Future CFO

JANUARY 26, 2024

The outcome is boosted efficiency, increased accuracy, cost reduction, and stronger supplier relationships—a game-changer in Accounts Payable that allows finance leaders to navigate uncertain economic conditions and elections with confidence. The post Transforming accounts payable operations through AI appeared first on FutureCFO.

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CFO Share

DECEMBER 14, 2022

What is accounts payable ? What is accounts payable? Accounts payable is short-term obligations (aka bills) due to vendors for services or goods received. AP statements are a standard report out of all accounting systems. What are examples of accounts payable? Accounts Payable Tools.

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CFO Share

JULY 19, 2023

The biggest challenges facing accounts payable are chaos, maintenance cost, and fraud. Bring order to Accounts Payable. Accounts payable is a non-revenue-generating expense which best in class businesses minimize. Minimize fraud risk Accounts payable is the number one source of fraud in small businesses.

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CFO Share

MARCH 31, 2023

The accounts payable aging (AP) report shows when and how much you owe vendors. Why is an Accounts Payable Report valuable? Coupled with the accounts receivable aging report, you have a clear line of sight on the most near-term cash inflows and outflows. How do I prioritize vendors with an AP aging report?

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CFO Dive

FEBRUARY 28, 2022

Keeping your customers and the employees that serve them happy is key for any organization.

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CFO Share

MARCH 13, 2023

Managing accounts payable is critical for any business to maintain healthy cash flow and vendor relationships. Financial ratios are essential tools that help companies evaluate their financial performance, including their ability to manage accounts payable effectively. What is accounts payable in ratio analysis?

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PYMNTS

DECEMBER 10, 2020

Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. Digitizing and modernizing B2B payments cannot be a one-sided effort. Wells Fargo, Bill.com Pull Double Duty With Partnership.

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Future CFO

MARCH 27, 2023

To curb rogue spending, businesses need to rethink how the accounts payable (AP) process can be improved. A phased approach to automate accounts payable, reduce rogue spending, and conserve cash certainly would be a good start. The post Rein in rogue spending by automating accounts payable appeared first on FutureCFO.

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Future CFO

APRIL 6, 2022

The post Four quarters to accounts payable efficiency appeared first on FutureCFO. This white paper details: The four stages of successfully adapting to a new AP automation solution The steps to take in each stage for AP, suppliers, and the overall business How to affect change in adjacent process areas to maximize benefits.

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Strategic Treasurer

APRIL 3, 2023

Episode 247 Becoming a Treasurer Series, Part 26: Languages of Finance: Accounts Payable What problems arise when treasury and accounts payable misunderstand each other? Topics discussed include preparation, what needs to be measured, effective communication, development of a team, and acquirement of resources needed.

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CFO Share

MAY 31, 2023

Accounts payable is an annoyance at best, a disaster at worst. More and more businesses use accounts payable outsourcing as a solution to this problem. What to look for in an accounts payable company. Accounts payable outsourcing should include setting your business up with an automated solution.

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Future CFO

APRIL 6, 2022

A common thread among these initiatives is the urgent shift to a more contemporary, digitally savvy, and data-driven accounts payable function. Making this goal a reality will require accounts payable departments to: Standardize processes Make greater use of emerging technologies Deliver more real-time operational insights.

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Future CFO

JULY 1, 2020

There are specialists handling accounts payables, accounts receivables, performing reconciliation, financial planning and analysis, etc. In the case of procurement and accounts payable (AP), this rings especially true. The post Unifying procurement and accounts payable appeared first on FutureCFO.

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PYMNTS

SEPTEMBER 22, 2020

Once applied to a customer’s historical invoices, the AI learns and improves even more each time, but again, with very little human interaction required, saving the accounts payable team a tremendous amount of time,” Nikula said.

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Strategic Treasurer

APRIL 6, 2022

2022 Modernizing Accounts Payable Processing Survey Results. Description : This webinar discusses the accounts payable (AP) results from the 2022 Modernizing AP & AR Processing Survey. Learning Objectives : Consider the accounts payable (AP) results from the 2022 Modernizing AP & AR Processing Survey.

