AvidXchange

DECEMBER 4, 2023

This is becoming true in the payment space, as the adoption of digital payment platforms increases. McKinsey reports that 82% of Americans conducted a digital payment in 2022 – up from 78% in 2021. Rebecca Hughes, Vice President of Product, AvidXchange What are Real-Time Payments?

Collections 105

Collections Reconciling Invoicing Accounting 105

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. <7 days past due: Contact the customer with a gentle reminder that payment is due. Think of it as an IOU to your business.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables AR 98

Gaviti

MARCH 3, 2024

A recent survey from Intelligent Automation reports that while 42% of organizations have embraced robotic process automation (RPA), the remaining 58% plan to implement it in the upcoming year. For example, RPA in accounts receivable can automate invoice distribution, payments, collections, payment matching and reconciliation.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounting 52

Nanonets

MAY 8, 2024

Finally, BILL AR pairs your payments with the associated invoices, streamlining the account reconciliation process, too.  With the ability to synchronize product catalogs, inventory levels, and customer data between the two platforms, order processing and fulfillment is simple.

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AP Billing General Ledger AR 52

Gaviti

JANUARY 7, 2024

Your technical team might use it now for tickets in their product management, whereas your sales team might use it for their Customer Relationship Management (CRM) functionality. Recurring late payments. Account reconciliation. Netsuite offers the ability to match payments and invoices for account reconciliation.

Collections 52

Collections Account Reconciliation Invoicing Bank Reconciliation 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. Itemize Your Bill:  Add line items for your products or services.

Invoicing 52

Invoicing Accounts Payable Accounts Payable AP 52

Nanonets

JUNE 21, 2023

Efficient reconciliation of payments is a vital aspect of financial management for businesses of all sizes. As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. What is payment reconciliation?

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Reconciling Bank Reconciliation Financial Records Data Entry 52

Invoicera

MARCH 26, 2024

You need to know the ins and outs of the invoice payment process to make the most of them. In this blog post, we will guide you through invoice payment details while deep-diving into the essential elements of invoices. The purpose of an invoice is to communicate transactions and facilitate the payment process effectively.

Invoicing 52

Invoicing Purchase Order Record Keeping Reconciling 52

Nanonets

APRIL 14, 2024

Sage Intacct integrations level up cutting-edge platforms by enhancing reporting capabilities, offering customization opportunities, and merging the Sage software with your existing business ecosystem. Versapay Automated invoice delivery, payment processing, and account reconciliation capabilities take a lot of stress off of AR professionals.

AR 52

AR Payroll Data Entry Accounts Payable 52

MineralTree

NOVEMBER 30, 2023

The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. So, how can you improve finance department productivity when resources are tight? Many of these solutions also centralize invoice collection and enhance payment processing workflows.

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AP Invoicing Budgeting Financial Operations 91

Invoicera

MAY 3, 2024

Manual data reporting is time-consuming and has a high chance of errors. Finding it challenging to reconcile client payments? Simplify reconciliation tasks and maintain financial clarity effortlessly. Reporting You can record bills and create a report of successful payments, unpaid balances, and bill delays.

Billing 52

Billing Invoicing Invoice Processing Auditing 52

oAppsNet

APRIL 15, 2024

Embracing Technological Advancements In 2024, AP professionals will be at the forefront of embracing technological advancements to enhance efficiency and productivity in their roles. By extracting actionable insights from data, AP professionals can optimize AP workflows, reduce costs, and mitigate financial risks.

Accounts Payable 52

Accounts Payable Accounts Payable AP Vendor Management 52

Xero

OCTOBER 3, 2022

Lynsey, who spent her professional career working across consultancy, travel and payments sectors, fell in love with the blossoming plans for Blackbook Winery. . Lynsey explains, “It helps us minimise our costs as we’re capable of carrying out our own reconciliation. It’s very effective for us – we’re big advocates.” .

XERO 190

XERO Tax Accounting Accounting 190

Invoicera

AUGUST 27, 2023

Incompatible Reporting Producing thorough financial reports in real-time using legacy systems can be challenging. A lack of customizable reporting options may hamper examining data and decision-making processes. Multiple Payment Gateways: Invoicera supports various payment gateways for smooth and secure transactions.

