Counto

NOVEMBER 2, 2024

Effective Management of Large Numbers of Invoices for Singapore SMEs Managing a high volume of invoices can be a daunting task for small and medium enterprises (SMEs) in Singapore. However, with the right strategies and tools, businesses can streamline their invoicing processes and improve efficiency.

Invoicing

oAppsNet

DECEMBER 17, 2024

Conducting an accounts payable (AP) audit is critical in ensuring your business’s financial health and integrity. In this article, well guide you through the steps to conduct an effective AP audit, discuss best practices, and highlight key areas to focus on. What Is an Accounts Payable Audit?

AP

AvidXchange

FEBRUARY 7, 2025

Accounting APIs connect your accounting software or enterprise resource planning (ERP) system with other software used within your organization. For example, you may be able to use an API to connect your procurement system and your accounts payable (AP) software to enable purchase order and invoice matching.

Accounting

Nanonets

NOVEMBER 18, 2024

Need for strong customer support In this article, we’ll explore the top alternatives to Rossum, offering an unbiased look at their strengths to help you identify the right solution for your company's document processing needs. Real-time data extraction: Quickly processes receipts and invoices, ensuring faster workflows.

Invoicing

Gaviti

JULY 27, 2025

Short payments, where a customer pays less than the stated invoiced amount, can disrupt your cash flow, cause reconciliation headaches, and strain business relationships. This article explores causes, solutions and short payments and how automation can help implement a consistent strategy and consistency.

Invoicing

Nanonets

MAY 28, 2025

It represented an interesting shift in how we interact with accounting software. Instead of navigating menus and forms, you can simply message JAX through WhatsApp or email to create invoices, check cash flow, or handle bills. Xero has added several AI capabilities that can make a difference in how you handle daily accounting tasks.

XERO

Trade Credit & Liquidity Management

JUNE 23, 2025

While it's tempting to assume that slow payments are solely a customer-side problem, many of the most common causes originate within your own operations: inaccurate invoices, format mismatches with accounts payable (AP) systems, outdated payment options, and overly liberal credit policies.

AR

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. Compleat’s Enhanced Offering: Compleat Software advances invoice processing with AI-driven invoice capture technology.

Purchase Order

AvidXchange

DECEMBER 20, 2024

Creating 1099 reporting is one task that can take less time with accounts payable (AP) automation. Time Savings and Efficiency Automating manual AP tasks, such as coding invoices, matching POs, and issuing check payments , allows AP teams to focus on higher-priority tax season tasks.

AP

Counto

FEBRUARY 19, 2025

Scammers are becoming more sophisticated, using phishing emails, fake invoices, and unauthorised transactions to exploit vulnerabilities in payment processes. Invoice Fraud Fraudsters create fake invoices that appear legitimate and send them to businesses for payment. Common Types of Bill Payment Fraud 1. Learn more here.

Billing

Counto

DECEMBER 7, 2024

Not Reconciling Accounts Payable and Receivable Why This Happens: In the rush of running a business, SMEs in Singapore often overlook regular reconciliation, leading to discrepancies that can affect cash flow. Example: Bens construction company in Singapore didnt track overdue invoices, leading to cash shortages just before payroll.

Financial Statements

Gaviti

JUNE 30, 2025

This article breaks down why cash flow management strategies matter, which techniques are most effective, and how forward-thinking CFOs are securing their companies’ financial futures with smart planning, and the right tools. Vendor Payment Optimization Manage accounts payable by: Negotiating favorable payment terms.

Collections

NextProcess

MARCH 23, 2025

So you’re working in Accounts Payable. You’re surrounded by paperwork, you’re manually entering data, and you’re struggling to keep track of invoice deadlines. Step 1: Get Perspective First of all, you need to look at accounts payable automation from your boss’s perspective.

AP

Counto

FEBRUARY 19, 2025

Examples of variable bill payments: Supplier invoices for inventory or raw materials Marketing and advertising costs Utility bills (electricity, water, internet) Commissions and performance-based salaries Repairs and maintenance costs Impact on cash flow: Variable expenses require flexibility. Streamline your finances today. Learn more here.

Billing

Counto

MARCH 6, 2025

Invoice Financing Unlock working capital by leveraging outstanding invoices as collateral. Simplify Your Bill and Salary Payments with Counto BillPay Try Counto BillPay, your all-in-one solution for bill payments, spend management, and accounts payable. Automate your financial processes with our intelligent AI.

Billing

AvidXchange

JULY 18, 2025

And we get it—you’re trying to make sure that any addition to your tech stack isn’t just shiny, but truly valuable. In this article, we’ll share how three property management companies turned AP automation into a smart investment that saved them time, cut down on errors, and paid off fast. At AvidXchange, we hear this a lot.

AP

Compleatable

JANUARY 30, 2025

So what is the conclusion of this article? Add-on solutions are needed to plug the gaps in accounting and ERP solutions. If I cannot access that data now and from any device including mobile, then it isn’t for me! If finance teams are using slow, out of data processes or technology, then it is holding businesses back!

Accounting Software

NextProcess

MAY 30, 2025

We’ll take a look at the pros and cons of both in this article. If you go with NextProcess for your accounts payable automation, you’re typically looking at as little as 60 days for initial implementation and 3 to 4 months to be fully set up for AP. Here’s an example of how quickly you can implement a SaaS BPA solution.

