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Month-end close has long been a strain on finance departments—especially for Accounts Payable (AP) teams buried under manual processes. And too often, AP professionals are left scrambling to meet deadlines while navigating outdated workflows. Time, accuracy, and control collide in the final days of every month.
When it comes to managing Accounts Payable (AP), many businesses focus on optimising internal processes and streamlining workflows. But one factor often overlooked is the crucial role your B2B suppliers play in the success of your AP operations. Are you focusing on supplier selection as part of your AP strategy?
EDT 5 Min Read Facebook Twitter LinkedIn Email Over the last several months, Ive been partnering with Intuit QuickBooks, Brittany Brown with Ledger Gurus and Utah Valley University professor David Waite to deliver a hands-on accounting curriculum that teaches students the skills they need to succeed in the accounting profession.
OCR Technology: A Great Start for AP Efficiency As businesses look to modernize their accounts payable (AP) operations, Optical Character Recognition (OCR) has become an important tool for streamlining invoice processing. This is where Ascend AP stands apartbridging the gap between OCR efficiency and full AP automation.
The accounts payable (AP) function is evolving and AI is leading the charge. As automation becomes a must-have across accounting, the path to value lies in how to adopt, scale, and optimize the technology behind it. We’ll break down best practices, avoidable missteps, and share real world implementation stories.
In many enterprise organizations, accounts payable has long been seen as a quiet, operational function — efficient, reliable, and often overlooked. Leading finance teams are beginning to recognize AP not just as a transactional necessity, but as a strategic asset. But that perception is changing.
For accounts payable (AP) departments, this challenge presents a critical question: how can volume grow without compromising timeliness, accuracy, or oversight? As companies expand, finance teams are often asked to process more transactions without a proportional increase in staff or resources.
Accounts payable departments are an essential part of any organization, ensuring that suppliers and vendors are paid accurately and on time. Fortunately, advancements in technology have led to the development of automated AP workflow solutions that can streamline the accounts payable process and eliminate the need for manual intervention.
Sage AP Automation for Sage 50, Sage 200 and Sage Intacct. In most finance teams, specifically accounts payable, manual AP processes are a major cause of frustration for your finance function. But with AP automation, it doesnt have to be that way.
Join Wayne Richards and Danny Gassaway for a practical guide on bringing accounts payable (AP) automation to your organization. Key Takeaways ✅ Boost Efficiency & Cut Cost: Discover how AP automation eliminates manual tasks, accelerates workflows, and reduces processing costs.
As finance teams evolve, the way they approach accounts payable (AP) automation is shiftingfrom standalone tools to integrated strategies. Choosing the right AP automation path isnt just about software features; its about making ecosystem-aligned decisions that elevate performance without complicating your tech stack.
While many organizations have implemented automation in either accounts payable (AP) or accounts receivable (AR), the real transformation occurs when both systems work together as an integrated financial ecosystem.
Most AP automation tools are built on fixed templates, rigid routing paths, and logic that assumes your business will operate the same way tomorrow as it does today. Automation was supposed to simplify invoice processing — faster approvals, fewer errors, cleaner workflows.
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. This guide breaks down AP automation, covering everything from how to get started to the key benefits and features to look for.
From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. This session is your playbook to get automation right.
Behind the scenes, accounts payable (AP) teams are managing increasing volumes of invoices, dispersed across departments, campuses, and sometimes even continents — all while working with outdated systems and lean staffing models.
Accounts Payable (AP) automation can be a life saver, its not just another bit of tech, its a practical way to save time, cut down on errors, and get more control over your payments without needing to grow your team. With AP automation, you have digital trails showing who approved what, when, and why, and its all done automatically.
AP automation isnt just about making life easier for the finance departmentits a direct path to saving serious money, reducing headaches, and improving overall operational efficiency. According to QX Global Group , automating AP processes can cut invoice processing costs by 60% to 90% per document. Youll be amazed by the difference.
Discover what senior finance leaders really want from AP automation in 2025. Based on new market research, this blog explores why most solutions fall short—and how Ascend delivers the seamless integration, ROI clarity, and intelligent automation they’re asking for.
In conversations with our Account Managers, one theme continues to emerge: high-performing AP teams are focused on results that are measurable and repeatable. From quality metrics to time and cost savings, the bar for what "good" looks like in accounts payable has never been clearer.
Accounts payable (AP) automation has the potential to revolutionize financial operations, driving efficiency, accuracy, and cost savings. However, despite the many advantages of automating AP processes, not all implementations are successful.
