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To provide non-touch invoice processing and support remote work, SoftCo rolled out its SoftCo ExpressAP accounts payable (AP) automation technology. SoftCo ExpressAP removes costly manual invoice processes, enforces cost control, and supports a safe remote working environment.”.
There are three new features — Intelligent Collections, Intelligent VendorManagement and Intelligent Planning — which are intended to remove time-wasting steps and friction and improve cash flow for corporate finance teams, the release stated.
The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. Disruption Ahead.
Generative AI excels in identifying discrepancies between invoices and purchase registers, drastically reducing the likelihood of erroneous claims. This scalability is particularly beneficial for larger entities that deal with vast amounts of invoices and transactions. Scalability: As businesses grow, so does their data volume.
The firm said it plans to use the money to strengthen its existing accrual and spend management platform. Accrualify provides a procure-to-pay platform that supports payments, vendormanagement, invoice and accrual automation and other features.
Strong vendor relationships promote understanding, support transparent conversation, and instill confidence. Understanding involves ensuring clarity surrounding items like invoicing, discount practices, logistics, and more. Effective purchasing managers also help communicate expectations to vendors to support capacity planning.
Department of Justice (DoJ) announced plans to charge a man allegedly responsible for an $100 million business email compromise scam. We detected this fraud against our vendormanagement team and promptly alerted the authorities,” a Google spokesperson said. “We At the end of March , the U.S.
“Things like digital invoicing, virtual cards and cloud-based finance and accounting will help the bottom line of smaller businesses by enabling them to process and receive payments quickly,” he stated. Along with plans to expand to Thailand, MC Payment told PYMNTS it will be looking to zero in on the SME client.
Earlier this month, FICO revealed plans to roll out a new kind of score: the Enterprise Security Score. “Usually, within the banks, it’s the procurement function that’s accountable for managingvendor risk,” Clare explained. 2013, resulting in $3.1 billion worth of corporate funds at risk.
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