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Challenges and opportunities in the automation of accounts payables

Future CFO

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation. Recurring pain points in accounts payables.

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Small improvements can bring big wins in invoice processing

Future CFO

The invoicing process encompasses much more than simply creating and transmitting an invoice. The total process cost per invoice includes the total cost of personnel, outsourcing, systems, overhead, and other allocations to these activities. per invoice. per invoice. Source: APQC. and top performers spent US$2.00.

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5 Ways to Mitigate the Accountant Shortage

CFO Leadership

The start of 2024 saw several high-profile accounting mistakes with companies having to publicly correct their quarterly earnings statements. While the specific causes of the errors were unclear, the incidents had many pointing the finger at a burgeoning risk factor: the shortage of certified public accountants.

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Inspyrus Debuts Invoice App For AP Professionals

PYMNTS

Accounts payable solutions firms Inspyrus announced a mobile app aimed at enabling invoice management for AP professionals on the go. The tool, developed on the Oracle Mobile Cloud Service, provides invoice automation for a mobile platform. An announcement on Monday (Sept.

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Virtual Cards Streamline, Simplify B2B Healthcare Payments

PYMNTS

Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. The push toward modernization does not stop at fund transfers, either, and companies are adopting digital supports to help them more smoothly and rapidly process invoices. About The Report.

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AP/AR, Payments Yield To The Processing Might Of Automation

PYMNTS

There’s simply no longer the time or bandwidth for manual accounts payable (AP) and accounts receivable (AR). Such modernizations could help financial departments process invoices more quickly and easily.”. Since there’s no way back, the payments industry is now cutting new pathways. The poll of 325 U.S.

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8 Forms of Waste in Finance Processes (Lean Approach in Finance)

Fpanda Club

This assumes continuous improvement towards maximum efficiency to free up time for strategic leadership, leading by example in productivity increase, development and use of new skills and knowledge, including understanding of process improvement methods and technologies, such as lean approach.

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