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What if you could offload expense reporting — make the process faster, accurate, and compliant with your company’s policies without having to ask or look anything up? Creating that touchless user experience was our goal for Airbase’s ExpenseManagement module. Want to see our ExpenseManagement module in action?
Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how APautomation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.
APautomation is a key strategy for many finance leaders In the survey, finance leaders ranked APautomation as their top digitization priority in the back office—ahead of Accounts Receivable (AR), expensemanagement, close management, and forecasting. 63% are making faster, more timely payments.
Consider the fact that payroll automation is done by 49 percent of companies, and that only 37 percent of U.S. businesses automate employee expensemanagement. What’s behind the yawning chasm, then, where APautomation gets such short shrift? Frustration or complacency? Perhaps a bit of both.
ExpenseManagement. Take the pain out of expensemanagement with easier reporting, faster reimbursements, and quick approvals. Our comprehensive expensemanagement module includes: Expense reports. Streamline expense reporting with automatedexpense report creation powered by OCR and generative AI.
We’re particularly proud of our great Satisfaction rankings, not just in Spend Management, but also in other categories like APAutomation and ExpenseManagement. Likelihood to recommend: 96 — thanks to reviews like this: “I highly recommend Airbase as a spend management platform. How to read the G2 Grid.
Although Finly did not disclose how much it raised, the company did note it plans to deploy the capital to focus on imbedding business intelligence within its suite of services, which includes B2B payments, eProcurement services and expensemanagement capabilities.
Accounts payable automation or APautomation tools show you useful data like how much you’re paying (in total) based on vendor, product type, and just about any other category. An APautomation software will likely be much quicker to resolve any sort of payable issue. How to Automate Accounting Payable Workflows.
Expensemanagement technology provider Medius and international eDocument service company Pagero have collaborated to help companies handle digital invoices. Medius and Pagero have created a standard connection linking Medius APAutomation with the Pagero digital invoicing network. 13) announcement.
Accounts payable (AP) automation software firm Beanworks has rolled out a function for expense reimbursements to assist companies in automating how they get and handle staffer expenditures, according to an announcement. Supervisors can look over receipts and give the go-ahead for reimbursements from anywhere.
Equity investments reigned this week, thanks to backing for accounts payable (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round — and secured another unicorn for the B2B startup space. Existing backers.406
Here are just some of the new products launching at this year’s show… Lightyear (Stand 660) a leading APautomation solution launches its new ExpenseManagement feature, a comprehensive solution for automating and managing employee spending and reimbursements.
Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expensemanagement. Event managers are responsible for managing team members’ expenses, reconciling transactions and keeping receipts, she said.
Technologists Randy Johnston and Brian Tankersley, CPA, discuss Ramp , a finance platform that uses AI and other machine learning technologies to automateAP, expensemanagement and spend management. Transcript (Note: There may be typos due to automated transcription errors.) Tankersley, CPA.CITP, CGMA.
Expensemanagement and accounts payable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card. Emburse Debuts T&E Cards.
Expensemanagement and accounts payable (AP) automation company Emburse has rolled out Emburse Cards and Tallie Travel to offer a simple way for clients to handle their travel and out-of-pocket expenditures, according to a Wednesday (Oct. 28) announcement.
Six corporate travel expensemanagement and accounts payable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. Abacus, Captio, Certify, Chrome River, Nexonia and Tallie are merging together to integrate each other’s T&E and AP solutions.
The right tools like an APautomation solution, will reduce duplicate payments , leading to better vendor relationships and more efficiency across the AP team. Reduce duplicate payments Duplicate payments are a costly and time-consuming line item for businesses.
Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. But corporate payers are not the only entities in charge of driving adoption of APautomation technologies. billion valuation.
Kruis added that APautomation is going beyond payments or invoice digitization. How companies automate the data that comes along with payments on the back end of their ERP systems is “driving who is becoming successful in payables automation,” he said.
This new solution is our first initiative in the world of corporate payments, which is destined to become an additional growth driver for the group, alongside employee benefits and expensemanagement.”.
That’s when six corporate travel expensemanagement and accounts payable (AP) solution providers announced they would join forces and combine into a single company called Emburse , according to a press release. Bigger Trends. Another example of striving toward that ideal came earlier this January.
Travel ExpenseManagement. Corporate travel and expensemanagement startup Baoku Online, based in China, secured Series A funding , the firm said Monday (Nov. Reports said Wholesalebox will also be looking to introduce new features to support stronger buyer-supplier relationships through its platform. Baoku Online.
based Fraedom, integrating its corporate payments, commercial card and expensemanagement solutions for business customers. Last year UMB announced another partnership with U.K.-based
Plus, said Jandrell, these firms increasingly require the capability to manage processes before and after purchases are made. Historically, that has meant disparate, siloed platforms for expensemanagement, contract management, accounts payable automation and more.
It paved the way for firms to embrace mobile in travel and expensemanagement, with smartphones able to more accurately track employee spend while on the go. The Bring Your Own Device movement pushed smartphones into the workplace as employers realized their benefits for productivity.
But something has happened over the last few years, according to Coupa VP of Strategy and Product Marketing Donna Wilczek: Technology has enabled AP professionals to become strategic and massively important to the success of any corporation, large or small.
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