Accounting Insight

JANUARY 20, 2025

For instance, a renowned Savile Row tailor struggled with inefficiencies in their accounts payable (AP) process when relying on manual systems. Modernising finance to safeguard legacies To overcome the challenges of outdated finance practices, traditional organisations must focus on modernising their AP processes.

Finance 52

Finance AP Processes accounting and finance accounts payable 52

Accountant Advocate Submitted Articles

JULY 13, 2022

Check out 25 stats on the costs of inefficient AP and reimbursement processes | Airbase It’s time to get serious about operational efficiency.

AP Processes 130

AP Processes 130

Airbase

NOVEMBER 29, 2023

Audit trails and reporting: Audit audit trails to track changes, approvals, and actions taken throughout the AP process. Develop comprehensive reporting capabilities to gain insights into processing times, bottlenecks, and areas for improvement. Scalability: As businesses grow, their AP processes need to scale accordingly.

AP Automation 130

AP Automation Technology accounts payable AP Processes 130

AccountingDepartment

JUNE 8, 2023

Imagine having the ability to scale accounts payables (AP) operations for your e-commerce business, with the same amount of staff, or even less. With Tipalti's AP automation technology, businesses can do just that and accelerate their AP processes across the board.

AP Automation 96

AP Automation E-commerce AP Processes accounts payable 96

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. In an interview with PYMNTS , Eyal Shinar, CEO at Fundbox, characterized this as an approximately $3.1 trillion problem.

AP Processes 50

AP Processes Technology AP Automation B2B 50

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

AccountingDepartment

FEBRUARY 7, 2023

Using a high-level software system like NetSuite for business operations, like accounts payables, provides small to medium-sized businesses opportunities to save money, reduce risk, and increase efficiency throughout the full AP process.

accounts payable 96

accounts payable Accounts Payable Automation NetSuite AP Processes 96

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 for that, the AP process has to be smooth.

AP Processes 93

AP Processes Technology accounts payable audit 93

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.

AP Processes 46

AP Processes AP Automation Technology accounts payable 46

PYMNTS

MAY 1, 2019

PYMNTS surveyed executives at 2,570 firms to examine their AP processes and how automation could help them address common AP frictions. When it comes to AP automation, firms seem to be facing a “chicken or the egg” dilemma. percent, said they already have “very” or “extremely” efficient AP processes in place.

AP Processes 81

AP Processes AP Automation accounts payable accountant 81

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

DECEMBER 13, 2020

We are excited to provide B2BE with additional tools to help accomplish that mission by eliminating paper-based payments in the AP process," he said, according to the 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

MineralTree

OCTOBER 19, 2023

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

accounts payable 75

accounts payable AP Automation AP Processes Approval Workflows 75

MineralTree

JUNE 1, 2023

Integrating QuickBooks with a compatible accounts payable automation software helps finance teams digitize their entire AP process. Using only QuickBooks for AP involves many manual steps, like chasing down approvers for signatures or getting checks out the door.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

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

SEPTEMBER 28, 2023

The upcoming State of AP Report 2023 highlights that almost half of respondents (49.1%) express concerns about reducing AP processing costs. For example, businesses that rely on manual invoice processing spend up to $12.44 The State of AP Report 2023 highlights that a staggering 84.7% per invoice on average.

Finance 78

Finance AP Automation AP Processes Technology 78

CPA Practice

APRIL 24, 2023

Whether you’re in the midst of digital transformation or just beginning to explore, you’re probably seeing new opportunities to improve your company’s AP processes with the help of technology. Speak to the costs of manual invoice processing and the benefits of automating it.

Technology 80

Technology AP Processes Indiana CPA 80

PYMNTS

MAY 13, 2020

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. Around The AP Automation World. For more on these and the rest of the latest AP automation headlines, download the Tracker. Find the full story in the Tracker.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

MineralTree

SEPTEMBER 7, 2023

The Advantages of a Paperless Invoice Approval System Using a paperless invoice approval solution can help AP departments streamline approvals in a number of different ways. From gaining visibility into the AP process to managing payments in a more timely manner, going paperless has many benefits.

Approval Workflows 77

Approval Workflows AP Processes Technology quickbooks 77

PYMNTS

DECEMBER 13, 2020

That allows for new net cash flow and cost savings for AP, alongside complete transparency and control of the payment process. In October, Finexio raised $23 million in a funding round , which the company said it would put toward streamlining and optimizing the last mile of the corporate AP process.