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Future CFO

JUNE 16, 2021

Organizations that adopt accounts payable (AP) automation can experience significant benefits including greater control over cash management, reduction in processing costs, fraud mitigation and improved compliance. DOWNLOAD NOW The post The benefits of accounts payable – a finance perspective appeared first on FutureCFO.

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PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That, according to Kofax, shows a focus among business leaders on using more automation to boost operational efficiency, according to the release.

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PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “Companies are increasingly looking to more efficiently manage the accounts payable process,” he said.

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Future CFO

APRIL 6, 2022

Accounts Payable is responsible for so much more than just paying incoming bills and invoices, particularly given today's global challenges. In partnership with Kofax , SSON ran an industry-wide AP Automation Maturity survey, gaining insights from all over the world into how companies are growing their payables efficiency.

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Future CFO

MARCH 29, 2021

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation. Recurring pain points in accounts payables.

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PYMNTS

SEPTEMBER 26, 2018

With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. For years, B2B FinTech players have pressed businesses to adopt electronic payments. less to process a single invoice.

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PYMNTS

MARCH 18, 2020

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. How a business begins a relationship with a supplier can determine how lasting — and profitable — that bond becomes.

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PYMNTS

MAY 9, 2019

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process.

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PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace.

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PYMNTS

DECEMBER 4, 2019

Accounts payable FinTech Finexio has announced $2.5 In August, Finexio also launched a payment processing collaboration with Payscout to streamline accounts payable and accounts receivable for joint customers. million in new funding from new and existing investors.

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PYMNTS

JULY 22, 2020

While other departments may have abandoned manual, paper-based strategies years ago, accounts payable (AP) and finance departments held their ground on practices that seem to have changed little since the 1970s. where they account for 75 percent of all invoices. However, in the wake of COVID-19, that may no longer be an option.

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PYMNTS

APRIL 8, 2020

With a launch that links enterprise resource planning (ERP) with accounts payable, among other systems, OpenText debuted its new OpenText™ Trading Grid™ The rollout brings together multi-enterprise cloud integration capabilities with data visualization and microservices architecture, according to an announcement.

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PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Which will come out on top?

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PYMNTS

JULY 3, 2019

Cost containment solution provider Palmarius Advisors is rolling out an accounts payable (AP) automation solution designed to generate revenue and enhance spend control for corporate users. The company did not reveal details on how it mitigates accounts payable fraud or introduces business users to a new revenue stream with its tool.

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PYMNTS

JULY 11, 2019

Accounts payable can be a contradiction showcasing the frustratingly slow pace of B2B payments digitization. In PYMNTS’ Payables Friction Playbook , “Why Firms Are Ready For An AP Upgrade,” a collaboration with Corcentric , paper checks came out on top as the most widely used payment tool by accounts payable (AP) departments.

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PYMNTS

DECEMBER 17, 2018

The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. Automation is on the rise in accounts payable, as AP professionals seek ways to reduce manual processes and instead focus on more strategic initiatives.

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PYMNTS

NOVEMBER 15, 2018

A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.

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PYMNTS

MARCH 21, 2019

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. The global accounts payable software market is segmented on the basis of type and application.

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PYMNTS

MARCH 28, 2019

Xerox is strengthening its position in the accounts payable services space with a new suite of business solutions. But beyond introducing document digitization tools via scanners and other devices, the company appears to be digging deeper into the cloud-based digital enterprise sphere, particularly when it comes to accounts payable.

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Future CFO

APRIL 21, 2021

So, what does the New Accounts Payable department look like? The new accounts payable department has a more intense focus on cash flow and payment terms and takes a more disciplined approach to its financial processes to work toward optimising the cash conversion cycle. What has changed, and what changes are here to stay?

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PYMNTS

MARCH 31, 2020

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors.

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PYMNTS

MAY 2, 2019

Innovation for accounts payable is often an afterthought, but automated solutions can efficiently onboard customers, cut back on errors and eliminate paper-based invoicing systems. In technology, Visa has been investing in artificial intelligence (AI) as well as data, and Apple beat analysts’ estimates for the second quarter.

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