The Institute of Financial Operations

APRIL 1, 2022

Do a quick litmus test on your current Accounts Payable (AP) processes: How many FTEs in Accounts Payable? Persuading suppliers to send invoice electronically cuts manual data capture tasks, such as document scanning and data entry. How many invoices do you process per annum?

Accounts Payable 130

Accounts Payable Accounts Payable AP Data Entry 130

Compleatable

JANUARY 21, 2025

In most finance teams, specifically accounts payable, manual AP processes are a major cause of frustration for your finance function. Say goodbye to manual data entry tasks, basic or complicated approval workflows, and a lack of visibility and control. Sage AP Automation for Sage 50, Sage 200 and Sage Intacct.

AP 130

AP Data Entry Accounts Payable Accounts Payable 130

AP Association

JUNE 28, 2022

The role of accounts payable staff has changed significantly over the past two decades as technology has continued to play an ever-increasing part in day-to-day duties. As more aspects of AP processes are taken over by technology, the question is, what is the future of accounts payable?

Accounts Payable 130

Accounts Payable Accounts Payable AP Accounting 130

AP Association

AUGUST 25, 2022

It's tough enough running a business without having to worry about making mistakes with your accounts payable. The following is a list of the most common accounts payable mistakes you should watch out for and try your best to avoid. Data entry errors can lead to inaccurate financial reporting and can be costly to correct.

Accounts Payable 130

Accounts Payable Accounts Payable Data Entry Invoicing 130

Xero

MAY 15, 2024

Close your books faster with automated accounting integrations Connect your Airwallex account to Xero so you can import approved bills from Xero directly into Airwallex for payment. All bill approvals and payment data are regularly synced to your Xero account to speed up your monthly reconciliation process.

XERO 262

XERO Billing Data Entry Accounts Payable 262

AP Association

SEPTEMBER 1, 2022

An accurate and reliable system of monitoring accounts payable gives you a clear picture of your income and expenditure, enabling better business decisions to be made. Accounts payable includes all of your company's expenses, except for the payroll. What does accounts payable mean?

Accounts Payable 130

Accounts Payable Accounts Payable Accounting Accounting 130

Intuit

AUGUST 30, 2024

What’s the difference between bookkeeping and accounting? We’ll define each, explore the differences between bookkeeping and accounting, and discuss what it takes to pursue roles in the fields. Bookkeeping involves categorizing each transaction, specifying the amount involved, and tracking it in the relevant account.

Bookkeeping 246

Bookkeeping Financial Statements Accounting Accounting 246

Compleatable

JULY 8, 2024

One area that has seen significant advancements is Accounts Payable (AP), with Artificial Intelligence (AI) leading the charge. Key Innovations in AI for Accounts Payable Automated Invoice Processing – AI-driven systems can automatically capture and process invoices, extracting relevant data with high accuracy.

Financial Operations 100

Financial Operations Financial Operations Accounts Payable Accounts Payable 100

Compleatable

AUGUST 1, 2024

Current accounts payable purposes and processes Accounts Payable or AP as it is also known, is a term used to describe the means of money being owed by a business to it’s suppliers for goods and services provided. According to UK Finance statistics, almost £1.2billion was lost in 2023 due to invoice fraud taking place.

Accounts Payable 130

Accounts Payable Accounts Payable AP Purchase Order 130

AP Association

MAY 23, 2019

Staying ahead of the game in the accounts payable industry means ensuring that you are up to date with current trends and advancements. Cloud Technology is Key If you look at the majority of private and business environments, you will notice that cloud technology is becoming increasingly popular.

Accounts Payable 130

Accounts Payable Accounts Payable AP Accounting 130

Compleatable

MARCH 31, 2023

Automating the accounts payable process can bring numerous benefits to organizations of all sizes, including increased efficiency, improved accuracy, and reduced costs. In this blog post, we will discuss these benefits in more detail and explain how automating accounts payable can help your business save time and money.

Accounts Payable 100

Accounts Payable Accounts Payable Data Entry Accounting 100

Compleatable

MARCH 6, 2025

“Compleat Software saves us a significant amount of time within our Accounts Payable process, removing manual data entry, invoice storage and providing streamlined approvals.

