AvidXchange

DECEMBER 4, 2023

Organizations are implementing real-time payment (RTP) platforms to meet the requests of their vendors. As businesses plan for the year ahead, many are prioritizing real-time payments and adopting emerging platforms like FedNow. “Real-time payments I think are going to disrupt some of the older ways of working. It launched in July 2023.

Collections 105

Collections Reconciling Invoicing Accounting 105

Nanonets

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions.

Account Reconciliation 52

Account Reconciliation Accounts Payable Accounts Payable Data Entry 52

Plooto

FEBRUARY 13, 2023

Managing cash flow is one of the most critical challenges facing small businesses today. Intuit's study, The State of Small Business Cash Flow , reported that "61% of small businesses around the world struggle with cash flow. 1 challenge for 32% of small business owners is lack of capital/cash flow.

Management Accounting 98

Management Accounting Accounting Accounting 98

Nanonets

FEBRUARY 7, 2024

Small and medium-sized company users of Microsoft Business Central ERPs need to apply artificial intelligence for efficiencies, vendor invoice processing workflow automation, and decision-making related to accounts payable and business spending.  Nanonets Flow will sync purchase invoices to Microsoft Dynamics 365 Business Central.  

AP 52

AP Accounts Payable Accounts Payable Invoice Processing 52

Xero

MARCH 19, 2023

So in the new financial year, why not explore the following features and tools to help you work smarter, not harder: Unlock cash flow insights with Xero Analytics : When was the last time you looked at your short-term cash flow projections? Plus, having all your bills in one place makes it easier to stay on top of weekly cash flow.

XERO 237

XERO Invoicing Data Entry Budgeting 237

Nanonets

MAY 1, 2024

  Though digitization has come a long way, it hasn’t yet alleviated all the pains associated with balancing the books, keeping vendors happy, and ensuring optimal cash flow – just ask anyone experienced with running their accounts through Excel workbooks.

QuickBooks 52

QuickBooks Invoicing Accounts Payable Accounts Payable 52

Plooto

FEBRUARY 2, 2024

When it comes to running a small business, cash is king – well, cash flow at least. From paying vendors, suppliers, partners, and employees, to investing in growth opportunities, cash flow is vital to any business’s success.

52

52

Nanonets

NOVEMBER 21, 2023

The AP approval process is the workflow for getting authorization to pay vendor invoices (with credit payment terms) that are included in accounts payable before being paid. In contrast to the manual accounts payable approval process for vendor invoices, AP automation software provides streamlined electronic AP approval.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

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.  One of the key aspects of accounts payable management is maintaining a healthy cash flow.

Accounts Payable 52

Accounts Payable Accounts Payable General Ledger Accounts Receivable 52

MineralTree

JUNE 29, 2023

How Vendor Management Impacts Supply Chains The future of the supply chain remains an uncertainty for many companies. Savvy AP teams realize that strong vendor relationships and on-time payments are critical to a healthy supply chain. What is Vendor Management?

Vendor Management 76

Vendor Management AP Accounts Payable Accounts Payable 76

MineralTree

JANUARY 25, 2024

Keeping a close eye on their balance sheets, these teams are also monitoring cash flow more carefully and seeking to gain better visibility into their cash position. It not only frees up time for teams to focus on strategic initiatives, but it can also provide real-time insights into upcoming expenses for better cash flow.

Accounts Payable 69

Accounts Payable Accounts Payable AP Accounting 69

AP Association

APRIL 12, 2022

However, that old way of looking at it negates the importance of cash flow and expenses. Put a dispute resolution system in place There will be times when your AP department gets into disputes with vendors and suppliers. This way, you can cut costs and potentially improve your cash flow. Avoid cheques in the mail.

Accounts Payable 130

Accounts Payable Accounts Payable AP Accounting 130

Invoicera

APRIL 2, 2024

Introduction Efficient records management in any small business is paramount as it ensures healthy cash flow. Stronger Vendor Relationships: Let’s put yourself in the vendors’ place. Similarly, the vendor might have trust issues with you if you miss a payment. What is Accounts Payable Management? Who pays to whom?

