Gaviti

NOVEMBER 21, 2024

Taking a Reactive Approach to Accounts Receivables When A/R teams respond to issues only after invoices go unpaid for a long time, it creates unnecessary stress and delays. Reach out to customers as soon as an invoice is late, send reminders well in advance, and automate cash application and ERP integration for seamless A/R management.

Accounts Receivable

Compleatable

MARCH 17, 2025

Keeping costs under control is a priority, but many schools dont realise how much their current invoice processing methods are draining their budgets. Manual invoice handling is still common in education, yet it comes with hidden costs, errors, and inefficiencies that can have a serious impact on financial management. They waste money.

Invoice Processing

Invoicera

NOVEMBER 27, 2024

Picture this: You’ve got stacks of invoices, working with numbers again and again, and facing constant payment issues. But what if there was a way to have your invoicing easy to design and even easier to send out? Automated invoicing software is the secret tool that every business should be using. Let’s jump right in!

Invoicing

Invoicera

DECEMBER 11, 2024

Managing invoices can sometimes feel a tough task, much like a performance of trust where an error could lead to a complete disaster! Invoicing is considered an essential need and not a mere want for owners of small and medium enterprises across the United States of America. Who knew managing money could be this stress-free?

Invoicing

Compleatable

NOVEMBER 15, 2024

Streamlining the PO Matching Process One of the most labour-intensive tasks in finance is matching purchase orders (POs) with invoices. These tools can even handle multi-page invoices and recognise variations in item names, quantities, and costs, cutting down significantly on manual workload.

Accounts Payable

Nanonets

NOVEMBER 5, 2024

In this blog, we’ll explore how you can implement a 3-way matching process for Purchase Orders (POs), vendor bills, and receipts, right within Oracle NetSuite. Vendor Bill : The invoice received from the vendor requesting payment. This receipt confirms that you’ve received the ordered items.

Purchase Order

oAppsNet

DECEMBER 10, 2024

In vendor fraud, a fraudster may set up a fake vendor account to submit fraudulent invoices. Alternatively, they might collude with an existing vendor to submit inflated invoices or bills for goods and services that were never delivered. Invoice Fraud Invoice fraud occurs when fraudulent or altered invoices are submitted for payment.

Accounts Payable

oAppsNet

DECEMBER 31, 2024

This can involve unauthorized payments, false invoices, duplicate payments, or kickbacks. Fraudsters may create fake vendors to submit false invoices and siphon funds. Fraudsters may submit multiple invoices for the same service or product, hoping the organizations internal controls miss the duplicate transaction.

Accounts Payable

Nanonets

NOVEMBER 7, 2024

This AI-powered platform transforms your documents — from invoices and receipts to complex business forms — into usable data. Veryfi Receipt & invoice proc Yes Limited Real-time capture, mobile Mobile-first firms 4.6 Rossum Invoice processing Yes Limited Easy integration AP departments 4.4 Key features: 1.

Purchase Order

AvidXchange

NOVEMBER 25, 2024

Streamlined Invoice Processing: When integrated with an automated AP platform, vendors can submit invoices electronically, helping businesses reduce the time spent manually entering data and decreasing the likelihood of input errors. A vendor portal can reduce this burden by providing suppliers self-service access to this information.

AP

Invoicera

JANUARY 2, 2025

Financial tools automate calculations, ensuring precision in expense tracking , invoicing, and reporting, minimizing the risk of discrepancies. It automates invoice creation and payment tracking. The platform handles invoicing and transaction matching. Saves Time Managing finances manually is time-consuming.

Invoicing

Compleatable

MARCH 11, 2025

Automate Manual Tasks: Leverage tools like Satago for financial close automation or Compleat Software for automated invoice processing, reducing manual workloads and minimizing errors. How to Do It: Automate Invoice Processing: Use AI-powered tools like Compleat Software to auto-match invoices with purchase orders, reducing discrepancies.

