Remove assets controllers-guide-to-ap-automation
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B2B Payment Fraud: How AP Departments Can Reduce Risk

AvidXchange

Payment fraud is a major concern in accounts payable (AP) departments. According to a recent survey, “ The State of B2B Payment Security in 2024 ,” conducted by AvidXchange and the Institute of Finance & Management (IOFM), 76% of AP leaders said their department has experienced payment fraud in the past calendar year.

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How can AP Automation Help Scale Your Business?

Nanonets

This is where Accounts Payable (AP) Automation emerges as a critical tool, not merely for managing payments but as a strategically in scaling your business. AP Automation involves leveraging technology to streamline, optimize, and automate the processes associated with managing a company’s accounts payables.

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Strategies for Companies Facing an Economic Downturn & Inflation

MineralTree

Inflation and the potential for a recession are top concerns for CFOs, who must guide their firms amidst these financial risks and ensure business continuity. Modern finance teams face a multitude of challenges. The rising threat of inflation, potential recession, and other economic factors pose significant risks to businesses of all sizes.

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Guide to Vendor Account Reconciliation Process

Nanonets

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. What is Vendor Reconciliation In accounts payable (AP) activities, a vendor is an individual or entity that provides goods or services to the company.

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3 Ways AP Automation Helps Protect Your Business

AvidXchange

We want to help answer this question and share ideas for how you and your company can utilize accounts payable (AP) automation to come out stronger in the days and months ahead by thinking about these changes and opportunities in new ways. 3 Ways AP Automation Helps Protect Your Business 1. But that’s a challenge.

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4 Technologies Powering the Future of Accounts Payable Automation

AvidXchange

A lot happens behind the scenes to power accounts payable automation. During the next several years, all four technologies will be widely used in automated AP processes and payments as each makes it easier to process your invoices and payments quickly and accurately. They make the whole system run.

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Top 12 Accounting Automation Tools For 2024

Invoicera

This is where accounting automation comes into the picture. Accounting automation tools have made a significant place in today’s digital world. According to a recent report by McKinsey, nearly 50% of finance activities can be automated. Thus, there is a need to optimize the workflow with automation. Let’s get started!