MineralTree

JANUARY 19, 2023

As the top back-office digitization priority for the last two years, accounts payable is a great example of a tool that is trusted amongst finance teams to simultaneously target multiple areas of concern including security, process inefficiencies, and disorganized AP workflows. To learn more, schedule a demo today.

Accounts Payable 76

Accounts Payable Accounts Payable AP Accounting 76

MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? Leverage Analytics & Optimize Accounts Payable QuickBooks offers a basic payment system but lacks advanced features such as scheduling payments or payment mix optimization.

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Accounts Payable Accounts Payable QuickBooks AP 70

MineralTree

DECEMBER 8, 2022

Our recent 2022 State of AP report confirmed what finance leaders have known for quite some time: labor-intensive processing tasks are overwhelming AP departments without enough employees to help. In the 2022 State of AP survey, 100% of respondents were able to overcome labor issues through automation.

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Accounts Payable Accounts Payable AP Accounting 52

MineralTree

NOVEMBER 17, 2022

While savvy retailers promptly responded to changing customer behavior with new digital technology initiatives, other retailers still struggle with supply chain issues, accounts payable inefficiencies, and high costs, without enough staff to help. 4 Areas Where Retailers Lead in Accounts Payable. Why Now for AP in Retail.

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Accounts Payable Accounts Payable AP Accounting 52

MineralTree

DECEMBER 1, 2022

The good news is that there are several ways your business can reduce overdue payments in your accounts payable department, and it starts with AP automation. In the 2022 State of AP report, 70.8% Additionally the accounts payable report is a great tool to leverage when determining which payments must be made first.

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Accounts Payable Accounts Payable AP Invoicing 52

Oversight

MARCH 10, 2023

Many businesses with ERP systems and AP automation platforms falsely believe they will prevent cash leakage. But duplicate entries, overpayments, and fraud are still slipping through.

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Accounts Payable Accounts Payable AP Accounting 52

Insightful Accountant

MARCH 15, 2023

Check out the accounting software financial technology business that provides accounts payable, procurement and global payments automation software for businesses.

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QuickBooks Accounts Payable Accounts Payable Accounting Software 52

AvidXchange

JULY 14, 2022

READ THE BLOG The post Here’s How a Leading Credit Union Streamlined Accounts Payable Processes and Divorced Paper appeared first on AvidXchange.

Accounts Payable 52

Accounts Payable Accounts Payable AP Financial Services 52

Insightful Accountant

JANUARY 11, 2023

See what ApprovalMax Solution Engineer Alex Gusman has to say about how the all-in-one tool can better streamline your accounts payable process.

QuickBooks 52

QuickBooks Accounts Payable Accounts Payable Accounting 52

AvidXchange

JANUARY 28, 2022

Using industry reports and data insights, we want to help you take advantage of the opportunities — and overcome the challenges — facing the construction industry in 2022. Construction Industry Challenges & Opportunities in 2022 Construction has always been a complicated world. The pandemic took that to another level.

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AP Invoicing Purchase Order Accounts Payable 52

SAP Accounts Payable

JANUARY 6, 2023

And if 2022 taught us anything, it’s better to be proactive than reactive in this economy. You may even have observed or experienced your own infighting between the Procurement and Finance/Accounts Payable departments. Is part of your 2023 goals to improve your internal collaboration across silos? I know mine is!

AP 115

AP Accounts Payable Accounts Payable Invoicing 115

AvidXchange

SEPTEMBER 1, 2021

Here are four tips for speeding up your 2022 budget process: 1. You could also leverage accounts payable and expense reimbursement assessment templates and peer group comparison to streamline processes, minimize cost and improve processing effectiveness. Many companies take even longer.

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Budgeting Data Entry AP Computation 52

NextProcess

NOVEMBER 28, 2022

As we draw near the end of 2022, it’s time to start thinking of your 2023 budgets if you haven’t already. Software to aid in managing procurement, accounts payable, and capital expenses gives you greater insight into cash flow and the tools you need to budget effectively.

