PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

Future CFO

MARCH 16, 2022

According to the company’s assistant finance manager Kausalyaa Somosundaram , the exercise was primarily aimed at allowing the company to track its bookkeeping – both accounts receivables (ARs) and accounts payables (APs) – from one place. Kausalyaa Somosundaram. What is very interesting about this app is the automation process.

Finance 98

Finance Accounts Payable Invoicing Compliance 98

PYMNTS

OCTOBER 11, 2016

For years, accounts payable has had a reputation for being slow, manual and inefficient. A report released by the B2B payments company this month, conducted by TechValidate Market Research, found that the majority of companies are still depending on manual processes in their accounts payable routines.

Accounts Payable 75

Accounts Payable Invoicing Business Analytics B2B 75

PYMNTS

JANUARY 6, 2021

ReadSoft Online, the release stated, is Kofax's Software-as-a-Service (SaaS) tool for invoice data extraction and automating accounts payable (AP) services. The two companies combined will offer a new service for AP departments to help reduce invoice processing time by as much as 80 percent, the release stated.

Accounts Payable 73

Accounts Payable Invoicing Compliance Finance 73

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. How will you audit bookkeepers to ensure compliance with controls?

Accounts Payable 40

Accounts Payable Accounting Auditing Invoicing 40

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. What has changed, and what changes are here to stay?

Accounts Payable 40

Accounts Payable Accounting Invoicing Treasury 40

Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). “The major takeaway from this data is not that employees in certain industries commit more fraud,” AppZen noted at the time. ”

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S.,

Accounts Payable 64

Accounts Payable Invoicing Compliance Reconciliations 64

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. ”

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

PYMNTS

JUNE 28, 2020

With the Pay on Email feature, Billtrust said in the release that it hopes to aid businesses with invoicing, as sometimes an invoice will be forgotten. And, the new Virtual Terminal feature lets call centers capture payments with guaranteed payment card industry (PCI) compliance.

Invoicing 83

Invoicing Accounts Payable B2B Compliance 83

PYMNTS

MAY 22, 2017

Sure, digital invoices aren’t the most riveting of topics — but don’t be fooled: they’re at the center of B2B FinTech innovation, critical to a company’s bottom line. That strategy today needs to keep in mind that a digital invoice journeys across multiple systems for both buyer and supplier. The discussion on eInvoicing is changing.

Invoicing 41

Invoicing Accounts Payable Compliance B2B 41

PYMNTS

JULY 7, 2020

With a focus on its broader treasury management offerings, People’s United is adding MineralTree’s invoice-to-pay solution and FIS’s integrated payables technology to streamline business clients’ accounts payable processes. Five Star Bank Taps Corserv Card Tech.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

MARCH 4, 2020

For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

NOVEMBER 3, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. Enterprise business software firm Aptean offers targeted enterprise resource planning (ERP), compliance and supply chain management solutions to firms throughout the globe, according to the announcement.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

AUGUST 28, 2019

Accounts payable automation company AvidXchange is strengthening its position in the banking and financial services sector through the acquisition of BankTEL, the company said Tuesday (Aug. AvidXchange has reached an agreement to acquire BankTEL Systems, which provides accounting technology to banks.

Accounts Payable 59

Accounts Payable Banking Invoicing SAP 59

PYMNTS

FEBRUARY 25, 2020

Yet when Tipalti Co-founder and CEO Chen Amit stepped into the ecosystem to tackle accounts payable (AP) friction, he was frankly surprised that there hadn’t already been a solution designed to address the multitude of pain points businesses faced back in 2010 – and continue to face today. Finding the Sweet Spots.

Accounts Payable 73

Accounts Payable B2B Compliance Invoicing 73

PYMNTS

OCTOBER 17, 2016

“Our Data Insights reports source line-item detail directly from invoices. The solution targets spend visibility for financial managers and CFOs, it added, as well as risk mitigation, compliance, cost reduction and other metrics. Eved launched EvedPay last year to facilitate payments from corporates to their event suppliers.

Accounts Payable 75

Accounts Payable Invoicing Compliance Numbers 75

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

Gain complete visibility across your company with the ability to create accounts payable liabilities, vendor-aging and bill and check register reports in real-time. Set spending limits to maintain budget compliance with Sage Intacct Spend Management. When you need powerful accounting software, you need Sage Intacct.

Finance 104

Finance General Ledger IFRS GAAP 104

PYMNTS

DECEMBER 15, 2020

Identity verification solution provider Acuant has teamed with accounts payable (AP) automation company Tipalti to automate essential services in payment and transaction monitoring, according to a Tuesday (Dec. 15) announcement.

Accounts Payable 75

Accounts Payable Compliance Advertising Invoicing 75

The Charity CFO

FEBRUARY 4, 2022

Create invoices for goods, services, and donations. Enter bills and vendor invoices. Allocate revenue and expenses to restricted fund accounts . Prepare the data accountants used to create income statement, balance sheet, and cash flow statement. Invoicing . Record and classify payments and bank transfers .