Billing 52

Billing XERO Data Entry Invoicing 52

Nanonets

SEPTEMBER 22, 2023

Accounts payable reports  are an essential tool for businesses of all sizes, providing valuable insights into financial management and helping to optimize business operations. These reports track and report business expenses, ensuring accurate financial records and allowing businesses to make informed decisions.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

Nanonets

MAY 8, 2023

Reconciliation is a mandatory process for businesses of all sizes. Reconciliation helps businesses gain insight into business spending and their categories in real-time. Account reconciliation takes a lot of time and effort. Also, the manual reconciliation method is error-prone. How do reconciliation manually?

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General Ledger Bank Reconciliation Account Reconciliation XERO 52

Xero

MAY 30, 2022

Late payments adding to challenging conditions in the UK. Similarly, they experienced the longest late payment time since September 2020, at an average of 7.7 There are many ways to do this, from recording your transactions with bank reconciliation , to adding bills and receipts using Hubdoc. days in April.

XERO 177

XERO Bank Reconciliation Bookkeeping Billing 177

oAppsNet

APRIL 9, 2024

These technologies will revolutionize routine tasks such as invoice processing, payment approvals, and reconciliation, allowing AP departments to operate more efficiently and effectively. By extracting actionable insights from data, AP professionals can optimize AP workflows, reduce costs, and mitigate financial risks.

Accounts Payable 52

Accounts Payable Accounts Payable AP Vendor Management 52

Nanonets

SEPTEMBER 29, 2023

According to the American Productivity and Quality Center (APQC), the world’s top performing organizations receive an invoice and schedule payment in 2.8 Streamlining vendor payments is thus an important part of any business’ financial operations. days or faster. Let’s dive in. 

Financial Operations 52

Financial Operations Financial Operations Data Entry Invoicing 52

Nanonets

MARCH 29, 2023

It is a liability on the company's balance sheet, representing the company's obligation to make payments to its creditors. The company then makes payment to the vendor or supplier when the invoice is due, usually within a specified period, known as the payment term.

Accounts Payable 52

Accounts Payable Accounts Payable Purchase Order Accounting 52

Nanonets

FEBRUARY 8, 2024

Now, the platform offers a range of tools including mass payment capabilities, three-way matching, procurement optimization, integrated expense reporting, and so much more. million businesses that either use BILL to make payments or get paid with BILL, it’s clear that this cloud-based solution offers immense value to its users.  

AP 52

AP Billing AR AR / AP 52

AvidXchange

JANUARY 18, 2024

The company’s AP process was inefficient and disorganized, often leading to late payments and rush requests, which put a toll on vendor relationships. The company’s mission is to be an industry leader, providing ultimate value and satisfaction to its customers. I have the data I need at my fingertips,” she said.

AP 52

AP Data Entry Invoicing Accounts Payable 52

MineralTree

JANUARY 26, 2023

What is Payment Operations? This involves tracking orders from initiating vendor payments all the way through to reconciliation. With so many crucial responsibilities, it’s common for payment operations teams to recruit the help of various tools or external business partners to streamline their work.

AP 75

AP Accounts Payable Specialist Invoicing Invoice Processing 75

Nanonets

FEBRUARY 15, 2024

Process: The production manager at XYZ Corp notices a decline in production efficiency and identifies the need for a new manufacturing machine to meet increasing customer demand. A report like the one below is submitted to the procurement department.

Purchase Order 52

Purchase Order Invoicing Budgeting Collections 52

Invoicera

AUGUST 16, 2023

You need to know the ins and outs of the invoice payment process to make the most of them. In this blog post, we will guide you through invoice payment while deep-diving into the essential elements of invoices. The purpose of an invoice is to communicate transactions and facilitate the payment process effectively.

Invoicing 52

Invoicing Record Keeping Reconciling Billing 52

Nanonets

JANUARY 17, 2024

Let me start by defining the expense report. An expense report is made for recording and reporting all the expenses made by the company during the month, quarter, or year. However, this report also includes all the purchases and taxes paid during the period. What is an expense report? What is an expense report?

