Accounts payable shouldn’t be a cost center
CFO Dive
MAY 26, 2023
Leveraging intelligent automation to process invoices can help, Steven Cronin writes. CFOs are under growing pressure to drive efficiencies at zero cost.
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CFO Dive
MAY 26, 2023
Leveraging intelligent automation to process invoices can help, Steven Cronin writes. CFOs are under growing pressure to drive efficiencies at zero cost.
The Finance Weekly
DECEMBER 1, 2024
Let’s talk about something every business owner and accountant deals with— account reconciliation. If you’ve ever wondered what account reconciliation is all about or how to do it effectively, this guide has got you covered. What Is Account Reconciliation? Bank Reconciliation This is the most common type.
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Bramasol
NOVEMBER 11, 2024
Data-Driven Decision Making: The integration of advanced analytics and machine learning capabilities in cloud ERPs enables organizations to leverage their data more effectively, leading to better decision-making processes. Remote Access and Collaboration: The rise of remote work has highlighted the importance of having accessible systems.
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Operational Strength Starts with People: The New Rules of Finance Leadership
What Your Financial Statements Are Telling You—And How to Listen!
CFO Plans
OCTOBER 29, 2024
This article explores effective strategies for accounts receivable and payable management, offering actionable insights to enhance financial stability and promote growth. Improving Liquidity through Accounts Receivable Efficiency Optimizing accounts receivable efficiency is crucial for improving liquidity.
Speaker: Danny Gassaway and Wayne Richards
Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway for a practical guide on bringing accounts payable (AP) automation to your organization.
Bramasol
MAY 23, 2024
Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. Also, monitoring renewals and upgrades is key to forecast future sales.
PYMNTS
SEPTEMBER 20, 2016
Accounts payable solutions firms Inspyrus announced a mobile app aimed at enabling invoice management for AP professionals on the go. The tool, developed on the Oracle Mobile Cloud Service, provides invoice automation for a mobile platform. An announcement on Monday (Sept.
PYMNTS
APRIL 7, 2020
What we’re trying to do is leverage open banking to replicate a FedEx or Amazon experience where businesses know where their payment is at any given point of time, so they have real-time cash flow positioning.”.
PYMNTS
JANUARY 13, 2021
The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.
PYMNTS
NOVEMBER 20, 2019
Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. Citi is deploying its localized payments services and FX offering to streamline the collections process.
CFO Thought Leader
OCTOBER 29, 2024
Gronen: Yooz is an AP (accounts payable) automation and payments company. Right now, many companies receive invoices in paper envelopes. They open the envelope, scan the invoice, manually input the data, and attach the invoice to the system. We also reduce human error by leveraging machine learning.
PYMNTS
APRIL 11, 2019
Supply chain payment technology firm Taulia is teaming up with Google Cloud to enable an artificial intelligence-powered invoice processing solution. Described as “cognitive invoicing,” the tool allows companies to automate invoice processing regardless of file format that suppliers send.
CFO Plans
MARCH 10, 2025
Establishing clear payment terms, offering early payment incentives, and utilizing innovative technology to streamline invoicing are crucial measures. For example, a SaaS company working with enterprise clients can leverage automated invoicing systems to ensure timely reminders and reduce human error, thereby expediting payment processes.
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. less to process a single invoice. Invoice processing is also an average of 7.5 days faster for best-in-class firms.
PYMNTS
MARCH 14, 2019
Canadian financial technology provider Central 1 is linking its credit union customers to a new solution designed to streamline accounts receivable for small businesses. The tool links directly into small to medium-sized business (SMB) accounts, the company noted, allowing businesses to avoid the cost of card acceptance.
CFO Thought Leader
JANUARY 29, 2025
Collis career began in accounting, where he spent seven years honing technical expertise in public accounting. Read More At PairSoft, Collis leverages these experiences to prioritize purposeful integration. The first is our accounts payable automation solution. We offer two core products.
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. Automated services could cut an average of 40 days from their invoice processing time.
PYMNTS
DECEMBER 15, 2020
Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. The push toward modernization does not stop at fund transfers, either, and companies are adopting digital supports to help them more smoothly and rapidly process invoices. About The Report.
PYMNTS
JANUARY 13, 2021
When employees cannot be physically in an office to send or receive paper invoices and purchase orders, the ability to electronically transmit data on those documents to the appropriate business partner is key as work-from-home requirements continue. that have the leverage to require EDI adoption from their supplier base.
PYMNTS
OCTOBER 30, 2020
Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. What It Means to Be Digital.
E78 Partners
NOVEMBER 18, 2024
With the support of firms like E78 , companies can leverage the skills of experienced interim leaders to implement robust financial strategies that maintain stability and promote growth during periods of uncertainty. Enter interim leadership, a strategic solution providing organizations with the expertise to navigate these challenging times.