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

PYMNTS

NOVEMBER 18, 2016

Nexus Systems is partnering with a real estate technology company to help the industry adapt to more sophisticated accounts payable and procurement processes. To be dubbed MRI AP Automation, the new solution can automate and digitize the accounts payable process for MRI clients across Canada, South America, EMEA, Asia and New Zealand.

Accounts Payable 65

Accounts Payable Invoicing Compliance Leverage 65

PYMNTS

JANUARY 27, 2021

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption.

Accounts Payable 94

Accounts Payable B2B Compliance Securities 94

PYMNTS

NOVEMBER 2, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. Enterprise business software firm Aptean offers targeted enterprise resource planning (ERP), compliance and supply chain management solutions to firms throughout the globe, according to the announcement.

Accounts Payable 56

Accounts Payable B2B Invoicing Construction 56

Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

OCTOBER 15, 2018

Buyers want to hang onto payables, saving cash in the till until the very last minute. Suppliers, of course, want to collect on receivables outstanding, getting cash into accounts for goods and services provided. Firms that automate the invoice approval process spend 75 percent less to process a single invoice.

B2B 75

B2B Invoicing Accounts Payable Compliance 75

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “We’re seeing a lot more of that mentality.” “It’s also the ergonomics of it.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

Future CFO

JUNE 16, 2021

According to organizations worldwide, automating end-to-end accounts payable (AP) processing is a big win. 70% decrease in cost to process a single invoice. This e-book highlights five AP success stories from Kofax customers. Notable outcomes include: 400% increase in productivity per person. 76,000 saved in one year.

Accounts Payable 52

Accounts Payable Invoicing Compliance Accounting 52

Future CFO

OCTOBER 21, 2021

Accounts payable, transaction processing, and bank statement processing are the top three priorities in terms of business workflow automation , according to a global survey of 800 executives by Kofax. Survey highlights. Executives indicated that automating the following functions are providing the greatest benefits, Kofax noted.

Accounts Payable 59

Accounts Payable Data Analysis Invoicing Compliance 59

PYMNTS

JULY 3, 2019

Accounts receivable departments are often hospitals’ first lines of defense for maximizing days cash on hand, but when cash flow trickles to a drip, the ramifications are felt all the way through to accounts payable. Unfortunately, accounts payable automation in the healthcare sector is far from ubiquitous.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

PYMNTS

JANUARY 27, 2020

Stories of gig workers hounding clients for past-due invoices (and getting burned) are baked into gig work lore. Companies that outsource large amounts of work in a freelance model are learning that legacy accounting software isn’t set up for that.

Accounts Payable 88

Accounts Payable Invoicing Compliance Currencies 88

PYMNTS

OCTOBER 13, 2016

” Nexus offers the NexusPayables solution to automate the accounts payable process for companies starting at the beginning of their procurement activity. Its cloud-based software supports purchasing, purchase order management, approvals, invoice data capture and vendor compliance, the firm added.

Accounts Payable 62

Accounts Payable Invoicing Compliance Leverage 62

PYMNTS

DECEMBER 12, 2019

The partnership will combine Yooz’s paperless accounts payable technology with the Microsoft Azure cloud system to help companies automate their accounting processes and increase efficiency. “By Whatever their size, our ambition is to provide them with solutions that are ever more innovative and effective on a daily basis.

Accounts Payable 60

Accounts Payable Compliance Invoicing Accounting 60

PYMNTS

JULY 3, 2019

In a press release on Tuesday (July 2), France-based ITESOFT announced that it will wield Prodware’s expertise in Microsoft Dynamics and enterprise resource planning (ERP) integrations to connect ITESOFT’s supplier relationship management and electronic billing solution, Streamline for Invoices, directly into Microsoft Dynamics.

Accounts Payable 46

Accounts Payable Invoicing B2B Compliance 46

PYMNTS

MARCH 21, 2019

For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. Typically, the AP department will struggle to just pay on time or reasonably late,” he told PYMNTS.

Accounts Payable 48

Accounts Payable Invoicing Compliance SAP 48

PYMNTS

JANUARY 26, 2021

Terrence McCrossan , CEO of Oversight , spoke with PYMNTS about the opportunity organizations have to not only keep employee spending in check, but to optimize the ways the enterprise spends money across functions, from T&E (travel and entertainment) to accounts payable (AP) and procurement.

Auditing 75

Auditing Invoicing Accounts Payable Compliance 75

PYMNTS

AUGUST 17, 2018

Since automation technologies have taken some of the burden of monotonous activities away from accountants, the profession has exchanged some of its anxiety about robots replacing their jobs with support for enhanced functionality and efficiency — though, not entirely. “This is such new territory for everyone.”

Compliance 44

Compliance Accounting Accounts Payable Invoicing 44