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Mastering the End-to-End AP Process with Automation

Spend Management /

Managing accounts payable process requires you to understand the end-to-end process clearly. Every AP process includes four steps – invoice capture, invoice approval, payment authorization, and execution. Manually managing these steps would result in errors, limits visibility into invoice payments, and gives you no visibility into cash-flow. Key Takeaways How Manual Processes Limit Visibility Understanding […]

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accounts payable software solutions

Making Accounts Payable Processes Efficient & Effective

Spend Management /

Earlier, organizations were unsure if automating business processes is worth the time and investment. Today, the reality is that automated processes and workflows have become an essential component in supporting operational efficiency and growth. The benefits of automation include faster delivery, increased productivity, lower costs, improved cash flow, and satisfaction levels. Many organizations can benefit

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accounts payable solution

Drive Away Fraudulent Activities with Accounts Payable Solution

Spend Management /

The growth in invoicing processes and digital payment has created multiple opportunities for businesses across the world. Effective gains, flexibility, and latest business opportunities have accelerated in the past decade. For this, we must be thankful to the modern age of technological advancements. In spite of the advancement in technology around accounts payable, there is

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Automating Accounts Payable Software

Addressing the Manual Accounts Payable Tasks with Automation

Spend Management /

Many businesses still follow traditional methods of managing accounts payable processes. Manual processes are time-consuming and erroneous, requiring you to pay careful attention to detail. The four major pain points in accounts payable processes are: · Invoice capturing and data entry · Invoice approvals · Invoice-PO matching · Signing paper documents including checks Accounts payable

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Cloud-based accounts payable solutions

Things You Must Look for in Accounts Payable Automation Solutions

Spend Management /

Today, businesses are simply tired of manual accounts payable processes and they want to do something about it. It is estimated that over the next two years, 85 percent of businesses will plan to minimize the number of paper invoices they get from vendors by 25 percent, per the Institute of Finance Management. A majority

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AP Automation Software

Why You Must Start Managing Multiple Entities in Your Accounts Payable Solution

Spend Management /

Multi-entity accounting practices are primarily related to complex businesses which operate as a parent company, conglomerate, or a holding company with multiple subsidiaries. But businesses that work as a single entity may comprise of segmented teams and regional offices, treated as separate units by the accounts department. Businesses can also move quickly from one to

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Managing Accounts Payable

3 Common Problems for AP Managers and How to Handle Them

Spend Management /

Today accounts payable managers are not only responsible for making payments, but they also have to look for ways to make AP more efficient and predict the cash flow of the business. Some of their key responsibilities comprise of streamlining payment processes for suppliers, monitoring incentives, connecting to several banks, and managing various payment channels.

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