and this year is no exception. The new year brings fresh challenges for CFOs and finance teams, specifically around strategizing methods to minimize the pressures of recession and inflation. Keep reading to learn about each of these challenges and how finance leaders can face them head-on.

AP Automation 83

AP Automation Technology accounting and finance accounts payable 83

Accounting Seed

MAY 22, 2024

It streamlines this process because it’s built natively on Salesforce. Understanding accounting for construction Construction accounting is unique compared to other industries in how it tracks expenses and reports its finances because its work is largely project-based.

accounting software 59

accounting software Construction AP Automation accounted 59

MineralTree

MARCH 7, 2024

Optimizing your AP process QuickBooks is the obvious first choice for many small businesses seeking an accounting software solution. That’s why many finance teams have made the switch from QuickBooks to Sage Intacct. This ERP is easy-to-use and can help businesses fulfill many of their basic needs.

quickbooks 52

quickbooks AP Processes AP Automation Technology 52