Ascend Software blog

APRIL 25, 2023

Struggling with time-consuming and inefficient accounts payable processes in your healthcare organization? Dive into this comprehensive blog post to learn how healthcare AP automation can help streamline invoice processing, reduce costs, and enhance patient care, offering valuable solutions to your AP challenges.

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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.

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Nanonets

APRIL 10, 2024

This is especially true for the accounts payable (AP) department, which manages a company's financial obligations to suppliers. Automation in accounts payable refers to using software to digitize, streamline, and optimize the end-to-end process of managing payables.

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AP Association

JANUARY 23, 2023

As a result, businesses are increasingly automating their accounts payable process to increase efficiency going into 2023. All three are directly connected in post-pandemic Britain as businesses streamline processes to utilise limited resources most effectively. Inflation has reached a 41-year high of 11.1%

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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. Lowered their invoice-processing costs by 12%.

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Nanonets

MAY 11, 2023

Invoice processing or bill processing is the whole gamut of operations associated with the business-end (pun unintended) of purchasing products/services from a vendor. It encompasses all the steps right from receiving a vendor’s invoice to recording the payment made after appropriate checks & approvals.

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AP Association

MARCH 1, 2022

If you're considering embarking on a career as an Accounts Payable professional, it's essential to make sure that you have a full understanding of the key skills and responsibilities required. Keeping a detailed record of these numbers can help accounting teams create accurate reports to be reviewed by businesses.

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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.

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AP Association

MARCH 22, 2022

If you are considering embarking on a career as an Accounts Payable professional, it is essential to make sure that you have a full understanding of the key skills and responsibilities required. Keeping a detailed record of these numbers can help accounting teams create accurate reports to be reviewed by businesses.

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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.

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Cevinio

FEBRUARY 25, 2024

Automating non-PO invoices alongside PO invoices brings numerous advantages, contributing to a more efficient and reliable financial process […]

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Invoicera

APRIL 2, 2024

The accounts receivables and payables management records have a unique significance in the business world. Let’s dive into detailed information about Accounts Payable and Receivable Management and their importance. What is Accounts Payable Management? Let’s first understand, what are Accounts Payable.

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Outsourced Bookeeping

DECEMBER 22, 2023

In the ever-evolving context of corporate operations, effective invoice processing is essential to the smooth running of financial workflows. To meet the constantly changing needs of contemporary businesses, finding the finest invoice processing solutions becomes even more important as we approach 2024.

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oAppsNet

APRIL 15, 2024

In the dynamic landscape of corporate finance, the role of accounts payable (AP) professionals are evolving rapidly. Streamlining Payment Processes with Automation In 2024, AP professionals will increasingly leverage automation technologies to streamline payment processes and improve efficiency.

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Fidesic blog

SEPTEMBER 12, 2023

A new AI powered invoice process solution for Microsoft D365 Business Central is a truly transformative piece of technology for accounts payable pros.

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Tipalti

FEBRUARY 21, 2024

Automate your invoice processing with the help of software designed to save you time and money. Learn how invoice automation works in this in-depth guide.

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Tipalti

MAY 30, 2023

Automate your invoice processing with the help of software designed to save you time and money. Learn how invoice automation works in this in-depth guide.

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Tipalti

DECEMBER 29, 2023

OCR plays an important role in making your invoice processing operations as seamless as possible. But what exactly is Optical Character Recognition?

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Nanonets

NOVEMBER 30, 2023

Companies that establish accounts payable best practices increase the visibility of information, reduce their invoice processing time, save money, strengthen internal controls and cash flow management, reduce fraud and errors, and improve vendor relationships. Use automatic AP invoice approval processes. 

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NextProcess

MARCH 22, 2024

The accounts payable department is responsible for managing a company’s payments. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether to invest in updated accounts payable (AP) processing might not be an easy decision.

