oAppsNet

SEPTEMBER 3, 2024

The world of finance is continuously evolving, and the accounts payable (AP) process is no exception. In 2024, several key trends will shape how companies manage their accounts payable. The Rise of Automation in Accounts Payable Automation is revolutionizing the accounts payable process in unprecedented ways.

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AvidXchange

OCTOBER 11, 2023

Grocery-anchored properties remain a source of stability in a shifting sector.  2024 Real Estate Forecast: Technology Plays a Role The real estate industry has been on a wild ride in recent years. In 2024, real estate companies will prioritize digitization of all functions to better withstand industry changes.

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Outsourced Bookeeping

MARCH 14, 2024

Accounts Payable process plays a key role in maintaining the financial health of the organization. Vendors with different procedures and standards of invoicing will often make accounts payable processes cumbersome and unmanageable. Your professional will ensure accurate and timely payments to vendors.

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Invoicera

APRIL 28, 2024

Too many unpaid bills or Accounts Payable can weigh a company down and eat its profits. And on average, 48% of businesses make 68% fewer profits because of issues with unattended accounts payable. Let’s begin by understanding a little about accounts payable. What Are Accounts Payable?

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oAppsNet

APRIL 5, 2024

As we usher in the year 2024, the accounts payable (AP) landscape is undergoing rapid transformation driven by technological advancements, changing business dynamics, and evolving customer expectations.

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Compleatable

DECEMBER 11, 2023

it’s also a crucial time to look forward at 2024 and predict what will be in store. Today, I’ve compiled a list of 5 global trends that will undoubtedly affect every business in 2024. Nonetheless, I’m sorry to say that AI, specifically generative AI, is the hottest trend on almost every list predicting 2024 trends.

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Compleatable

DECEMBER 11, 2023

it’s also a crucial time to look forward at 2024 and predict what will be in store. Today, I’ve compiled a list of 5 global trends that will undoubtedly affect every business in 2024. Nonetheless, I’m sorry to say that AI, specifically generative AI, is the hottest trend on almost every list predicting 2024 trends.

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AvidXchange

OCTOBER 13, 2023

Free Download Download our free whitepaper, “Community Association Management Forecast: 2024” to ensure your finance team is on the right track to meet your departmental and overall organizational goals for the year ahead.

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AvidXchange

JANUARY 2, 2025

Have you noti ced inefficiencies in your accounts payable (AP) department ? Audit Challenges Accounts payable audits can be tedious and time-consuming. In our 2024 Accounts Payable Career Satisfaction Survey AvidXchange and IOFM found that AP automation can boost employee satisfaction while streamlining processes.

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oAppsNet

APRIL 15, 2024

In the dynamic landscape of corporate finance, the role of accounts payable (AP) professionals are evolving rapidly. As we enter 2024, technological advancements, changing business practices, and shifting market dynamics reshape the responsibilities and expectations placed on AP professionals.

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Counto

JANUARY 15, 2025

Regulatory Requirements Current regulatory standards from Singapore authorities include: Payment Services Act 2019 (PSA) licensing requirements MAS Notice PSN02 on Prevention of Money Laundering Technology Risk Management Guidelines (April 2024 update) Digital Payment Token Services regulations 5. Streamline your finances today. Learn more !

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oAppsNet

APRIL 9, 2024

As we enter 2024, the landscape of accounts payable (AP) departments is poised for significant transformation. This article will explore nine key ways AP departments are expected to change in 2024 and the implications for individuals and organizations.

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AvidXchange

AUGUST 27, 2024

Why Automate Accounts Payable? A Guide to the Prospective Advantages According to our recent Controllers Council National Survey (March 5-19, 2024, 378 respondents participating across North America), 95% of finance departments are at least partially automated.

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CapActix

JUNE 21, 2024

Managing accounts payable is a critical aspect of maintaining a healthy cash flow and ensuring operational efficiency in any business, whether it is a small scale or a large enterprise. This is where the decision to outsource accounts payable services can make a significant difference. million in 2023.

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AvidXchange

DECEMBER 20, 2024

Creating 1099 reporting is one task that can take less time with accounts payable (AP) automation. For the 2024 tax year, businesses must issue a 1099-NEC to recipients and file it with the IRS by January 31, 2025, according to the IRS. Tax season is a busy time for finance departments.

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AvidXchange

NOVEMBER 2, 2023

Accounts payable workflow automation can help. Read on to learn the benefits and steps needed to make accounts payable (AP) workflow automation a reality. Learn More About Accounts Payable Automation What is an Accounts Payable Workflow? What is a Manual Workflow in Accounts Payable?

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Fidesic blog

JULY 11, 2024

Payments fraud increased in 2023 for the first time since we started watching and sharing results from the annual AFP Payments Fraud and Control Survey Report.

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NextProcess

DECEMBER 20, 2024

Increasingly, accounts payable (AP) is seen as a department capable of driving strategic growth and cost savings. As accounts payable grows, Business Process Automation (BPA) software provides a foundation for crafting a sustainable AP process that supports company-wide goals. AP Can Be Strategic, but Is It?

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AvidXchange

JANUARY 22, 2025

And nearly one-third of contractors reported having 11 or more unfilled craft positions as of June 2024, according to the AGC and Arcoro survey. Digital tools give teams the flexibility to respond quickly and maintain efficiency, no matter the outcome, said Brian Thayer, VP & GM of Sales. construction firms face hiring challenges.

