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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette allows these firms to ingest invoice information from suppliers in an expedient fashion, handle invoices with an automated process for approvals, and provides a trail that auditors can examine. Also, the approval workflow is coded into the system, where exceptions are handled.

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The major benefits of AP Automation.

Airbase

Modern solutions increasingly take a more holistic approach and automate many pre-accounting tasks, like approval workflows and securing receipts and contracts. Auditors and reviewers can swiftly verify the accuracy and compliance of financial records, reducing the time and effort to manually gather and reconcile this data.

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How to Effectively Audit Accounts Payable

MineralTree

The audit process is comprehensive and detailed, involving a series of steps that aim to validate and improve the accounts payable function in each of the following areas: Completeness When auditing accounts payable, auditors must ensure that everything that should be present is indeed there.

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Palette Software Integrates With Aptean ERP For B2B AP Automation

PYMNTS

To automate AP workflows, Palette's AP Automation for Aptean harnesses robotic process automation (RPA). The intuitive dashboard of Palette offers a full summary of vendor invoices as well as their status in the approval workflow in addition to outstanding payables.

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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

Our customizable payment approval workflow feature enhances control and oversight of payments and is free, potentially saving accountants hundreds of dollars per year when switching from costly approval tools. By automating routine tasks, Forwardly empowers accountants to transition from bookkeeping to higher-value tasks.

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5 Essential Tips for Mitigating Fraud with Internal Controls

Basis 365

Most companies have no approval solution for corporate cards. This tool allows you to set up approval workflows that align with your company’s policies. For example, you can require approvals for any expenses exceeding a predefined threshold.