Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. A 2018 report revealed that businesses in North America spend $187 billion annually on Accounts Payable (AP) processing, and labor accounts for over 90% of these costs.

Invoice Processing 52

Invoice Processing Reconciling Invoicing Data Entry 52

Nanonets

APRIL 17, 2023

Once the invoices are digitized, they can be automatically matched to purchase orders and routed for approval through an automated workflow. This also helps to ensure the accuracy of the data, as the software can validate that the invoice matches the purchase order or receipt and that all required fields are filled correctly.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Future Firm

SEPTEMBER 1, 2023

12) Hubdoc Acquired by Xero in 2018, Hubdoc‘s claim to fame is its invoice fetching capabilities. Get all your bills & purchase orders into the mobile app, track the status of them there and route them through a pretty slick approval process before sending them over to one of their many integrations, such as QBO.

Accounting Software 98

Accounting Software XERO QuickBooks Accounting 98

Nanonets

FEBRUARY 26, 2024

💡 According to a  2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs. Integrate a system that supports 3-way matching by using OCR to verify invoices against purchase orders and delivery notes.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52