Maintaining efficiency in accounts payable while keeping records accurate reduces half of a company’s problems. Companies with inefficient Accounts Payable can significantly damage the business cashflow, resulting in unpaid payments, and poor vendor relationships. Tracking a stack of missed invoices and purchase orders can be racking.  Matching invoices with purchase orders (POs) helps ensure the company pays for what it ...

In a world of digital payments, every vendor expects to have a transparent payment process in place. Human intelligence complemented with advanced technologies such as Artificial Intelligence (AI) should streamline the digital payment processes. Leveraging technology for bookkeeping and accounting practices could improve speed, compliance, and fraud across financial operations. The significance of artificial intelligence in AP payments  Automating approval ...

With automation taking center stage in every business, there is no room for paper-based processes, especially in the finance department. Accounts payable automation offers increased reliability and security; therefore, the transition to an automated solution is more accessible for any business. Technological advancements play a crucial role in maintaining the continuity of any business. Besides cost savings, automation would offer ...