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The Right (And Wrong) Way To Give Accounts Payable A High-Tech Overhaul

PYMNTS

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Automation in accounts payable can go a lot further, though, he said. uses in its accounts payable tool, FS2, to automate invoice processing, payments procedures and fraud analysis.

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The 7 Critical Finance Software for Your Companies Tech Stack

The Finance Weekly

From accounting and payroll management to budgeting and forecasting, finance is the reason and numbers behind every bit of data that passes through the organization. Here are the 7 best finance software solutions broken down into different categories: 1) Accounting. Perhaps there is no bigger name in accounting than Intuit.

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The Cash Flow Connection To Accounts Receivable

PYMNTS

But even as FinTechs introduce solutions — from early payment discount programs to accounts receivable (AR) automation platforms — days sales outstanding (DSO) can continue to rise for many businesses. But that data is siloed and often unstructured. The AR-Cash Flow Connection. The Financial Consequences.

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Efficiency First: Tech Trends for Finance Teams in 2023

The Finance Weekly

In 2023, organizations may focus on investing in technology that addresses specific pain points and offers a clear return on investment, such as spend management or accounts payable, rather than broader, more comprehensive investments like enterprise resource planning platforms, according to Born. “I

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How Data Guides A New Era For The ERP

PYMNTS

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. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

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Tradeshift Taps Genpact To Broaden AP Automation Offerings

PYMNTS

Genpact will provide artificial intelligence , machine learning, robotic process automation, analytics and other technologies, while Tradeshift will connect joint customers to enterprise apps to support digitization and automation of accounts payable, procurement and supplier management operations for streamlined procure-to-pay.

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What eInvoicing Standardization Could Mean For AP Automation

PYMNTS

That’s a major problem for businesses looking to improve their accounts payable operations, says IPS President and Chief Executive Officer Greg Bartels. Without standards, accounts payable departments can never be sure of the format in which they will receive supplier invoices.”. The problem for U.S.