Data Entry 100

Data Entry Accounts Payable Accounts Payable Invoicing 100

Nanonets

NOVEMBER 24, 2024

Accounts Payable (AP) automation, a critical area in financial management, is no exception. Accounts Payable (AP) Automation We'll focus on building an AP system in this section. Typical Steps in AP Invoice Capture : Use OCR or AI-based tools to digitize and capture invoice data.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

Cevinio

OCTOBER 31, 2023

The advantages of electronic invoicing for accounts payable Governments around the world continue to encourage digitization and push companies towards adopting financial technologies such as electronic invoicing, or e-invoicing. Reduce Data Entry Errors: Manual data entry often leads to mistakes in invoice details.

Accounts Payable 100

Accounts Payable Accounts Payable Invoicing Data Entry 100

AvidXchange

JANUARY 19, 2024

Accounts payable (AP) is a critical function within any business. To make sure your AP department is operating at an optimal level , consider implementing these accounts payable best practices. 1. Enter Invoices Promptly Enter invoice data into your AP system without delay upon receipt.

Accounts Payable 104

Accounts Payable Accounts Payable AP Accounting 104

Cevinio

JANUARY 3, 2024

Building your accounts payable e-invoicing strategy Developing an e-invoicing strategy not only brings you closer to embracing digital transformation but is also essential for businesses aiming to stay competitive; it has transitioned from an option to a strategic imperative.

Accounts Payable 100

Accounts Payable Accounts Payable Invoicing AP 100

Xero

APRIL 16, 2023

Build new automated workflows Complex layers of approval processes can hold up your accounts payable and receivable, no matter how large your business is. Another great option is Lightyear , which focuses on automating Purchasing and Accounts Payable. These apps can help take away those manual workflows.

XERO 245

XERO Purchase Order Data Entry Payroll 245

AvidXchange

SEPTEMBER 30, 2024

Choosing an AP automation solution that integrates with your accounting and ERP platforms is important for system efficiency and accuracy. An integrated accounts payable system can enable seamless data flow, reducing manual entry and errors while providing real-time visibility into financial data.

Accounts Payable 92

Accounts Payable Accounts Payable AP Accounting 92

NextProcess

APRIL 28, 2023

As a small business, how are you managing accounts payable? Later, you might start using accounting software like QuickBooks to help make things easier. It’s not an efficient way to manage Accounts Payable (AP). The post An Easy Accounts Payable Solutions for Small Businesses appeared first on NextProcess.

Accounts Payable 96

Accounts Payable Accounts Payable AP Accounting 96

Compleatable

MARCH 27, 2025

As AvidXchange phases out Ariett on November 1, 2025, businesses are actively seeking robust alternatives for their purchasing and accounts payable automation needs. The system accurately extracts both header and line-level data from invoices in various formats, languages, and currencies.

Purchase Order 100

Purchase Order Data Entry Budgeting Invoice Processing 100

Xero

NOVEMBER 29, 2022

We’re excited to announce November’s app partner of the month is Datamolino – an automated data-capture and invoice coding solution that saves small and medium-sized businesses time by reducing manual data entry. Datamolino works well for both the small business operator or any accounting practice serving small businesses.

XERO 263

XERO Accounts Payable Accounts Payable Data Entry 263

Compleatable

MARCH 20, 2025

In this blog, we will explore these struggles and discuss how implementing process efficiencies, such as purchasing automation and accounts payable (AP) automation, can create significant savings in both time and money. One of the most impactful strategies is leveraging technology to improve operational efficiency.

Accounts Payable 100

Accounts Payable Accounts Payable Invoice Processing AP 100

Compleatable

JANUARY 20, 2025

When it comes to managing Accounts Payable (AP), many businesses focus on optimising internal processes and streamlining workflows. These technology-enabled partnerships reduce manual data entry, enhance accuracy, and improve overall process efficiency.

AP 100

AP Accounts Payable Accounts Payable Data Entry 100

Xero

AUGUST 7, 2024

And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. Event Partner+ Bill BILL for Xero is a simple bill payment solution made to eliminate double entry and piles of paperwork.

XERO 236

XERO Collections Billing Accounts Payable 236

Compleatable

JANUARY 17, 2025

Whether youre part of a single school or a multi-academy trust, automating processes like purchasing and accounts payable (AP) can save time, reduce stress, and free up your team to focus on what really matters: supporting students and teachers. Thats why automation is no longer a luxury its a necessity.

