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Kofax Adds New AI Features For Accounts Payable

PYMNTS

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That lets banks and other financial institutions cut down on times for processing, boost compliance and bolster productivity.

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Ancora On Streamlining AP Processes With Machine Learning

PYMNTS

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. With an automated workflow process, the manual approval of invoices is eliminated and strict business rules can be applied to the process for compliance reasons.

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Why The Paper Deluge Doesn't End With Digitization

PYMNTS

That's particularly true for finance teams like accounts payable , accounting or payroll. Bad habits of saving important documents any old place, and assuming you and coworkers can easily find them later, rarely flies in industries where compliance is key.". Take the electronic invoice, for example.

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Candex Raises VC To Help Businesses Pay For Gig Services With Blockchain

PYMNTS

The rise of the gig economy means companies can access a wide array of vendors, but an increasing volume of suppliers can lead to complications in the accounts payable department, the company explained, adding that the average large enterprise sees 90 percent of service vendors accounting for just 5 percent of overall spend.

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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Some of their key responsibilities include financial forecasting, budgeting, cash flow management, financial reporting and analysis, advising on financial decisions, collaborating with internal teams, implementing financial systems, and providing insights for growth and profitability.

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The Virtual Card Case For Nonprofits

PYMNTS

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Not only do they add an enhanced level of security and fraud protection to the accounts payable process, they also simplify processes and provide a mechanism for generating new forms of revenue to support the nonprofit mission.”.

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Comptroller vs. Controller: What Is the Difference?

Michigan CFO

A chart of accounts is an index in a company’s general ledger that gives you a simple breakdown of all transactions carried out within a specific time. Developing internal financial control. financial system by enhancing transparency and accountability. Dodd-Frank Act (2010).