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounts Payable 52

Xero

MAY 23, 2023

Check with your vendors to see if they’re expecting any upcoming delays, or consider using new vendors that can meet your needs in time. And by connecting Harvest together with Xero, you’ll have a better handle on operations, making it easier to optimize your work flows and reap the rewards.

XERO 177

XERO Invoicing Invoice Processing Billing 177

Cevinio

OCTOBER 31, 2023

It is an integrated process that enables a fully automated flow from one company’s system to another, replacing manual tasks with automated business rules and actions. E-invoicing offers considerable advantages for both vendors and customers. Fight Fraud: E-invoicing enables better integration with your vendors.

Accounts Payable 100

Accounts Payable Accounts Payable Invoicing Data Entry 100

Nolan Accounting Center

JANUARY 15, 2024

Cash flow has been widely heralded as the “lifeblood of business.” Jack Welch, former General Electric CEO and author stated, “If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction, and cash flow.” Cash flow matters most.” But profit is secondary.

Budgeting 78

Budgeting Financial Statements Payroll Tax 78

Less Accounting

MAY 13, 2024

However, effective bookkeeping is vital for maintaining the financial health of the business, managing cash flows, and making well-informed strategic decisions. How Outsourced Bookkeeping Facilitates Small Business Growth Improved Cash Flow Management: Effective management of cash flow is crucial for the sustainability of any small business.

Outsourced Bookkeeping 59

Outsourced Bookkeeping Bookkeeping Bookkeeping Services Small Business Bookkeeping 59

Compleatable

JUNE 28, 2023

Buy from anywhere, record from anywhere, account for from anywhere: Online Buying- Punch-out, Punch-in , Vendor Plug-in. Here are my top 2- and yes, a slightly biased view, but an accurate one all the same. Just 5 years ago how we purchased and how we accounted for purchases could have not been any more different.

AP 100

AP Invoicing Budgeting Billing 100

Nanonets

MARCH 26, 2024

Businesses rely on vendor relationships for a multitude of things; gathering raw materials, boosting customer service offerings, and securing certain software tools to help enhance business operations. While these partnerships are vital, investing in all the goods and services provided by vendors can add up fast. When in doubt, ask!

Invoicing 52

Invoicing Accounts Payable Accounts Payable Customer Service 52

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. Accounts payable best practices are a subset of accounting best practices.

Accounts Payable 52

Accounts Payable Accounts Payable General Ledger Purchase Order 52

Xero

APRIL 16, 2023

Keeping on top of cash flow anywhere, anytime Growing up in an entrepreneurial household, Johnno has always understood the value an accountant and bookkeeper can bring to a small business. In particular, the platform helped JCG Projects keep on top of cash flow. Of course, being the boss comes with its challenges.

XERO 273

XERO Data Entry Invoicing Reconciling 273

SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. So, how do you decide if it’s time to part ways with your current vendor or stay the course?

Revenue Cycle 98

Revenue Cycle Revenue Cycle Management Billing Tax 98

SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organization back from reaching its full potential. So, how do you decide if it’s time to part ways with your current vendor or stay the course?

Revenue Cycle 97

Revenue Cycle Revenue Cycle Management Billing Tax 97

Nanonets

MARCH 20, 2024

Why businesses should utilize net 30 vendors whenever possible. For new businesses and established companies alike, net 30 accounts – sometimes called trade accounts – are agreements with specific net 30 vendors or suppliers that allow customers to pay invoices within a 30-day window from the invoice date.

