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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette allows these firms to ingest invoice information from suppliers in an expedient fashion, handle invoices with an automated process for approvals, and provides a trail that auditors can examine. The firm said companies in the space have unique needs when it comes to handling supplier and vendor invoices.

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Tipalti Bolsters Accounts Payable Platform With AI-Powered Pi

PYMNTS

The technology works in the background to provide correct approval routing and general ledger (GL) coding at the bill as well as bill line level. In addition, the technology is made to identify duplicate invoices and facilitate purchase order (PO) matching as well as discrepancy detection.

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How do I clean up my financial statements?

CFO Share

The leading causes include: Poor monthly bookkeeping processes, including invoicing, billing, coding, and accruals. Too many general ledger (GL) accounts. Unsophisticated GL structures. Performing cash basis accounting instead of accrual basis. Incorrect costing or no costing. Bad intercompany processes.