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FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accountspayable in particularly, can help transform finance into a profit centre. Myths around accountspayable (AP) automation. Recurring pain points in accountspayables.
It places a lot of pressure on corporate money managers to keep up with the latest innovations and maintain a competitive edge. Anybill recently announced that data from its accountspayable services integrates into the accounting platform of QuickBooks. “They want it automated. .” It’s healthy.
The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said.
And as one of the largest industries impacting the global economy, the oil and gas sector must push through the pressures of high-volume cashmanagement, regulation and even influences from its own labor force. . Lately, players in this vertical have begun seeking out technologies to manage their business processes.
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