Cevinio

OCTOBER 17, 2023

Excelling in AP Management through Automation with AP Leader Caroline Adams In this interview with Caroline Adams, an accomplished AP leader, we ask her a series of questions about AP management, the influence of automation, and the journey toward modern AP processes. Discover her valuable insights.

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AP Accounts Payable Accounts Payable Invoicing 130

Ascend Software blog

MAY 18, 2023

Investing in an Accounts Payable (AP) automation solution can dramatically streamline your business operations, reduce costs, and improve accuracy. This blog will delve into the top features you should consider to ensure you select a solution that aligns with your enterprise's needs.

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AP Accounts Payable Accounts Payable Accounting 130

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

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AP Accounts Payable Accounts Payable Invoicing 76

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. The complexity and resource-intensive nature of traditional AP work is becoming unsustainable, particularly in the face of growing demands for speed and accuracy.

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Accounts Payable Accounts Payable AP Accounting 64

Ascend Software blog

APRIL 13, 2023

Ascend AP Automation, a Workday Select Partner for AP Automation and leading provider of accounts payable automation solutions, is pleased to announce a new partnership with Stormloop Technologies, a consulting firm specializing in Workday Financial Management.

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AP Accounts Payable Accounts Payable Invoice Processing 130

Nanonets

JULY 18, 2023

Fortunately, cutting-edge advancements in automation technology have revolutionized the accounts payable landscape, offering businesses an opportunity to streamline their workflows and achieve unprecedented levels of efficiency. Photo by Carlos Muza / Unsplash What is NetSuite Automation? What is Oracle NetSuite?

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AP General Ledger Accounts Payable Accounts Payable 52

AvidXchange

AUGUST 15, 2023

Common hangups plaguing accounts payable (AP) departments include: Manual Invoice Processing Many companies still rely on manual invoice processing, which is prone to errors and can lead to misplacing invoices. For example, if the AP department does not receive invoices from the purchasing department, the invoices may be lost or forgotten.

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AP Invoice Processing Invoicing Accounts Payable 52

Ascend Software blog

APRIL 11, 2023

As businesses grow and expand, their financial processes become increasingly complex and time-consuming. To keep up with the demands of day-to-day operations, many organizations turn to Enterprise Resource Planning (ERP) systems like Workday Financial Management to manage their financial data.

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AP Accounts Payable Accounts Payable Accounting 246

AvidXchange

NOVEMBER 10, 2022

Accounts payable (AP) automation is a technology solution that accounting teams use to convert paper invoices into a digital format and then automate the process of organizing within the system, routing approvals, coding and executing payments. As invoice volumes increase, AP leaders need to decide how to handle them.

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Accounts Payable Accounts Payable AP Accounting 52

Ascend Software blog

APRIL 27, 2023

The world of accounts payable (AP) is undergoing a significant transformation, with artificial intelligence (AI) and machine learning (ML) technologies playing a crucial role in this evolution. Cutting-edge technologies are reshaping accounts payable automation. These solutions are suitable for businesses of all sizes.

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Invoice Processing Accounts Payable Accounts Payable Invoicing 245

Ascend Software blog

APRIL 3, 2024

One pivotal area that stands out for potential optimization is the Accounts Payable (AP) department. Traditionally bogged down by manual, paper-based tasks, the AP process can be a significant drain on resources and time. Yet, the journey towards true efficiency doesn't stop there.

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Accounts Payable Accounts Payable AP Financial Operations 100

AvidXchange

NOVEMBER 16, 2023

First, Grafals recognized the accounting department didn’t have an accounts payable automation solution that allowed for centralized access and visibility to accommodate all employees across the country. Grafals was able to save the company over $300,000 per year and her team more than 200 AP work hours per month.

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Accounts Payable Accounts Payable AP Accruals 52

AvidXchange

SEPTEMBER 28, 2022

Companies that pay suppliers abroad can leverage accounts payable (AP) automation to complete both domestic and cross-border payments in one place, decreasing the time and money spent on payment processing. How do cross-border payments work with AP automation? What are cross-border payments?

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AP Purchase Order Reconciling Accounts Payable 52

AvidXchange

JULY 14, 2022

One of the biggest takeaways the survey revealed is nearly half of AP professionals would be unlikely to consider a job opportunity at an organization that didn’t have the tools or technology to automate some or all of their work.

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AP Billing Invoicing Accounting 52

AvidXchange

JUNE 23, 2022

Following the pandemic, a pressing labor shortage made it difficult to hire an AP professional to help with this process. “I Intrigued with the idea of a paperless office, Sorrells began researching automated accounts payable (AP) solutions.

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AP Invoicing Invoice Processing Data Entry 52

AvidXchange

FEBRUARY 15, 2022

For years, accounts payable (AP) automation wasn’t a consideration for Agynbyte LLC , a leading community association management company based in Bellevue, Washington. The AP department was happy with its in-house practices, and the company was enjoying steady growth. We came at it with a very negative perspective.

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AP Accounts Payable Accounts Payable Invoicing 52

Outsourced Bookeeping

JANUARY 24, 2023

Accounts payable automation is a method employed to make the process of paying bills and invoices more efficient and streamlined. One of the fundamental aspects of AP automation is the use of metrics to gauge the system’s performance. How AP Automation Performance Metrics Can Help You in Accounts Payable Goals Setting?

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Accounts Payable Accounts Payable AP Outsourced Bookkeeping 52

AvidXchange

JANUARY 21, 2021

So, it’s understandable to be concerned about losing control and taking on more risk by using accounts payable (AP) software and trusting automation. This blog highlights five ways automating your AP will help give you more control over your payment processes. Catching mistakes will happen faster.

