This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Purchase Invoice Management Software is increasingly becoming an essential tool for businesses aiming to streamline their purchasing and accounts payable processes. They handle both digital and paper invoices, significantly reducing administrative workload. See Types of Invoice Fraud.
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?
Automation was supposed to simplify invoice processing — faster approvals, fewer errors, cleaner workflows. 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.
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.
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. 📆August 19, 2025 at 9:30am PDT, 12:30pm EDT, 5:30pm BST
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. or Wheres that invoice gone? AP automation gives you a live view of whats coming in and whats going out.
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.
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.
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.
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.
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.
In this context, one often-overlooked area that can deliver significant impact is how purchasing and accounts payable (AP) processes are managed. Meanwhile, the finance team is buried under piles of paper invoices, struggling to process payments before deadlines. Sound familiar? These inefficiencies quickly add up.
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.
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. How does this magic work?
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.
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. Automating invoice approvals to streamline workflows.
Accounts payable (AP) fraud is a significant threat to businesses of all sizes. Fraudsters are becoming increasingly sophisticated in exploiting vulnerabilities within the accounts payable process to misappropriate funds, steal from companies, or manipulate financial data.
Determining the return on investment (ROI) of implementing an AP automation solution involves comparing the tangible and intangible benefits against the costs. Factors for Calculating Accounts Payable Automation ROI Calculating AP automation ROI involves several key factors. Below is a breakdown of the elements to consider.
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. Most AP overpayments stem from five common areas. Heres how to prevent AP overpayments before they affect your bottom line. The good news?
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.
Between managing budgets, approving invoices, and ensuring everything runs smoothly, it can sometimes feel like there just arent enough hours in the day. By automating processes like purchasing approvals and invoice management , you can streamline workflows, cut down on delays, and reduce errors.
In the realm of accounts payable, exception handling is more than a workflow obstacle—it’s a strategic opportunity. Manual processes for resolving invoice discrepancies—whether mismatches, incomplete data, or missing purchase orders—create costly delays, frustrate vendors, and sap CFOs’ working capital agility.
Recently, they identified an opportunity to enhance their financial operations by automating their accounts payable (AP) processes. Manual invoice processing was time-consuming and susceptible to delays, especially during staff absences. Download the Prospect Hospice Testimonial HERE.
Accounts Payable (AP) fraud is like a hidden drain slowly sucking the lifeblood out of your business. This article will explore accounts payable fraud, its different forms, and how to spot it before it causes severe damage. What is Accounts Payable Fraud? AP fraud is more common than most business owners think.
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.
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. The impact?
For many companies, managing accounts receivable (AR) and accounts payable (AP) is a constant challenge, with delayed payments, manual errors, and lack of real-time visibility causing significant disruptions. A study by Atradius revealed that 48% of B2B invoices in the U.S. 13 top AR and AP software solutions.
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.
Accounts payable (AP) fraud is a growing threat to businesses of all sizes. Fraudsters are becoming increasingly sophisticated, leveraging technology and exploiting vulnerabilities within AP processes to steal funds and manipulate financial records. Warning Signs of Accounts Payable Fraud 1.
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.
Have you noti ced inefficiencies in your accounts payable (AP) department ? In this post, well explore key indicators that signal its time to streamline your AP workflow and boost efficiency with automation. Speak to an Expert About Automating Your AP 1. It might be time for a change.
Managing invoices in financial services is no walk in the park. It’s not just about sending an invoice; it’s about doing it with precision, ensuring compliance, and, of course, making a good impression on clients who expect absolute professionalism. billion in 2023 to a whopping $18.08 billion by 2032.
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!
They are also 10% more likely to receive full payment on overdue invoices. It adds another layer of AI-powered automation to your QuickBooks workflows, enabling you to automate information capture, approval routing, and invoice posting. Artificial intelligence is transforming how 10 million QuickBooks customers manage their finances.
Manual invoice processing (AP). You may not realise it, but the outdated practice of manually entering, managing, and paying invoices could be the silent killer of your businesss growth. Manual invoicing might seem like an acceptable solution for small businesses, especially if you have a lean team or just a few suppliers.
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.
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.
Accounts payable (AP) teams that once relied on manual processes and traditional automation are now looking to the next frontier: Agentic AI. This new breed of AI—capable of autonomous, context-aware decision-making—is poised to transform how AP workflows are designed, executed, and optimized. What Is Agentic AI? Here’s how: 1.
Picture this: You’ve got stacks of invoices, working with numbers again and again, and facing constant payment issues. But what if there was a way to have your invoicing easy to design and even easier to send out? Automated invoicing software is the secret tool that every business should be using. Let’s jump right in!
Creating 1099 reporting is one task that can take less time with accounts payable (AP) automation. Learn More About AP Automation What is a 1099? AP automation can simplify this process greatly. Tax season is a busy time for finance departments.
Accounts Payable (AP) automation, a critical area in financial management, is no exception. Components of an AP system. Coding a multi-agent system to automate AP process. By the end of this blog, you’ll understand how to code your own AP agent for your own invoice use-case.
With the new bank import functionality, users can now securely connect to nearly any financial institution to import accounts payable and accounts receivable transactions, importing and matching transactions directly in CenterPoint. All rights reserved.
As governments worldwide move toward mandatory electronic invoicing (e-invoicing) systems, businesses are facing a new challenge: adapting their processes to comply with these regulations.
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.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content