AP automation Archives

How accounts payable automation drive digital transformation

Accounts Payable Software, Featured / February 25, 2025

The role of finance teams has not only evolved but expanded into new territories. As economic pressures push businesses to do more with less, finance professionals are now juggling a growing list of responsibilities—ranging from analysis and strategy to supplier relationships—on top of their traditional financial duties. Finance teams are no longer just pushing invoices […]

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Generative AI for Accounts Payable: The Transformation Businesses Should Experience

Accounts Payable Software, Featured / January 23, 2024

As we move towards a digital world, enterprises started leveraging the power of artificial intelligence. Accounts payable is an area where artificial intelligence is creating a significant impact in this arena. Generative AI and advanced data extraction mechanism promised increased efficiency throughout the accounts payable process. Role of Generative AI in AP Automation Generative AI

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Make SMBs Invest in AP Automation

Spend Management / January 3, 2022

Small businesses have long had to struggle with cash flow challenges, delays in technological implementation, and more when it comes to accounting. It’s an environment when AP automation in small and medium-sized businesses adoption can make sense. You must keep in mind, the smaller the organization, the more critical it is to perform more with

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The Strategic Role of Automated Accounts Payable in Business

Spend Management / September 1, 2021

Previously observed as a back-office function, accounts payable (AP) is identified as the team that acts as the main hub for controlling spend management. As AP shifts into a visible role of handling spend, the employees get the opportunity to take an increasingly strategic role. If you work in AP, you might be wondering how

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Automated Invoice Processing Solves the Problem of Late Payments

Expense Management, Spend Management / October 20, 2020

Late payments have become a major problem for most organizations across the world. Failure to pay suppliers on time impacts vendor relations, which could lead to supply disruptions, and costs the organization money. Manual accounts payable processes are time-consuming and are error-prone. An automated system accelerates the process as well as ensures compliance with policies

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How Accounts Payable Software Ensure Business Continuity in COVID-19?

Spend Management / August 12, 2020

As its the high time for businesses – due to COVID 19 pandemic, processes that depend on people versus automation disrupts businesses significantly. Organizations experience a sudden transformation in operations while back-office processes such as human resources and accounts payable must quickly adapt to the change. Research shows that around 85% of businesses reported that

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4 Must-Have Features of AP Software for Automation

Spend Management / February 14, 2020

It’s imperative for enterprises to track all financial data effectively in order to enhance business productivity. But, managing financial transactions with the age-old traditional processes is obscure, slow, and is prone to errors. Fortunately, many businesses are adopting account payable (AP) solutions to automate and streamline financials within the AP processes. With the increasing demand,

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Common AP Tasks Your Organization Should Automate Soon

Spend Management / January 24, 2020

Accounts payable tasks can turn out to be time-consuming and ineffective in financial processes without automation. Today, many AP departments still need to key-in invoice data manually. They are spending valuable time printing paper checks, mailing payments, filling paper records, chasing down signatures, and more. Also, they must monitor and calculate the financial details include

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Automation to Simplify Accounts Payable Processes

Spend Management / January 17, 2020

Automation is the top priority for accounting and CFO professionals. Automation, when done in accounts payable departments, will help in processing invoices faster, with better control and reduced costs. Many enterprises miss the benefits of automation as they choose the wrong technology or take the wrong approach to deploy the technology. The terms procurement automation,

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What Does a Modern AP Department Look Like after Automation?

Spend Management / January 6, 2020

It can be nearly impossible to run an account payable (AP) team in the modern age without automation. There are several reports and articles’ stating an automated AP solution is one of the best tools that you can leverage in order to make the departments tasks more efficient and easier to handle. Automating your AP

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