The Leadership Challenge Behind AP Automation While the market frequently focuses on the capabilities of AP automation platforms, far less attention is given to the realities of managing the people expected to use them.
If you are an accounts payable accountant, were sharing these seven differences between Business Central and GP with you in mind. Menus, and navigation are different, requiring APaccountants to adapt to new processes for working with their financial data. Search is Awesome!
Recently, they identified an opportunity to enhance their financial operations by automating their accounts payable (AP) processes. Recognising the need for a more efficient system, they explored solutions to streamline their AP operations. Download the Prospect Hospice Testimonial HERE.
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. Ready to Automate Your School?
Did you know Microsoft Dynamics GP includes a powerful feature that can significantly reduce the time and effort required to reconcile your Accounts Payable subledger with your General Ledger? In this post we will tell you about Great Plains' Reconcile to GL tool, how to use it and the how it helps AP teams reduce month-end stress.
Vendor invoices are now easier to process for AP professionals using Microsoft Dynamics Business Central with Binary Stream Multi-Entity Management (MEM).
The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. Touchless AP Processes : Fully automated invoice approvals, three-way matching, and payment processing will minimise manual intervention and errors.
Hear from Sam Johnson, Partner Success Manager for PayTrace, and Kevin Pritchard, VP of Product and Growth for Fidesic, discuss how the complementary partnership between PayTrace and Fidesic provides a comprehensive AR/AP solution that integrates directly with Microsoft Dynamics Business Central.
If they are hesitant to invest or even spend time discussing AP automation, it’s probably because they are dedicating their busy calendar time to what they see as more important and more exciting. Whether you’re talking about your COO, CFO, CIO or the entire executive suite, these folks are probably juggling a lot of moving parts.
In this context, one often-overlooked area that can deliver significant impact is how purchasing and accounts payable (AP) processes are managed. By implementing a more streamlined approach to purchasing and AP, youre not just cutting costs; youre safeguarding resources to better serve your mission. Fund additional programs.
The world of accounts payable (AP) is undergoing a significant transformation, with artificial intelligence (AI) and machine learning (ML) technologies playing a crucial role in this evolution. Cutting-edge technologies are reshaping accounts payable automation. These solutions are suitable for businesses of all sizes.
As a critical function of any business, Accounts Payable (AP) is responsible for managing the company's financial obligations to its vendors, suppliers, and creditors. Whether you are a seasoned accounting professional or a new entrant into the field, understanding the terminology associated with AP is essential.
Accounts payable is a roller coaster… Ok, maybe it’s not quite that exciting, but those of us who work in AP everyday know how volatile it can be. We also know the dangers that a poorly managed accounts payable process can pose.
Introduction: The Illusion of Small Tasks In accounts payable, where high-volume operations are the norm, individual tasks often go unquestioned. Five minutes spent manually processing an invoice may appear trivial—until one calculates the cumulative effect across an enterprise. Time, when unmeasured, becomes the most expensive oversight.
Accounts payable is a roller coaster… Ok, maybe it’s not quite that exciting, but it’s not the wet blanket that some people think it is (looking at you sales team). Those of us who work in AP everyday know how volatile it can be and the dangers that a poorly managed accounts payable process can pose.
Accounts payable (AP) e-document compliance is a topic that has been gaining traction in recent years. In this article, we will explore the latest news and developments in AP e-document compliance with focus on France and Spain.
Automation has revolutionized the way finance teams operate, with accounts payable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. But while automating AP is an important step, it’s only one side of the equation. Why AR Automation Complements AP Automation 1.
Are accounts payable (AP) professionals happy at work? The survey, summarized in the 2024 Accounts Payable Career Satisfaction Report , found that access to technology like automation tools enhances career satisfaction for AP staff. Only 30% of AP pros reported working entirely in the office, down from 39% in 2023.
For finance departments, one of the most transformative tools has been Artificial Intelligence (AI), which has quickly become an asset in streamlining Accounts Payable (AP) processes , combating fraud, and offering real-time insights. Adopting the latest tools isn’t just an advantage; it’s essential for staying competitive.
Conducting an accounts payable (AP) audit is critical in ensuring your business’s financial health and integrity. An effective AP audit helps identify inefficiencies, discrepancies, fraud, and opportunities for process improvement. What Is an Accounts Payable Audit? Here are the key steps involved: 1.
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