Accounting Today

DECEMBER 12, 2022

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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. What are cross-border payments? How do cross-border payments work with AP automation?

AP 52

AP Purchase Order Reconciling Accounts Payable 52

AvidXchange

JUNE 3, 2020

Among those inefficiencies is the need to make on-time payments to suppliers, an even more critical responsibility during times of uncertainty when cash flow visibility is paramount. As many suppliers need to accelerate payments to stay afloat, in many cases, even prompt payments are not enough in today’s landscape.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

MARCH 15, 2021

The list of problems that can be addressed with automated bill payments is extensive. This is where automated bill payments can help. What is bill payment automation? Bill payment automation occurs when a finance pro sets up special arrangements with your bank for recurring electronic financial transfers.

Billing 52

Billing AP Invoicing Financial Analysis 52

Cevinio

FEBRUARY 1, 2024

What is Accounts Receivable Automation, and how can you leverage it for your business? This encompasses a range of tasks, from sending invoices and confirming their receipt to chasing overdue payments and updating customer records. But what exactly is AR Automation, and how can your business benefit from it?

Accounts Receivable 130

Accounts Receivable Accounts Receivable Account Receivables AR 130

Xero

APRIL 2, 2024

Automate data entry with Hubdoc If you’re looking to save time and streamline data entry, Hubdoc could be the tool for you. The data capture software makes it easy to keep track of bills and receipts and automates the process of entering them in Xero. So, why not try batch payments in Xero to speed up the process?

XERO 218

XERO Data Entry Invoicing Billing 218

Xero

NOVEMBER 27, 2023

Getting bills into Xero, processing the payment and reconciling each transaction can take time away from important tasks, like growing revenue and managing costs. Some banks accept payment files, while others don’t. At Xero, we’re on a mission to make this process easier and simplify the bill payment process.

XERO 242

XERO Billing Bank Reconciliation Reconciling 242

AvidXchange

MARCH 13, 2018

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. E-invoicing forces the invoice to the front as a part of the payment automation process. Deloitte predicts by then, the B2B payment market will reach $23.1

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

Ascend Software blog

MAY 9, 2023

For businesses that rely on manual invoice and payment processing, the cost savings and efficiency gains of implementing an automation solution can be significant. By automating AP processes, companies can reduce time spent on manual processing and processing costs, while improving accuracy and reducing the risk of errors.

AP 242

AP Invoicing 242

Ascend Software blog

APRIL 27, 2023

Cutting-edge technologies are reshaping accounts payable automation. We will discuss intelligent invoice processing, AP workflow automation, and AI-driven AP solutions. These solutions are suitable for businesses of all sizes.

Invoice Processing 245

Invoice Processing Accounts Payable Accounts Payable Invoicing 245

Insightful Accountant

OCTOBER 12, 2023

Digitization of accounts payable tops finance leaders’ priorities for third consecutive year in MineralTree’s annual 'State of AP Report.'

AP 101

AP Accounts Payable Accounts Payable Accounting 101

Plooto

JANUARY 15, 2024

The new offering enables companies with complex payment workflows to implement customizable safeguards, rigorous security controls, and two-way sync with Oracle NetSuite

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Xero

NOVEMBER 15, 2022

Apps can help automate your admin, generate insights, manage your day-to-day operations and give you access to deep analytics for smarter business decisions. Having long payment collection periods increases bad debts and can lead to cash flow challenges. Getting paid quickly. In business, cash flow is key.

XERO 225

XERO Bank Reconciliation Invoicing Collections 225

AvidXchange

SEPTEMBER 17, 2020

But the company still had to process payments and invoices. It had been considering automating this process instead of using paper, and the crisis sped up that decision. The company started using AvidPay , the AvidXchange accounts payable (AP) process and payments system. Remote work is not going away anytime soon,” he added.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

Plooto

FEBRUARY 2, 2024

From international payments and purchases, to collecting rents and paying contractors for construction and renovations, the accounting needs of a modern real estate business demand powerful technological solutions. Real estate is a complicated industry, with complicated accounting needs.

Collections 52

Collections Accounting Accounting 52

AvidXchange

MAY 10, 2016

How has automation changed it? With automation , getting rid of paper creates efficiencies. In an automated system, you know when invoices come in, which balances are outstanding, when payments are due and who hasn’t approved invoices and payments. Automation makes coding and approval easy!

General Ledger 52

General Ledger AP Invoicing Budgeting 52

oAppsNet

MAY 14, 2024

Through a thoughtful approach to collections, businesses can achieve a balance between maintaining positive customer relations and ensuring timely payments. By making the payment process easy and convenient, businesses can enhance customer satisfaction, which is crucial for retention and long-term loyalty.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Nanonets

APRIL 30, 2024

For companies using QuickBooks, a range of self-service contractor payment options are available that, additionally, can be optimized using third-party integrations. QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check.

QuickBooks 98

QuickBooks Deposits Payroll Accounts Payable 98

AvidXchange

JANUARY 19, 2024

Invoice scanning software typically uses optical character recognition (OCR) technology to automate the invoice entry process. Some AP solutions can automate PO matching, removing repetitive tasks from the plates of AP staff. Learn More About Automating 3-Way PO Matching 3. They enable faster processing and reduced costs.

Accounts Payable 104

Accounts Payable Accounts Payable AP Invoice Processing 104

Billing Platform

APRIL 12, 2024

Understanding SaaS Billing Billing and invoicing consists of several steps, including accumulating costs, generating the invoice (manually or automatically), sending the invoice (printed or electronically), receiving payments, reconciling payments, handling collections, accounting for payments, and more. is complex.

