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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. Even when invoices flow in as paper documents, organizations are using electronic solutions or optical character recognition (OCR) tools to process those bills for payment. Technology for Technology’s Sake.

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The 7 Critical Finance Software for Your Companies Tech Stack

The Finance Weekly

Wave is an accounting software that provides many of the same services as other accounting tools. Although it’s meant for small businesses and doesn’t provide as many integrations as QuickBooks, Wave takes care of all of your accounting services and provides invoicing and payroll as well. 5) Accounts Payable.

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How Data Guides A New Era For The ERP

PYMNTS

Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP. These applications tend to back right into the General Ledger, the central financial data repository at the heart or ERP core financials,” he said.

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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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The Cash Flow Connection To Accounts Receivable

PYMNTS

Late payments have caught the attention of regulators around the world, and of FinTechs exploring ways to accelerate cash flow for B2B companies struggling to make a profit when invoices are left unpaid. That could mean paying invoices too early, or allowing payment terms with customers to extend too long. The AR-Cash Flow Connection.

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What eInvoicing Standardization Could Mean For AP Automation

PYMNTS

Adoption of Electronic Invoicing: Challenges and Opportunities ,” which explored the potential for the U.S. has not achieved invoice standardization. That’s a major problem for businesses looking to improve their accounts payable operations, says IPS President and Chief Executive Officer Greg Bartels.

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Finding A One-To-Many Connection In Supply Chain Payments

PYMNTS

Invoices cannot be financed until financiers see evidence of those contracts, and gain visibility into the progress of those transactions. The three-way match of contract with delivery and an invoice to create validation of what happened during a transaction, for example.”