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Expense Reports Budgeting Accounts Payable Accounts Payable 52

Jetpack Workflow

FEBRUARY 23, 2023

We’re obsessed with finding ways to make your firm more productive, and that’s what this guide will ultimately help you do. Cost: Weight the cost of the product against its features and potential return on investment before making a purchase decision. You’ve landed in the right place. 9 Automation Areas for Accounting Firms 1.

Bank Reconciliation 52

Bank Reconciliation Data Entry Accounting Accounting 52

Accounting Tools

APRIL 13, 2023

This includes the production of periodic financial reports, maintenance of an adequate system of accounting records , and a comprehensive set of controls and budgets designed to mitigate risk. In a larger company, these added responsibilities are shifted to the treasurer and chief financial officer , respectively.

Bank Reconciliation 75

Bank Reconciliation Accounts Payable Accounts Payable Budgeting 75

Nanonets

SEPTEMBER 22, 2023

Managing your  vendor invoices  effectively is crucial for efficient  payment processing  and  budget management. The  key details  on a  vendor invoice  include: Vendor contact information : This is necessary for sending  payment  to the right recipient.

Invoicing 40

Invoicing Purchase Order Data Entry Invoice Processing 40

oAppsNet

FEBRUARY 6, 2024

Traditionally, the manual efforts required to match received payments to corresponding invoices have been time-consuming and prone to errors. Beyond the mere facilitation of payment matching, cash application automation contributes to the overall technological leap in financial processes.

Financial Records 40

Financial Records Invoicing Data Entry Record Keeping 40

Future Firm

SEPTEMBER 1, 2023

1) QuickBooks Online A true juggernaut in the small business accounting software space, QuickBooks Online is widely known across firms and self-employed business owners alike as one of the best accounting software products. Their web-based product is packed full of accounting features. And now they have a web-based product too.

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Accounting Software XERO QuickBooks Accounting 98

Nanonets

JULY 18, 2023

Some key features and modules of Oracle NetSuite include Financial Management, Customer Relationship Management, Inventory and Supply Chain Management, Human Resource Management, Business Intelligence and Reporting and their SuiteCloud Platform. Reports can be scheduled for regular distribution to stakeholders.

AP 52

AP General Ledger Accounts Payable Accounts Payable 52

Nanonets

JUNE 22, 2023

One important aspect of financial management is invoice reconciliation. In this comprehensive guide, we’ll delve into invoice reconciliation, its importance to businesses, the step-by-step process to achieving it, and how automation can streamline it. What is invoice reconciliation? billion in 2023 to $3.40

Invoicing 52

Invoicing Reconciling General Ledger Data Entry 52

Nanonets

MARCH 22, 2024

Their comprehensive platform handles everything from onboarding suppliers to processing invoices and making global payments. It also automates data validation, reconciliation, and approval with pre-built workflows, making Nanonets an end-to-end AP platform. Tipalti is a market leader in AP automation. Automated workflows 4.5

AP 52

AP Invoice Processing Invoicing AR 52

Invoicera

JANUARY 5, 2024

On the other hand, companies with efficient billing processes save up to 40% in administrative costs, says the American Productivity and Quality Center (APQC). We’ll look at how merging billing and project management can result in unmatched productivity, financial savings, and project success today. Let’s begin.

Billing 52

Billing Invoicing Financial Reporting Budgeting 52

SMB Accounting and Consulting

DECEMBER 21, 2022

Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements. Cost accountants deal in allocating costs expenses to specific products, jobs, contracts, etc.

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Bookkeeping Financial Statements Accounting Accounting 52

Invoicera

FEBRUARY 27, 2024

Introduction Are you tired of spending endless hours dealing with stacks of paper invoices and chasing payments? 89% of business leaders believe late payments are stopping their business from growing ~ Quickbooks This shows we really need a simpler and better way to manage invoicing that helps you get paid faster.

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Invoicing Billing Invoice Processing XERO 52