The Charity CFO
MARCH 13, 2025
Government regulations are tightening, and donors are demanding more accountability. This ensures accountability and makes audits or donor inquiries easier to manage. Pro Tip: Leverage expense approval tools to ensure all vendor invoices and credit card transactions are reviewed and approved at the appropriate levels.
CFO Plans
SEPTEMBER 24, 2024
Discover expert tax planning and accounting services designed to help you thrive. Effective tax planning and accounting are not just about compliance; they are about unlocking opportunities for growth and stability. By leveraging their expertise, you can make informed decisions that drive growth and stability.
PYMNTS
SEPTEMBER 15, 2020
Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. Against that backdrop, Oyster offers freelancers and small- to medium-sized businesses ( SMBs ) debit accounts. The world doesn’t need another bank,” Poovala told Webster.
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. Fraudsters are getting smarter.
Bramasol
JULY 31, 2023
This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0
CFO Plans
AUGUST 9, 2024
In the rapidly evolving landscape of business accounting, staying ahead requires more than traditional bookkeeping. By leveraging the expertise of seasoned financial professionals, companies can gain strategic insights without the overhead costs of a full-time CFO. Transform your financial practices with cloud accounting services.
PYMNTS
NOVEMBER 11, 2020
The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Capital Management Leans Into Digital. A recent survey found that 74.2
PYMNTS
DECEMBER 15, 2017
Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Now the firm is leveraging its expertise to solve business-to-business receivables.
CFO Plans
JULY 25, 2024
“`html SaaS Accounting Software for Manufacturing Businesses Maximizing Efficiency with SaaS Accounting Software for Manufacturing In today’s dynamic business landscape, manufacturing companies face a multitude of challenges in managing their financial operations efficiently. Get started with automated financial operations today.
Future CFO
JANUARY 26, 2024
Systems powered by artificial intelligence are without a doubt revolutionising invoice processing in finance departments. There are nine ways AI-powered systems can transform invoice processing in Accounts Payable (AP) departments. AI ensures that every piece of data is accurately captured, leading to improved data integrity.
Future CFO
OCTOBER 2, 2024
As the landscape of artificial intelligence adoption in accounting evolves, it is noted that there is no single approach being taken. According to the Association of Chartered Certified Accountants , as organisations are at various stages of AI integration, there is no single application that the majority of sectors are pursuing.
CFO Plans
JULY 18, 2024
From property management to rent collection and tax compliance, the need for specialized accounting services is paramount. Here, we explore how expert real estate accounting services can optimize your property management, streamline rent collection, and ensure compliance with tax regulations for sustained financial success.
PYMNTS
SEPTEMBER 10, 2019
We look forward to leveraging Delego’s secure cloud-based solutions as part of our B2B payments offering as this underpenetrated market continues to experience significant growth.”. Delego in May rolled out PayCenter, an SAP-integrated tool for invoicing and payments to digitize and streamline accounts receivable.
PYMNTS
SEPTEMBER 18, 2020
But getting funds settled more quickly into their accounts can make all the difference in giving them the cash cushions they need to expand, weather economic shocks and even get their suppliers paid in a timely manner. The settlement wait can be several days in length, with even longer lag times over a holiday weekend.
PYMNTS
APRIL 23, 2020
Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”.
Global Finance
FEBRUARY 4, 2025
Financial institutions can better understand the risk profiles of small suppliers by leveraging alternative data and machine learning, thus expanding access to financing. Suppliers can instantly track invoice payments and upcoming payment totals for improved forecasting. Santanders 50 million Brazilian real ($8.3
Navigator SAP
FEBRUARY 17, 2022
Here are some of the top ERP functional areas of management: Accounting and Finance As money flows in and out, how many software solutions are you using to keep tabs on where it’s going? Sales data related to customer visits, expenses, shipping, invoicing, forecasting, and competitor analysis are all available in one place.
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? What is the accounts payable process?
CFO Plans
MAY 16, 2024
One of the most transformative tools available is SaaS-based accounting software. Here’s how SaaS accounting software is revolutionizing financial management and why it’s essential for CFOs. This is particularly beneficial for small businesses and startups that need robust accounting capabilities without the hefty price tag.
Bramasol
FEBRUARY 9, 2024
Service providers need flexible and highly scalable systems that can handle the intricate calculations and billing adjustments required to accurately invoice customers, reducing the risk of errors and disputes. Efficient billing and invoicing processes are crucial to assure a positive customer experience.
PYMNTS
JANUARY 19, 2021
That shift has meant merchants must pivot from traditional retail partnerships that have relied on leveraging others’ expertise to build brick-and-mortar infrastructure-focused operations that would include back-end activities such as payments and fraud prevention.
PYMNTS
NOVEMBER 10, 2020
Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. A study found that 74.2
Global Finance
OCTOBER 31, 2024
Before the pandemic, DBS had relentlessly leveraged emerging technologies to help SMEs, especially micro and small enterprises, streamline services and manage credit risk. SMEs account for 16% of the bank’s business, or approximately $1.5 SME business now accounts for 12% of BTG Pactual’s total portfolio.
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