Accounting 52

Accounting Accounting AP Invoicing 52

MineralTree

MARCH 14, 2024

A manual approach slows down the payment process and increases the risk of errors and fraud while jeopardizing relationships with strategic vendors. End-to-end automation enables businesses to efficiently process invoices and pay vendors quickly and easily. AP teams already deal with limited resources and reduced headcounts.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Invoicera

APRIL 28, 2024

However, if cash is held for too long it may also be detrimental to the company’s cash flow and profits. Accounts Payable Process Receiving Invoices/Bills Vendors send invoices when they deliver goods or services. Scheduling payments on time maintains good relationships with vendors. Let’s learn.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

Tipalti

SEPTEMBER 13, 2023

Take simple steps towards improved cash flow and vendor management by using the days payable outstanding (DPO) calculator. Optimize payment strategies and boost your financial efficiency.

Vendor Management 52

Vendor Management Accounts Payable Accounts Payable Accounting 52

Nanonets

MARCH 29, 2023

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. The accounts payable process typically begins when a company receives an invoice from a vendor or supplier for goods or services that have been delivered.

Accounts Payable 52

Accounts Payable Accounts Payable Purchase Order Accounting 52

MineralTree

SEPTEMBER 28, 2023

With digital transformation, businesses can streamline and automate the AP workflow , reducing manual errors, enhancing transparency, and optimizing cash flow , ultimately contributing to a more efficient and agile financial operation. Why Productivity Matters in Finance Financial accounting productivity facilitates healthy cash flow.

AP 78

AP Invoicing Invoice Processing Data Entry 78

Counto

FEBRUARY 15, 2024

Settle obligations promptly: Pay suppliers and vendors even before receiving payments from clients, ensuring smooth cash flow management. Paying Invoices Prematurely: Paying invoices well before their due dates can deplete working capital unnecessarily, affecting cash flow forecasts and profitability.

Collections 97

Collections Accounts Receivable Accounts Receivable Account Receivables 97

Nanonets

SEPTEMBER 22, 2023

Trade payables  are a critical aspect of financial management for businesses, impacting  cash flow  and  vendor relationships. Proper management of trade payables is crucial for maintaining good  vendor relationships  and ensuring timely payments. What are Trade Payables?

Accounts Payable 40

Accounts Payable Accounts Payable Invoice Processing Invoicing 40

Nanonets

FEBRUARY 20, 2024

This also translates into less friction with vendors and stakeholders, smoothing the way for smoother relationships and operations. Cultivating Vendor Relationships Speaking of relationships,  let’s talk about the 76% of organizations reporting increased vendor satisfaction.  This  This is key.

Invoicing 52

Invoicing Data Entry AP Invoice Processing 52

MineralTree

JANUARY 26, 2023

This involves tracking orders from initiating vendor payments all the way through to reconciliation. These payment delays have finance leaders placing even greater weight on vendor relationships than ever before: 71% of those surveyed noted that their supplier relationships have grown more important over the past year.

AP 75

AP Accounts Payable Specialist Invoicing Invoice Processing 75

Nanonets

OCTOBER 17, 2023

Long cash conversion cycles and cashflow constraints can be a bottleneck for various vendors. It's a win for both the vendor and the client AP team. This has other benefits like stronger vendor relationships and preferred terms on the deal.   Suppliers can also impost late payment penalties for payment beyond a certain date.

Invoicing 52

Invoicing Billing Accounts Payable Accounts Payable 52

Nanonets

SEPTEMBER 1, 2023

In Accounts Payable, the importance of vendor payment methods often goes unnoticed despite their substantial influence on the overall cash flow, efficiency of the AP team, and profit margins. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. What is FedNow?

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoice Processing 52

Nanonets

SEPTEMBER 21, 2023

AP aging  is a critical component in managing a company's finances and improving cash flow. The  accounts payable aging  report provides a complete view of a company's outstanding debts and helps effectively manage cash flow by categorizing payables based on their age.

AP 40

AP Accounts Payable Accounts Payable Record Keeping 40

Counto

FEBRUARY 3, 2024

Improving Cash Flow: Your Key to Business Success In the world of business, what’s more vital than profits? Profits can fluctuate, but your cash flow is the lifeblood of your company, influencing both its present and future well-being. Unnecessary Investments: Overspending on non-essential assets can drain your funds.

Financial Statements 52

Financial Statements Invoicing Tax Accounting 52