B2B 97

B2B accounts payable AP Processes Florida 97

MineralTree

AUGUST 24, 2023

Improving the QuickBooks AP Workflow: 11 Reasons to Automate While many organizations continue to rely on the current AP workflow in QuickBooks, the need for a more streamlined process is becoming increasingly clear. Automation tools eliminate this manual work and streamline the entire AP process so you can pay vendors faster.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

Airbase

JANUARY 11, 2023

To solve these problems and free up time for more meaningful work, we’re focused on automating and consolidating the full AP process. When all payment methods are brought together in a single platform, accounts payable work is transformed.

Technology 130

Technology Spend Management Platform accounting and finance Expense Reimbursements 130

MineralTree

JANUARY 11, 2024

With MineralTree, teams can improve their AP process in weeks instead of months. Steps for Making Electronic Payments with NetSuite and AP Automation To effectively enable electronic payments within NetSuite using AP automation, you need to follow a structured approach to ensure seamless execution.

AP Automation 81

AP Automation NetSuite Technology AP Processes 81

MineralTree

MARCH 16, 2023

Accounts payable outsourcing is the business practice of partnering with a third-party AP outsourcing firm to fully offload the handling of your organization’s AP processes. What is Accounts Payable Outsourcing?

AP Automation 88

AP Automation accounts payable Technology Accounts Payable Automation 88

Ryan Lazanis

APRIL 4, 2022

Streamlining bill payments can often get overlooked, but the accounts payable process or AP process has a number of benefits such as: 1. An AP automation software will likely be much quicker to resolve any sort of payable issue. A reconciliation process with your bookkeeping solution, to keep your books clean.

accounts payable 96

accounts payable Technology Accounts Payable Automation AP Automation 96

PYMNTS

OCTOBER 21, 2020

Finexio already has 400 customers and $4 billion in annual spending on AP processes. "With our SCF solution, Finexio now has the ability to offer suppliers payments when, where, and how they want them, something not currently available to middle-market companies and their suppliers today," he said, according to the release.

accounts payable 95

accounts payable AP Processes Florida Hospitality 95

PYMNTS

DECEMBER 16, 2020

More businesses will be able to use their corporate cards as a funding source, while both recouping their rebates and reducing risks associated with AP processes while still automating workload," said Plastiq CEO and Co-founder Eliot Buchanan. Paynetics, Unionpay International Collaborate For Business Cards.

Expense Management 114

Expense Management Technology accounts payable AP Processes 114

PYMNTS

APRIL 16, 2020

The technology, which can be put into place within seven days, will let companies provide their suppliers with the ability to electronically submit invoices and keep their accounts payable (AP) processes running with on-time invoice payments per an announcement. As a result, AP processes and payments to suppliers are facing disruption.

AP Processes 60

AP Processes accounts payable accounting and finance California 60

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

APRIL 28, 2020

This can cause strain especially for SMBs that are still using paper-based AR and AP processes, something that is made even more difficult as they adjust to workforces that are mostly remote. Co mpanies like digital invoicing firm Invoiced are responding to SMBs’ COVID-19 struggles.

B2C 94

B2C AP Processes B2B accounts payable 94

PYMNTS

AUGUST 3, 2020

Business owners are more removed from their companies’ AP processes when staff are working in different locations, after all. Digital tools such as a B2B version of a peer-to-peer (P2P) payment app like Venmo could streamline processes and provide them with better oversight, Askinosie suggested.

AP Processes 81

AP Processes accounts payable Missouri B2B 81

PYMNTS

DECEMBER 28, 2020

Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B 116

B2B accounts payable AP Processes accounting and finance 116

MineralTree

FEBRUARY 1, 2024

Our survey found that in this economic climate, the top issue facing finance leaders is getting more done with less by avoiding new hires and reducing headcount (59%), followed by the goal of reducing AP processing costs (49%). Teams that automate AP processes are likelier to achieve the productivity gains they seek.

accounts payable 74

accounts payable AP Automation AP Processes accountant 74

MineralTree

APRIL 20, 2023

The initiative to automate our AP process was really kick-started during Covid,” said Matt Ogle, Accounts Payable & Vendor Manager for MTB. “A However, because our AP process was entirely paper-based and manual, we had to go into the office to pay our vendors.

AP Processes 77

AP Processes Montana quickbooks accounts payable 77

PYMNTS

NOVEMBER 17, 2020

Through this partnership, we offer organizations even greater control and visibility of their global AP processes from purchase to payment,” Beanworks CEO Catherine Dahl said in the announcement.

AP Automation 84

AP Automation accounts payable AP Processes Technology 84

PYMNTS

DECEMBER 15, 2020

De ep Dive: Giving Invoice Processing A Digital Boost. Businesses that receive paper invoices from their vendors can struggle to keep AP processes running quickly and smoothly, especially when this means their staff has to then manually review and type up the details from the documents. Check out the Report for the full story.

Healthcare 107

Healthcare B2B Technology accounts payable 107