Computation

CapActix

MAY 8, 2025

In this article, we will explore the benefits and drawbacks of each option. They need to think about whether they should look for reliable bookkeeper services near me or consider outsourced bookkeeping solutions for a business. Moreover, we will discuss further details.

Bookkeeping Services

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? How many invoices do you process per annum? This provides you with the number of invoices processed per FTE per annum. That’s quite a difference and statistics should be taken with a ‘pinch of salt’.

Accounts Payable

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. Always check to see if the invoice has already been paid when making a payment.

Accounts Payable

AP Association

APRIL 12, 2022

For many years, businesses have viewed accounts payable as a routine but necessary back-office task. Invoices come in and, eventually, money goes out of the company bank account. It’ll be costly to administer your accounts payable, and you run the risk of irritating your suppliers.

Accounts Payable

AP Association

JUNE 14, 2019

If you’ve recently lost your job , or are looking for a new role, and you have finally been able to get an interview at a great company, in the accounts payable department, and now it is time to prepare yourself. Look out for any current news articles that may be online about them, as well how they engage with people on social media.

Accounts Payable

AP Association

APRIL 7, 2022

Accounts payable (AP) is an integral part of business finance that works to ensure that companies are effectively handling their financial obligations. From the digitisation of accounting processes to the integration of automation, there are a number of emerging trends in AP to watch out for.

Accounts Payable

The Institute of Financial Operations

JULY 12, 2021

WHAT IS AN ACCOUNTS PAYABLE RECOVERY AUDIT? Quite simply, it is a review of your Accounts Payable historical data for the purpose of identifying and recovering funds paid to your vendors and suppliers resulting from overpayments and under-deductions. WHY SHOULD MY COMPANY CONDUCT AN ACCOUNTS PAYABLE RECOVERY AUDIT?

Accounts Payable

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. Approve Supplier Invoices The person in a position to authorize payment signifies his or her approval of a supplier invoice. The controls are described below.

Accounts Payable

MineralTree

FEBRUARY 1, 2024

The pandemic dramatically exposed the inefficiencies of manual, paper-based processes and the difficulties of managing remote team members, invoice approvers, and payment authorizers. Key takeaways Accounts payable teams continue to face challenges with fewer resources, despite it being nearly four years since the onset of the COVID pandemic.

Accounts Payable

oAppsNet

APRIL 5, 2024

As we usher in the year 2024, the accounts payable (AP) landscape is undergoing rapid transformation driven by technological advancements, changing business dynamics, and evolving customer expectations. ML algorithms can analyze historical data to identify patterns, predict cash flow trends, and optimize payment strategies.

Accounts Payable

AvidXchange

SEPTEMBER 27, 2024

Automating accounts payable (AP) is an effective way to streamline your invoice approval and payment processes, reduce costs, and strengthen supplier relationships. Traditional AP processes can be time-consuming, prone to human error, and involve a lot of manual data entry. Why Automate Accounts Payable?

Accounts Payable

Spenmo

NOVEMBER 8, 2022

The Top 5 Challenges of Accounts Payable and its Solutions How do you get the most value out of payments while addressing challenges like inefficiency, lack of spend optimisation, out-of-policy spending, and compliance issues? Challenge #2: Lack of spending visibility This issue is a constant in accounts payables.

Accounts Payable

oAppsNet

OCTOBER 22, 2024

Accounts Payable (AP) is a critical business function. Traditionally, this process involved manual tasks like invoice processing, approvals, and payment disbursement, which were prone to errors and inefficiencies. This article will explore critical accounts payable trends shaping financial operations’ future.

Accounts Payable

oAppsNet

DECEMBER 13, 2024

Accounts payable (AP) fraud is a growing threat to businesses of all sizes. Fraudsters are finding increasingly creative ways to exploit vulnerabilities within the accounts payable process, leading to significant financial losses for companies. Here are some common red flags of accounts payable fraud: 1.

Accounts Payable

Outsourced Bookeeping

MAY 10, 2023

The management of a restaurant’s financials is incomplete without the incorporation of the pivotal restaurant accounts payable process. Proper handling of accounts payable guarantees timely payment to suppliers and vendors, resulting in the seamless operation of a restaurant.

Accounts Payable

Counto

FEBRUARY 3, 2024

Managing Accounts Payable for Small Businesses In the world of small businesses and startups, managing accounts payable (AP) is a critical aspect of maintaining a healthy cash flow. Plus, we’ll explore the benefits of using automated software to streamline the accounts payable process.

Accounts Payable

Nanonets

MARCH 20, 2023

Accounts payable software is increasingly being used by businesses worldwide. Automated accounts payable software can efficiently manage large volumes of financial transactions between a company and its suppliers, while also automating ancillary activities such as approvals and payments. What is accounts payable software?

Accounts Payable

Counto

FEBRUARY 4, 2024

Accounts Payable Process: Overcoming Common Challenges with Automation Managing your accounts payable (AP) process effectively is crucial for maintaining smooth financial operations and vendor relationships. Slow Processing: Manual paper-based processes slow down your accounts payable workflow considerably.

Accounts Payable

AP Association

APRIL 2, 2019

If your business has not yet begun looking at ways to reduce the length of the payment timeline, this article may be a push in the right direction. Basically, small businesses have been receiving the brunt of late payment practices and measures have now been put in place to tackle the epidemic.

AP