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AP Automation: The Time is Now

oAppsNet

Accounts Payable (AP) departments are no exception, as they are crucial in managing vendor invoices, processing payments, and maintaining financial health. This guide will cover the significance of AP automation, its benefits, implementation strategies, and why now is the ideal time for organizations to embrace this technology.

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Construction Firm Ensures Lean Operations with AvidXchange

AvidXchange

He and his three-person department are responsible for setting IT goals for the organization and implementing systems and practices. Checks often sat for hours awaiting a signature before they could be stuffed in an envelope, stamped and sent on a long journey through the U.S. mail system. The process wasn’t just long and tedious.

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2024 Revenue Cycle Management Challenges and Emerging Trends

SSI Healthcare Rev Cycle Solutions

A survey conducted through the Healthcare Financial Management Association (HFMA) found that more than 400 healthcare finance leaders reported revenue cycle workforce shortages. One in four leaders reported needing more than 20 employees to staff their department fully.

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How to Achieve Financial Clarity with Expense Reconciliation

Invoicera

Introduction “The lack of clarity in finances can quietly harm businesses, often remaining unnoticed until it leads to major losses.” In the ever-changing finance world, achieving clear finances poses a tough challenge for businesses worldwide. But there’s a key solution amid this complexity: Expense Reconciliation.

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Healthcare Industry Trends: Growing Use of Telehealth and Digital Front Doors

AvidXchange

As part of our new eBook, “ 4 Widespread Healthcare Industry Trends & How Finance Teams Can Embrace Them ,” we explain what these technologies are, why they’re widely used, and how they may affect the finance profession and accounts payable (AP) automation next year.

AP 52
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Kickstart AP Automation Journey with AI

Nanonets

Introduction As we continue to move into a paperless society , business accounting is on a transformative journey. Source: esker The introduction of intelligent automation into the accounts payable process minimizes the risk of manual intervention, accelerates operations, and helps maintain compliance.

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What are GL Codes and how to assign them effectively?

Nanonets

Think of these codes as the secret sauce that helps businesses organize their finances, making sure every dollar spent or earned is tracked accurately. We'll also discuss how to set up efficient GL coding processes in your team, and explore GL coding automation software. What are GL Codes? Why use GL Codes?