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AP Invoicing Invoice Processing Computation 52

Ascend Software blog

APRIL 4, 2023

Accounts payable (AP) e-document compliance is a topic that has been gaining traction in recent years. As businesses continue to move towards digitalization and automation, ensuring compliance with e-document regulations is becoming increasingly important.

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Accounts Payable Accounts Payable AP Accounting 241

AvidXchange

JUNE 16, 2022

Her continuous drive for improvement led the company to adopt AvidXchange as its AP (Accounts Payable) automation solution to help streamline processes, save time and ditch the paper checks and Post-its for good. Then it took our AP specialist even more time to mail the checks to the vendors. Did they achieve their goal?

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AP Invoicing Billing Accounts Payable 52

AvidXchange

NOVEMBER 9, 2022

Automated AP solutions are especially helpful to real estate firms because of the industry’s notoriously complex, time-consuming AP processes. In real estate, people and properties are scattered so AP is a very disconnected, inefficient process that takes a very long time,” said Thayer. “By

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AP Budgeting Billing Accounts Payable 52

AvidXchange

APRIL 14, 2021

You could continue using manual accounts payable (AP) systems, or shift to automated AP systems. What are the differences between manual and automated accounts payable? The differences between manual and automated AP are profound. Payments Payments occur at the last stage of the AP automation process.

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AP General Ledger Purchase Order Data Entry 40

Cevinio

JANUARY 3, 2024

This is something that’s true across all areas of business, from marketing to HR and product development to accounts payable (AP). Indeed, it’s in the realm of AP where electronic invoicing and digitization is ushering in a whole new era of efficiency and compliance.

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Accounts Payable Accounts Payable Invoicing AP 100

Ascend Software blog

FEBRUARY 14, 2023

What is OCR?

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AP Accounts Payable Accounts Payable Invoicing 130

Ascend Software blog

MARCH 2, 2023

Why AP Automation? One of the most impactful things you can do to improve your organization’s Accounts Payable (AP) process is to automate it. AP automation is the use of technology to streamline and automate the invoicing and payments process.

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Invoicing AP Accounts Payable Accounts Payable 130

AvidXchange

AUGUST 28, 2023

And it just so happens our 2023 AP Career Satisfaction Survey results have some tips on how to do just that. Reduce Manual Work Accounts payable (AP) departments are often full of tedious manual tasks. Often, this manual work can be consuming, leaving no time for AP staff to focus on more strategic and meaningful projects.

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AP Accounts Payable Accounts Payable Invoicing 98

AvidXchange

JULY 17, 2020

Fortunately, there are cloud-based solutions that can automate the accounts payable (AP) and payment process. While it’s true that technology eliminates much of the paperwork associated with AP processes, it can’t replace all of the manual tasks entailed. These teams should do more than just execute against a project plan.

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AP Data Entry Accounts Payable Accounts Payable 52

AvidXchange

SEPTEMBER 21, 2023

Now’s the time to order treats and circulate cards for your hard-working accounts payable (AP) team. AvidXchange’s own Rhonda Greene, principal solutions consultant, said it best: “I’ve never worked with an AP person that didn’t want to make a difference. AP automation can help your department complete manual tasks more efficiently.

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AP Accounting Accounting Invoicing 105

AvidXchange

AUGUST 6, 2018

With all of the FinTech noise around blockchain, Bitcoin, and RegTech, AP automation can seem like just one more tech-savvy trend to add to the list. In order to sell the benefits of AP automation for your business, there are a few points to cover with your boss. What is AP Automation?

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AP Invoicing Budgeting Data Entry 52

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 130

Accounts Payable Accounts Payable AP Accounting 130

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. Traditionally, more payment formats mean more manual work for the AP staff.

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AP Accounts Payable Accounts Payable Invoicing 78

Nanonets

APRIL 10, 2024

This is especially true for the accounts payable (AP) department, which manages a company's financial obligations to suppliers. Improving the efficiency of the Accounts Payable (AP) process is a strategic initiative for businesses, as the complex and resource-intensive work is unsustainable, challenging to scale, and prone to error.

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Accounts Payable Accounts Payable AP Data Entry 52

AvidXchange

JANUARY 19, 2024

Accounts payable (AP) is a critical function within any business. AP staff ensure the company’s bills are paid, and they create reporting that is essential for financial forecasting. To make sure your AP department is operating at an optimal level , consider implementing these accounts payable best practices. 1.

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Accounts Payable Accounts Payable AP Accounting 104

Nanonets

APRIL 12, 2024

This blog will discuss how you can manage invoices in Sage Intacct, empowering you to conquer invoice creation and processing and ensure a smooth financial workflow. Automated Reminders:  You can set up automated reminders for overdue invoices to late payment notifications.

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Invoicing Accounts Payable Accounts Payable AP 52

MineralTree

JANUARY 25, 2024

Despite the start of a new year and promises of rate cuts on the horizon, MineralTree’s 8th Annual State of AP Report revealed that many of these trends and hurdles aren’t fading away — they’re evolving. This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024.

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Accounts Payable Accounts Payable AP Accounting 69

AvidXchange

MARCH 13, 2018

Control, streamlined processes, and flexibility are just a few of the “symptoms” to determine the viability of your current AP solution. We’ve highlighted a few of the pain points accounts payable departments face for companies to gauge their AP health and build a case for future payment automation.

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AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

MARCH 29, 2016

With AP automation , nonprofit organizations can reduce their AP and payment processing costs. In an automated workflow, nonprofits can track invoices electronically and have a central repository for invoice data that can be accessed anytime, anywhere. Source: TechValidate. TVID: C2D-14E-308.

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AP Invoicing Accounting Accounting 52