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NextProcess

JULY 20, 2024

Some of the biggest trends in accounts payable this year involve how organizations handle payments. Many see 2024 as a year for integrating payments, accounts payable (AP), and procurement to create a seamless procure-to-pay cycle. Why Update Procure-to-Pay? This is one of the ways that NextProcess stands out.

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AvidXchange

NOVEMBER 8, 2023

Learn More About 3-Way Matching Automation Table of Contents What is 3-Way Matching in Accounts Payable? There are three documents that are integral for managing payments through accounts payable: Invoice : An invoice constitutes a request for payment from the vendor to the buyer. How Does 3-Way Matching Work?

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MineralTree

MARCH 14, 2024

However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. An overview of high-volume accounts payable High-volume AP involves managing a large number of invoices and payments. Did you know?

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Counto

SEPTEMBER 6, 2024

Staying Compliant with Singapore Payroll Legislation: Key Updates in 2024 As a business owner in Singapore, staying compliant with payroll regulations is essential to avoid fines and ensure smooth operations. In 2024, several key updates to payroll legislation require your attention. Key Payroll Updates for 2024 1. Learn more !

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AvidXchange

NOVEMBER 16, 2023

First, Grafals recognized the accounting department didn’t have an accounts payable automation solution that allowed for centralized access and visibility to accommodate all employees across the country. Rather than focusing on a specific facility, employees pivoted to work for the entire organization.

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Counto

SEPTEMBER 6, 2024

Navigating IR21 Tax Clearance and Digital Payslips in 2024: The Counto Way! In 2024, updates to IR21 tax clearance and the transition to digital payslips are reshaping payroll management for small businesses in Singapore. Understanding the 2024 IR21 Tax Clearance Updates 1. What’s New in 2024? Why IR21 is Important?

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AvidXchange

DECEMBER 21, 2023

In this post, we’ll discuss how organizations are using AI tools for finance today and into 2024. AvidXchange surveyed 500 finance executives in September 2023 to learn more about their priorities for 2024. Sixteen percent of respondents said their organizations have plans to implement AI in 2024.

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AvidXchange

JANUARY 11, 2024

A recent Forbes Advisor survey found that 77% of consumers are concerned that AI will cause human job loss in the near term. Experts have identified many use cases for AI in accounts payable (AP) and other finance and accounting functions, noting that the technology is particularly well-suited to these data-centric departments.

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Gaviti

JULY 3, 2024

AICPA® and CIMA® CFO Conference Date: April 24–26, 2024 Location: Charleston Place, Charleston, SC, and live online Focus: CFOs, C-suite executives and finance directors and controllers This three-day financial conference allows CFOs and finance executives both in-person and via virtual workshops. Schedule a demo to learn more.

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AvidXchange

JANUARY 6, 2025

In a 2024 survey highlighted in its 2025 Fundraising Outlook Report , OneCause found: Forty-nine percent of organizations use or plan to use AI for donor management, up 15 points from 2023. So its no surprise that 65% of respondents said their organization has strengthened security measures in 2024.

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AvidXchange

OCTOBER 17, 2023

AvidXchange conducted a 2024 Trends Survey in September 2023 to learn more about trends impacting finance departments and how leaders are addressing them. Supply Chain Hurdles Material costs and availability continue to create disruptions in construction, although prices show signs of stabilizing in 2024.

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Outsourced Bookeeping

MARCH 22, 2024

By 2024, firms looking to optimize their financial operations will find that knowing QuickBooks is a necessity. Some of the most effective QuickBooks efficiency tips that can improve your money management procedures in 2024 are covered in this guide. 10 QuickBooks Efficiency Hacks For Streamlining Your Financial Management in 2024 1.

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AvidXchange

JUNE 28, 2024

In 2023, that number dropped to 33%. AvidXchange’s 2024 Trends Survey underscores this, finding that only 5% of organizations use checks most often to pay suppliers. As of May 2024, that number had ballooned to 758. Data from the Association for Finance Professionals (AFP) shows that more than 80% of B2B payments in the U.S.

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Nanonets

DECEMBER 11, 2023

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week.   Top 10 Invoice Processing Solutions in 2024 1. It’s out there! 

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Gaviti

OCTOBER 10, 2024

Benefits of Autonomous Finance Tools Autonomous finance fintech applies to a wide range of applications, from autonomous banking and cash flow forecasting and management to accounts payable and payment processing. We’ve composed a list focused more on core finance and accounting functions, including accounts receivable.

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AvidXchange

DECEMBER 4, 2023

Since RTPs are fairly new, not all banks or organizations support these types of transactions yet. Listen to Our Podcast Episode on Real-Time Payments and Invoice Factoring Adoption of Real-Time Payments In September 2023, AvidXchange conducted a 2024 Trends Survey to gauge priorities within the finance departments of mid-market companies.

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Nanonets

APRIL 17, 2024

Each has a range of unique use cases and benefits, but at the same time, each serves generalized accounting and bookkeeping purposes for most businesses. It’s also important to note that Intuit (QuickBooks’ parent company) is sunsetting QuickBooks Desktop effective July 2024.

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AvidXchange

JUNE 10, 2024

The Paris 2024 Olympics will be the first since 2018 without major impacts from the pandemic, suggesting audiences may see major changes compared to previous Games. Following are five Olympics advertising trends experts are expecting this summer. 1.

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