AP 100

AP Invoicing Data Entry Accounts Payable 100

Accounting Tools

FEBRUARY 5, 2024

What are the Accounts Payable Controls? Accounts payable controls are used to mitigate the risk of losses in the payables function. The approver may also want to know which general ledger account will be charged. This is a much more difficult endeavor in an entirely manual accounting system.

Accounts Payable 75

Accounts Payable Accounts Payable Purchase Order Accounting 75

Xero

JUNE 15, 2022

EzzyBills was co-founded by Michael and Li Fitzmaurice in 2014 in Australia, after Michael had been creating tools supporting older, legacy accounting software to keep inventory and sales information up-to-date. EzzyBills eliminates the need for manual data entry as well as the human error that goes with it.

XERO 246

XERO Data Entry General Ledger Accounting Software 246

AvidXchange

FEBRUARY 7, 2025

Why Use Accounting APIs? Tips to Apply Accounting APIs in Your Department | Transform Your Department with Accounting APIs APIs are an important part of accounting. They enable integration between software systems, automating data exchange and reducing the need for manual input. Why Use Accounting APIs?

Accounting 52

Accounting Accounting Data Entry Accounts Payable 52

Compleatable

NOVEMBER 8, 2024

In today’s competitive world, businesses are constantly looking for ways to improve how they work, and accounts payable (AP) automation is a real game-changer. Think of AP automation as a way to take the manual, repetitive parts of your accounts payable process and make them happen smoothly, digitally, and automatically.

AP 100

AP Purchase Order Invoicing Accounts Payable 100

oAppsNet

APRIL 24, 2025

Accounts Payable (AP) may not always grab headlines, but for finance leaders and operational managers, it is the heartbeat of fiscal integrity. At oAppsNET, we recognize that small inefficiencies in accounts payable (AP) can compound into costly financial missteps. A lost invoice. An unchecked approval.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Compleatable

FEBRUARY 10, 2025

Automation eliminates the need for repetitive manual data entry, paper-based approvals, and inefficient workflows. By reducing or eliminating manual data entry and invoice handling, staff can focus on higher-value tasks like budgeting, forecasting, or negotiating vendor contracts. How does this magic work?

AP 100

AP Data Entry Purchase Order Invoicing 100

MineralTree

MARCH 16, 2023

The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. This dynamic, coupled with ongoing threats related to recession and inflation, result in numerous challenges for accounts payable teams. What is Accounts Payable Outsourcing?

Accounts Payable 88

Accounts Payable Accounts Payable AP Data Entry 88

oAppsNet

APRIL 18, 2025

When it comes to accounts payable (AP), no one wants to leave money on the table, but overpayments remain a costly reality for many organizations. Standardize Invoice Entry to Eliminate Numbering Errors Duplicate invoice payments often begin with a single, straightforward issue: inconsistent invoice numbering. The good news?

AP 52

AP AR Accounts Payable Accounts Payable 52

Compleatable

MARCH 26, 2025

Companies like Compleat Software are stepping in with Accounts Payable (AP) automation tools that eliminate manual data entry, reduce human error, and speed up invoice approvals. For cash-strapped healthcare providers, having real-time financial visibility and better budget control can be a game-changer.

Data Entry 100

Data Entry Accounts Payable Accounts Payable AP 100

Jetpack Workflow

APRIL 24, 2025

According to a recent survey , 92% of accounting professionals say they spend too much time completing manual tasks jobs like data entry, client payroll, payment reminders, and bank reconciliation. Thanks to artificial intelligence and other advances, todays accounting automation technology is better than ever.

Data Entry 52

Data Entry Accounting Accounting Bookkeeping 52

MineralTree

JULY 13, 2023

Accounts payable forecasting is a lot like gazing into a crystal ball — it enables businesses to predict and plan for upcoming financial obligations. Accounts payable forecasting refers to the process of calculating future financial obligations based on historical data, trends, and business forecasts.

Accounts Payable 71

Accounts Payable Accounts Payable AP Accounting 71

Nanonets

FEBRUARY 1, 2024

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

Accounts Payable 64

Accounts Payable Accounts Payable AP Accounting 64