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Budgeting Computation Accounts Payable Accounts Payable 52

Xero

JULY 6, 2022

If you’re joining us, take a look at our Xerocon London 2022 event partners, and make sure you add them to your list of must-meets on the 20th and 21st of July at Tobacco Dock in London. Process payments from the existing business bank account. Easily share and collaborate.

XERO 223

XERO Invoicing Collections Accounts Payable 223

Nanonets

SEPTEMBER 21, 2023

The  accounts payable aging  report provides a complete view of a company's outstanding debts and helps effectively manage cash flow by categorizing payables based on their age. Automation software can simplify the process of creating an  accounts payable aging  report and improve accuracy.

AP 40

AP Accounts Payable Accounts Payable Record Keeping 40

MineralTree

JUNE 29, 2023

In order to overcome current market challenges and strengthen their vendor management approach, many AP departments are automating their Accounts Payable invoice-to-pay processes and placing more focus on vendor management. Here are five major concerns currently impacting accounts payable vendor management: 1.

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Vendor Management AP Accounts Payable Accounts Payable 76

AvidXchange

SEPTEMBER 14, 2022

According to the 2022 CINC Systems State of the Industry report , overload and burnout are frequent topics of discussion in the HOA industry. Here’s what we learned from the survey, which was conducted in 2022 and 2021: 1. In fact, the survey indicated employee retention continues to be a top priority for organizations in 2022.

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AP Accounts Payable Accounts Payable Billing 52

AvidXchange

APRIL 18, 2023

McKinsey reports that 82% performed a digital payment in 2022 – up from 78% in 2021. Accounts payable (AP) automation allows your financial teams to pay bills in a similar, simplified fashion. This includes person-to-person payments via apps like Venmo and mobile payments using platforms like Apple Pay.

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AP Accounts Payable Accounts Payable Financial Operations 52

AvidXchange

APRIL 18, 2023

Donors Want Digital Donations McKinsey reports that 82% of Americans conducted a digital payment in 2022 – up from 78% in 2021. Additionally, accounts payable (AP) automation software can help nonprofit financial departments map each donation’s journey through the business, easily generating reports for donors and board members.

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AP Financial Operations Financial Operations Accounts Payable 52

AvidXchange

AUGUST 28, 2023

Reduce Manual Work Accounts payable (AP) departments are often full of tedious manual tasks. Our survey also revealed that only 22% of AP professionals took their full paid time off (PTO) allotment in 2022, and 35% took less than half their PTO.

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AP Accounts Payable Accounts Payable Invoicing 98

AvidXchange

SEPTEMBER 21, 2023

T h e I n s t i t u t e o f F i n a n c e & M a n a g e m e n t (IOFM) ’ s Finance & Accounting Appreciation Week is September 25-29, 2023. Now’s the time to order treats and circulate cards for your hard-working accounts payable (AP) team. Thirty-five percent took less than half of their P TO.

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AP Accounting Accounting Invoicing 105

Nanonets

JUNE 27, 2023

Managing accounts payable processes efficiently is crucial for any organization, impacting cash flow, vendor relationships, and overall financial performance. One significant aspect of accounts payable is the processing of invoices. How much does it cost to process an invoice?

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Invoicing Invoice Processing Data Entry Accounts Payable 52

AP Association

MARCH 15, 2022

For any business that regularly receives and pays invoices, the Accounts Payable department is an indispensable component of its transaction cycle. But a more efficient and reliable process for paying invoices is only one benefit of optimising an accounts payable department.

Accounts Payable 100

Accounts Payable Accounts Payable AP Accounting 100

AvidXchange

OCTOBER 16, 2023

With this early payment option, if a supplier chooses to accelerate an eligible invoice, AvidXchange deposits the funds directly into their account in as little as 24 hours for a small fee. Several of Rothenberg’s customers use AvidXchange to automate their accounts payable (AP) processes and pay their suppliers.

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AR Invoicing Deposits Accounts Receivable 52

Nanonets

APRIL 12, 2024

Accounts Receivable Reconciliation entails reconciling the accounts receivable ledger with customer payments and invoices to ensure that all outstanding receivables are properly accounted for and collected. Organizations are increasingly opting for automation software over traditional outsourcing for accounts reconciliation.

