article thumbnail

How Does T&E Fit in With Procure-to-Pay Software?

NextProcess

When discussing how to manage spend in the procure-to-pay process, we often think of spend management as involving budgeting, procurement, accounts payable, and payment. Much like procurement, T&E involves employees making business purchases that the company is going to pay for.

article thumbnail

2-Way vs. 3-Way Matching: What’s the Difference?

AvidXchange

It’s when you check an invoice to make sure the information aligns with the information on your purchase order or sales receipt. Mismatching means something’s off such as the amount of the purchase order doesn’t equal the invoice amount. Whatever the case, it’ll help for you to solve this financial issue quickly.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

California Construction Company Goes Paperless with AP Automation

AvidXchange

Westport Construction shares how TimberScan Titanium enhances Acumatica and saves time with digital accounts payable (AP) Vince Wile joined Westport Construction about 10 years ago, evolving from an administrative role on the finance team to a lead decision maker, second to the CFO. If so, you deserve better. So does your business.

AP 52
article thumbnail

What is the Accounts Payable Process?

Nanonets

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. The accounts payable or AP is the amount of money that a business owes to its vendors/suppliers for availing their goods/services.

article thumbnail

5 Factors Construction Leaders Should Consider When Automating Accounts Payable

AvidXchange

Here’s one to consider: whether now is the right time for your company to start automating accounts payable (AP) processes. We also shared a five-step plan to get started on the road to automating accounting processes. Automating Accounts Payable: Factors for Construction Leaders to Consider 1.

article thumbnail

The 7 Best BILL.com Alternatives

Nanonets

Finding the right AP automation software or best accounts payable software for your business isn’t easy. Many options exist, and today’s AI gold rush means new options pop up daily. Bill.com, on the other hand, is renowned for its robust payment processing and broad (but entry-level) AP and AR capabilities.

article thumbnail

The Top 6 Coupa Software Competitors & Alternatives

Nanonets

Accounts payable and spend management platforms are a tricky selection to make; many offer a range of services that can either be “too much” or “too little” for your business, depending on your needs. Plus, describe how this competitor compares in pricing to Coupa.