Billing 83

Billing Collections Invoicing General Ledger 83

Gaviti

APRIL 8, 2024

We suggest trying out each of these payment collection emails on your own clients and see which offer the best results. Example #1 Subject: Payment Reminder: [Invoice Number} Due on [Due Date] Hi [Client’s First Name], I hope all is well. At this point, you’ve given the client multiple chances to discuss payment problems.

Collections 98

Collections Invoicing Accounts Receivable Accounts Receivable 98

AvidXchange

JANUARY 1, 2015

.” This is a prediction that continues to come true every day, as more and more mid-market companies look to cloud-based payment and AP automation solutions. The post Benefits of Cloud-Based Payment and AP Automation appeared first on AvidXchange.

AP 52

AP Invoicing Payroll 52

Nanonets

APRIL 24, 2024

Introduction Accuracy and efficiency are non-negotiable in the processing of payments in any company, be they payments received by the company for products/services rendered, or made to vendors for products/services received. Payment reconciliation is the process of verifying all payment transactions.

Reconciling 52

Reconciling Bank Reconciliation Invoicing XERO 52

MineralTree

FEBRUARY 15, 2024

AP check runs involve approving and issuing checks for vendor payments, with 36% of companies still making over half of their payments by check. AP automation is crucial for modern finance teams to simplify payments and reduce manual steps associated with accounts payable. What is a check run in accounts payable?

AP 78

AP Accounts Payable Accounts Payable Invoicing 78

Nanonets

APRIL 18, 2024

NetSuite's robust invoice management system offers a powerful solution to automate and streamline the invoicing process, boosting efficiency and improving your bottom line. Automated Payment Reminders:  Don't let outstanding invoices slip through the cracks.

Invoicing 52

Invoicing AR AP Data Entry 52

Nanonets

APRIL 12, 2024

With tracking and reporting, supporting recurring invoices, and recording payments, these extra features make Sage Intacct's capabilities one of the best. You can also accommodate one-time sales, service-based projects, or partial payments. Sage Intacct has additional features to simplify both ends of invoices.

Invoicing 52

Invoicing Accounts Payable Accounts Payable AP 52

AvidXchange

APRIL 18, 2024

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.

AP 52

AP Invoicing Billing Accounts Payable 52

oAppsNet

APRIL 23, 2024

Automating cash apps can be a game-changer in how you handle your finances, offering many benefits such as convenience, efficiency, and accuracy. Set up Recurring Payments and Transfers Automating recurring payments and transfers is a cornerstone of efficient cash app usage.

Budgeting 52

Budgeting Accounting Software Billing Data Entry 52

MineralTree

JANUARY 25, 2024

It’s a call to action to recalibrate priorities and prioritize digital transformation and automation to keep pace with the shifting market. To move the needle on cost-saving initiatives, many businesses are doubling down on back-office automation. Automation plays an important role in data-driven decision-making.

Accounts Payable 69

Accounts Payable Accounts Payable AP Accounting 69

Billing Platform

SEPTEMBER 25, 2023

Accounts receivable (AR) provides the critical link between making the sale and receiving payment. Although you’ve already consumed the electricity, payment is made in arrears. This blog explores the accounts receivable process and its steps, AR key performance indicators (KPIs), AR challenge, and the benefits of AR automation.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables AR 98

Nanonets

MAY 1, 2024

We’ll look at how to use QuickBooks to send invoices and streamline payments, a few flaws within the platform, and how third-party integrations can step in to save the day. QuickBooks offers a range of basic accounts receivable and payable solutions to simplify many tricky processes.

QuickBooks 52

QuickBooks Invoicing Accounts Payable Accounts Payable 52

Nanonets

APRIL 3, 2024

Cash Flow Management: Effective vendor reconciliation aids in optimizing cash flow management by ensuring that payments to vendors align with the goods or services received. By reconciling invoices and payments promptly, businesses can avoid overpaying or missing payments, thereby maintaining healthy cash flow levels.

Account Reconciliation 52

Account Reconciliation Accounts Payable Accounts Payable Data Entry 52

RevCycle

DECEMBER 7, 2023

It’s also a time when many businesses experience an increase in delinquent payments. Reducing delinquent payments during the holiday season is crucial for businesses, as it can significantly impact cash flow and profitability. This eliminates delays and simplifies the payment process.

Collections 89

Collections Invoicing Revenue Cycle 89

Gaviti

APRIL 24, 2024

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. With automated dunning and flexible customer segmentation, options for dunning workflows are numerous. With automated dunning and flexible customer segmentation, options for dunning workflows are numerous.

Collections 52

Collections Invoicing Tax Accounting 52

Invoicera

MAY 8, 2024

This can cause delays in payments (more on that later) or even accounts payables neglected. Late Payments 54% of small businesses experience late invoice payments. It takes one late payment to cause a domino effect of late invoices. You get to add and use your own business logo, information, payment terms, and more.

Invoicing 52

Invoicing Billing Financial Reporting Financial Records 52

Invoicera

APRIL 28, 2024

Introduction Many businesses find it struggling to manage their expenses and payments. “ There are likely areas where you can improve your payment processes. It covers items such as outstanding bills from suppliers, rent or mortgage payments, loan payments, taxes, utilities, and other expenses the business has not paid yet.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

oAppsNet

APRIL 15, 2024

With the advent of artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML), AP professionals will increasingly leverage automation tools to streamline routine tasks such as invoice processing, payment approvals, and reconciliation.

Accounts Payable 52

Accounts Payable Accounts Payable AP Vendor Management 52