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Why Accounts Payable Is The ‘Lost Child’ Of Finance

PYMNTS

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process.

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How Intelligent Accounts Payable Is Changing The Face Of The ERP

PYMNTS

Straight-through processing (STP) is the gold standard for accounts payable (AP) departments. Another common challenge in the invoice-matching process involves issues related to item or product numbers. It allows invoices to be received, reviewed and pushed through for payment, all without manual intervention.

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The Biggest Challenge Facing Accounts Payable

CFO Share

The biggest challenges facing accounts payable are chaos, maintenance cost, and fraud. Bring order to Accounts Payable. Accounts payable is a non-revenue-generating expense which best in class businesses minimize. Minimize fraud risk Accounts payable is the number one source of fraud in small businesses.

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Rein in rogue spending by automating accounts payable

Future CFO

To curb rogue spending, businesses need to rethink how the accounts payable (AP) process can be improved. Not only will AP automation reduce the number of human errors from manual input, it will also improve the transparency of the process to managers. However, it typically involves 85% to 90% of the business’ suppliers.

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How Cloud-Based Accounts Payable Portals Are Helping Secure The Spice Trade

PYMNTS

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”.

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Financial Ratios to Manage Accounts Payable

CFO Share

Managing accounts payable is critical for any business to maintain healthy cash flow and vendor relationships. Financial ratios are essential tools that help companies evaluate their financial performance, including their ability to manage accounts payable effectively. What is accounts payable in ratio analysis?

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Brexit Raises The Stakes For B2B Payments Fraud

PYMNTS

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

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