AP

oAppsNet

DECEMBER 17, 2024

Gather Relevant Documents Collect all the necessary documents required for the audit, including vendor invoices, purchase orders, payment records, contracts, and approval documents. Invoice and Payment Matching Match invoices to purchase orders and receive documents to verify the accuracy of payments.

AP

Compleatable

FEBRUARY 10, 2025

According to QX Global Group , automating AP processes can cut invoice processing costs by 60% to 90% per document. Think about how many invoices your institution processes in a yearnow imagine reducing that expense by nearly 90%. Because lets be realno one works in education to spend their days processing invoices.

AP

Compleatable

APRIL 7, 2025

Manual invoice processing was time-consuming and susceptible to delays, especially during staff absences. Embracing Automation The hospice had already implemented Exchequer for purchase order approvals and trained staff across various departments.

AP

Fidesic blog

FEBRUARY 3, 2025

The search functionality in business central is remarkably good, allowing quick access to AP invoices or quick vendor look-ups. Purchasing Order Processing: The purchase order (PO) matching process in D365 BC is more effective out of the box, supporting 2-way and 3-way matching out-of-the-box. Search is Awesome!

Accounts Payable

Nanonets

MAY 23, 2025

They are also 10% more likely to receive full payment on overdue invoices. It adds another layer of AI-powered automation to your QuickBooks workflows, enabling you to automate information capture, approval routing, and invoice posting. Artificial intelligence is transforming how 10 million QuickBooks customers manage their finances.

QuickBooks

Invoicera

NOVEMBER 8, 2024

A study by Atradius revealed that 48% of B2B invoices in the U.S. Data collected from PYMNTS shows that 90% of companies that have adopted AP automation claim to have saved up to five days in invoice processing. are paid late, impacting the financial health of businesses. This blog will highlight: Potential AR and AP management issues.

Accounts Payable

Nanonets

NOVEMBER 5, 2024

DocuClipper is an OCR-powered financial document processing tool that converts bank statements, credit card statements, invoices, receipts, and brokerage statements into Excel, CSV, or accounting software-ready formats. Dext Prepare Receipt & invoice processing No Yes Multiple capture methods, expense management Businesses, accountants 4.5

Data Entry

NextProcess

JUNE 13, 2025

In accounts payable, for example, multiple studies show an average organization can save $10-15 per invoice after switching from a manual to an automated process. Faster Processing Automation software speeds up processing by taking over manual tasks like data entry, purchase order generation, and matching POs to invoices.

Purchase Order

oAppsNet

DECEMBER 3, 2024

It involves managing vendor invoice payments and ensuring your company’s financial health. The audit involves examining vendor invoices, payment records, internal controls, and financial data to identify discrepancies, control weaknesses, and areas for improvement. Accounts payable (AP) is an essential part of any business.

Accounts Payable

oAppsNet

APRIL 11, 2025

Consolidate Your Supplier Base Fewer suppliers mean more leverage, streamlined invoices, and better contract terms. This also reduces redundant purchases and enables volume discounts. How Technology Supercharges Indirect Spend Management The days of paper purchase orders and spreadsheet approvals are over.

Purchase Order

oAppsNet

APRIL 18, 2025

Standardize Invoice Entry to Eliminate Numbering Errors Duplicate invoice payments often begin with a single, straightforward issue: inconsistent invoice numbering. To reduce this risk, establish strict invoice data entry standards. Heres how to prevent AP overpayments before they affect your bottom line. The solution?

AP

Nanonets

JANUARY 13, 2025

If you run a distribution business, you know the drill: A customer rejects an invoice over a purchase order discrepancy, their payment terms reset, and they sit on your working capital while you pay 9%+ interest. It's inevitable when you're processing thousands of orders monthly.

Purchase Order

Nanonets

NOVEMBER 18, 2024

Pre-built extractors : Provides specialized tools for documents like invoices , receipts, purchase orders, bank statements, and more. Veryfi Veryfi is an AI-driven document and receipt scanning solution designed to automate data extraction from receipts , invoices, and other financial documents.

