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Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Palette Software Integrates With Aptean ERP For B2BAP Automation.
AP automation is a key strategy for many finance leaders In the survey, finance leaders ranked AP automation as their top digitization priority in the back office—ahead of Accounts Receivable (AR), expense management, close management, and forecasting.
The connection will let firms that have invested in Aptean digitize their APprocesses with Palette's offering. To automate APworkflows, Palette's AP Automation for Aptean harnesses robotic process automation (RPA).
Integrating QuickBooks with a compatible accounts payable automation software helps finance teams digitize their entire APprocess. It offers a range of features that support bookkeeping, financial reporting, and inventory management, but its accounts payable (AP) functionality is relatively bare-bones.
Finance administrators and project managers both benefit from automation of the accounts payable process. Also, the approvalworkflow is coded into the system, where exceptions are handled. As a result, administrators and approvers have a faster way to take care of problems.
“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
Efficient digital payments are critical for accounts payable (AP) teams to streamline the APprocess 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.
“Buyer companies need to be able to convert the data within those documents into a digitized workflow, where they can review, approve and better understand the related impact to their cash flows,” he said.
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