article thumbnail

Tipalti vs. BILL: Software Guide for AP & Finance Teams

Nanonets

Tipalti is a finance automation platform that has been around since 2010. As a tool, Bill.com makes managing payables easy, sends payments via different channels seamlessly, and checks purchase orders to confirm the validity of each incoming invoice. But “What does Bill.com do?” ” you ask.

AP 52
article thumbnail

General Ledger (GL): Definition, Significance, Implementation

Nanonets

This way, automation software can retrieve data such as invoices and purchase orders from other accounting systems, process them and then update the information in the external accounting platform. This means your invoices, receipts and purchase orders are read and processed without the painstaking effort of manual entry.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ep. 213: Robert Bendetti, Jr. - An expert’s guide to cash flow management

IMA's Count Me

I cannot pay payroll with your hopes and dreams, your purchase order, your good meeting. That we might look back at 2010, '18, '19, even '20 as the good times and that the future '23, '24, '25 might be rising interest rates, recession, it might be inflation all in the same stew. The only thing I can make payroll with is cash.

article thumbnail

Preventing payment fraud and shadow spending

Nanonets

A classic example is the flash crash instigated by Navindar Singh Sarah in 2010, in which insider trading caused a sudden 36-minute stock market crash worth $ 1 trillion. Insider Trading: Employees use privileged information to manipulate stock prices or engage in illegal trading activities for personal profit.