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NextProcess

APRIL 28, 2023

As a small business, how are you managing accounts payable? Early on with a small business, it’s pretty common to use a manual, paper-based process. You simply write a check for invoices when they come in, and you might track payments in Excel or some other program. Also, paper-based systems and Excel files lack security.

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Nanonets

NOVEMBER 15, 2023

Switching to paperless  accounts payable  is intimidating. Based on the numbers, it is evident that a transition to a paperless accounts payable system is necessary. These figures underline the need for a more efficient, streamlined way to handle  invoices ,  purchase orders , and  payments.

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Nanonets

SEPTEMBER 22, 2023

Accounts payable software for small business  can significantly enhance financial workflow and improve overall efficiency. This powerful tool automates and streamlines the accounts payable processes, helping businesses manage invoices, vendor payments, and maintain accurate financial records.

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oAppsNet

APRIL 9, 2024

As we enter 2024, the landscape of accounts payable (AP) departments is poised for significant transformation. With the advent of artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML), AP professionals will leverage automation tools to reduce manual efforts and accelerate workflows.

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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. Any mishaps in this process can have far-reaching consequences for your business.

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IPS

APRIL 5, 2022

Manual processes are a big problem for accounts payable (AP) departments.

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Tipalti

MARCH 24, 2023

Maximize the potential of your QuickBooks system and establish a reliable accounts payable workflow. From invoice processing to vendor payments, read our in-depth guide.

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MineralTree

MARCH 14, 2024

For scaling businesses, invoice payments rapidly grow in volume and complexity. However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. Did you know?

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Nanonets

MARCH 29, 2023

What is Accounts Payable? Accounts payable (AP) refers to the amount of money a company owes to its vendors, suppliers, and creditors for goods and services received but not yet paid for. Once the invoice has been verified, the company records the amount owed in its accounts payable ledger.

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Nanonets

SEPTEMBER 22, 2023

Accounts payable  and  accounts receivable  play a crucial role in a company's financial health and should be managed effectively for optimal  cash flow  and accurate  balance sheet  reporting.  What is Accounts Payable?

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AP Association

JULY 27, 2021

The Accounts Payable (AP) function is a critical backbone for managing cashflow and fostering business resilience within an organisation – but what of the people, processes and environment that make up AP? And as technology continues to evolve, AI for example, plays an ever increasing role. The end result?

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Nanonets

MARCH 22, 2023

Growing businesses have to maintain relationships with many suppliers and vendors, and this usually ends up making the Accounts Payable process complicated. Vendors with different invoicing standards/procedures tend to make accounts payable processes quite cumbersome.

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Outsourced Bookeeping

FEBRUARY 26, 2024

One area where CFOs can significantly impact their organization’s bottom line is through strategic accounts payable (procure to pay) outsourcing. In this blog, we explore how CFOs can harness the power of accounts payable (procure to pay) outsourcing to propel their organizations toward future success.

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Nanonets

NOVEMBER 14, 2023

Accounts Payable (AP) processes are an important function for every business, overseeing the outgoing payments to suppliers and vendors. Traditionally tackled through manual processes, digital transformation is now at the forefront of AP, with technologies like AI and ML revolutionizing how businesses manage their finances. 

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NextProcess

FEBRUARY 9, 2024

Many companies are digitizing and automating, putting technology to work streamlining, enhancing, and simplifying key financial processes. In the accounts payable department, automating AP cuts costs , reduces errors, speeds up processing, and improves visibility.

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Nanonets

SEPTEMBER 21, 2023

Managing debts and payments in business involves understanding the crucial differences between accounts payable and notes payable. Accounts payable refers to short-term debts owed to suppliers, partners, or contractors that must be paid within a specific timeframe, usually monthly. What is Accounts Payable?

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Nanonets

SEPTEMBER 22, 2023

An  accounts payable department  is an integral part of any organization, responsible for managing and processing all outgoing payments to suppliers and vendors. An inefficient  accounts payable process  can result in lost opportunities, damaged vendor relationships, and cash flow issues.

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