Invoicing

Compleatable

MARCH 27, 2025

Purchase Order Management Ariett’s Functionality: Ariett facilitated the creation, issuance, and tracking of purchase orders (POs), ensuring all purchases were documented and authorized, providing a clear audit trail and improving supplier communication.

Purchase Order

oAppsNet

APRIL 24, 2025

A lost invoice. oAppsNET Tip: Deploy AP automation solutions that integrate with your ERP system to automate invoice capture, eliminate human error, and ensure accurate coding. Likewise, inconsistent purchase orders and invoice mismatches can cause approval delays or payment rejections. An unchecked approval.

AP

Nanonets

NOVEMBER 24, 2024

By the end of this blog, you’ll understand how to code your own AP agent for your own invoice use-case. Overview of AP Automation AP automation simplifies managing invoices, payments, and supplier relationships by using AI to handle repetitive tasks like data entry and validation. Components of an AP system.

Accounts Payable

Nanonets

NOVEMBER 19, 2024

Nanonets Nanonets is a cutting-edge AI-powered platform designed to automate data extraction from a wide variety of documents, including invoices, receipts, bank statements, and purchase orders. Tool Main Feature Best Suited For G2 Rating 1 Sensible Template or LLM-based data extraction Developers, technical teams 4.0

Purchase Order

AvidXchange

FEBRUARY 7, 2025

For example, you may be able to use an API to connect your procurement system and your accounts payable (AP) software to enable purchase order and invoice matching. For example, an API between your AP software and accounting system may allow your team to see pending invoices and project monthly spending more accurately.

Accounting

Trade Credit & Liquidity Management

JUNE 23, 2025

While it's tempting to assume that slow payments are solely a customer-side problem, many of the most common causes originate within your own operations: inaccurate invoices, format mismatches with accounts payable (AP) systems, outdated payment options, and overly liberal credit policies. Use escalating tone and cadence to reflect urgency.

AR

Compleatable

JULY 29, 2025

It empowers charities to: Route every purchase request through approval workflows that confirm the budget, policy, and purpose Require purchase orders that must be matched before invoices are paid Flag discrepancies before a transaction is confirmed This approach holds spending in check before commitments are made, not after invoices land.

Purchase Order

oAppsNet

NOVEMBER 7, 2024

Duplicate Payments or Invoices Duplicate invoices are one of the most common red flags for AP fraud. Fraudsters often exploit this by submitting a fake invoice that mirrors a legitimate one or re-submitting the same invoice more than once. Implement automated tools to flag duplicate invoices before they are processed.

Accounts Payable

Compleatable

DECEMBER 11, 2024

Touchless AP Processes : Fully automated invoice approvals, three-way matching, and payment processing will minimise manual intervention and errors. Blockchain and Decentralised Finance (DeFi) Blockchain and decentralised finance will extend their influence beyond cryptocurrencies to purchasing and procurement.

AP

Gaviti

JULY 27, 2025

Short payments, where a customer pays less than the stated invoiced amount, can disrupt your cash flow, cause reconciliation headaches, and strain business relationships. Short payments, also known as short pays, occur when a customer remits less than the invoiced amount. What Are Short Payments and Why Do They Happen?

Invoicing

oAppsNet

APRIL 15, 2025

Between juggling purchase orders, invoices, vendor agreements, and payment terms, its too easy for costly errors to slip through the cracks. This can stem from a mismatch between the purchase order, invoice, or cost table, and its hazardous because the error often goes unnoticed until a formal audit is conducted.

AP

Compleatable

JULY 9, 2025

One secondary might order IT equipment from a local supplier, while a nearby primary uses an online marketplace. Some schools raise formal purchase orders, others rely on emailed approvals or even handwritten forms. On the surface, it may seem harmless.

Purchase Order