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Account Reconciliation Reconciling General Ledger Bank Reconciliation 52

AvidXchange

JANUARY 24, 2023

In the first episode of the “Net 30” podcast by the AvidXchange Podcast Network , host Chris Elmore sat down with Rhonda Greene and Gary Larson to discuss the future of accounts payable (AP). SOURCE: 2022 Workplace Trends survey, Envoy This means many of the tools are now in place to empower remote and hybrid workforces.

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Accounts Payable Accounts Payable AP Accounting 52

NextProcess

JULY 20, 2023

According to the Association of Certified Fraud Examiners (ACFE)’s “ Occupational Fraud 2022: A Report to the Nations ,” organizations lose about 5% of their revenue to fraud every year. For example, spreadsheet errors played a significant role when JP Morgan lost $6 billion in the “London Whale” incident.

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Expense Reports Purchase Order Invoicing Budgeting 52

AvidXchange

APRIL 18, 2022

billion by the end of 2022. READ MORE: Financial Services Trends - 6 Reasons Why Accounts Payable Will Change in 2022 Are Paycheck Protection Program (PPP) funds running dry? billion in 2018. It’s predicted to grow at 25% to $309.98 The second big reason for spending declines centers on government funding.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

AvidXchange

APRIL 18, 2024

Payment fraud is a major concern in accounts payable (AP) departments. Business email compromise (BEC): Fraudsters impersonate company executives via e-mail and instruct employees to make urgent wire transfers or payments to fraudulent accounts.

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AP Invoicing Billing Accounts Payable 52

AvidXchange

JULY 14, 2023

AvidXchange provides accounts payable (AP) automation Software as a Service (SaaS) to mid-size companies. In 2022, we processed more than 70 million transactions. This article will share all you need to know about working with us. What Is AvidXchange? Based in Charlotte, NC, the company was founded in 2000.

Deposits 52

Deposits AP Invoicing AR 52

AvidXchange

FEBRUARY 10, 2021

These would include automation, accounts payable software , electronic payments , machine learning, data analytics and robotics. Read more: 5 Factors Construction Leaders Should Consider When Automating Accounts Payable If it’s not already, your business will use these technologies in the future – and your competitors will too.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

Nanonets

JANUARY 17, 2024

Nanonets AI helps ACM Services automate extraction from expens e documents, saving 90% time for the Accounts Payable team. Read more Accounting Articles: What is accounts payable process? What is Accounts Reconciliation, and how to automate it? How Happy Jewellers, a SMB, benefitted from NanoNets.

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Expense Reports Budgeting Account Reconciliation Accounts Payable 52

AvidXchange

FEBRUARY 1, 2022

4 Technologies Powering the Future of Accounts Payable Automation A lot happens behind the scenes to power accounts payable automation. DOWNLOAD NOW READ MORE: The Future of AP in 2022 - 7 Important Trends to Be Ready For The post 3 Ways to Fast Forward Your Finance Career appeared first on AvidXchange.

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AP Corporate Finance Accounts Payable Accounts Payable 52

AvidXchange

OCTOBER 14, 2022

We surveyed 500 middle market professionals in August 2022 to better understand how they’re preparing for the recession (if at all) and what their priorities are over the next 12 months. However, critical staffing shortages are forcing senior living communities to find ways to do more with less.

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AP Accounts Payable Accounts Payable Invoice Processing 52

Nanonets

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. We will discuss the following: What is Accounts Payable?

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Accounts Payable Accounts Payable AP Data Entry 52

Gaviti

JANUARY 10, 2023

Why Is a Dynamic Cash Flow Planning Process So Important in 2022? Accounts payable aging. Current accounts receivable. Current accounts payable. The good news is that all financial professionals can learn how to prepare a company to masterfully handle economic uncertainty. Days sales outstanding.

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Budgeting Accounts Receivable Accounts Receivable Account Receivables 98

AvidXchange

NOVEMBER 9, 2022

To understand how businesses are navigating a potential recession, we surveyed 500 middle market professionals in August 2022 to see how organizations are responding to these uncertain times. Forbes reports that the housing market has been in a recession since July 2022. Where are companies putting their technology investment dollars?

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AP Budgeting Billing Accounts Payable 52