NextProcess

JANUARY 18, 2025

If youre on the fence about whether to implement modern business process automation (BPA) software in your companys accounts payable (AP) department, it can help if you know what AP would look like after automation. BPA software standardizes and streamlines your AP workflow. Costs Go Down Automation saves money.

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NextProcess

JANUARY 18, 2025

If youre on the fence about whether to implement modern business process automation (BPA) software in your companys accounts payable (AP) department, it can help if you know what AP would look like after automation. BPA software standardizes and streamlines your AP workflow. Costs Go Down Automation saves money.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Outsourced Bookeeping

DECEMBER 19, 2024

The sources and uses of cash are accounts payable and accounts receivable, and proper management of the two functions keeps the business financially fit and able to meet its obligations as and when due. The Importance of Accurate Accounts Payable and Receivable Tracking Why AP and AR Control is Important?

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NextProcess

JANUARY 12, 2024

10 Best Practices that Impact Accounts Payable Automation All around the world, mistakes happen in accounts payable departments every day. Since the accounts payable department handles money leaving the company, mistakes that happen here mean companies are losing money. But sometimes, errors can be costly.

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Accounts Payable Accounts Payable AP Accounting 52

Nanonets

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. We will discuss the following: What is Accounts Payable?

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AvidXchange

OCTOBER 16, 2024

Choosing an accounts payable (AP) automation provider is an important decision for any organization. Dedicated Onboarding Services A successful onboarding experience can make or break the adoption of your AP automation solution.

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AP Customer Service Accounts Payable Accounts Payable 52

NextProcess

DECEMBER 6, 2022

A disbursement management solution and accounts payable automation software enable more control over cash flow. By using both these software-as-a-service (SaaS) solutions together, you’ll get better insight into overall cash flow than AP automation can provide on its own. per invoice.

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Accounts Payable Accounts Payable AP Accounting 52

NextProcess

MAY 28, 2023

ERPs like NetSuite offer some level of automation, but the workflows aren’t easy to customize for every single one of the financial processes that happen in your company. Take Accounts Payable as an example. Not every AP BPA system can integrate with ERPs successfully. That’s where NextProcess comes in.

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Invoicera

AUGUST 31, 2023

Accounts payable, the process of handling and overseeing the pending payments and other financial obligations, is crucial in maintaining good relations with suppliers or vendors. It is sometimes burdensome for businesses to overcome accounts payable challenges. Let’s explore the most effective strategies.

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Accounts Payable Accounts Payable Data Entry Invoice Processing 52

AvidXchange

AUGUST 29, 2024

This year, make sure to give special recognition to your accounts payable (AP) team. Though treats like flowers, cards, and gifts are surely appreciated, equipping your AP team with the technology tools they need to do their job efficiently is one of the best ways to acknowledge and reward these hard-working professionals.

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Invoicera

SEPTEMBER 3, 2023

Accounts payable, the process of handling and overseeing the pending payments and other financial obligations, is crucial in maintaining good relations with suppliers or vendors. It is sometimes burdensome for businesses to overcome accounts payable challenges. Let’s explore the most effective strategies.

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Accounts Payable Accounts Payable Data Entry Invoice Processing 52

AvidXchange

APRIL 7, 2021

Estimated reading time: 4 minutes For any company, it’s important to always look at customer service and consider how it can be reinvented, revamped and improved. In this blog, we’ll explore how customer service is changing and provide tips to help you keep improving and excel. Happy employees produce happy customers.

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Nanonets

OCTOBER 28, 2024

On-the-Fly Inventory Checks : Retail associates can use mobile devices to check inventory availability in real-time to prevent stockouts or assist with in-store customer queries. Invoice Matching : The REST API enables AP automation tools to match vendor invoices with POs based on custom rules.

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Purchase Order AP Invoicing Accounts Payable 52

MineralTree

APRIL 13, 2023

Teams can mitigate these late payment fees when they send automated reminders to invoice approvers, leverage AP analytics, track DPO, and use digital payment methods for faster processing. Take advantage of early payment discounts and rebates Many vendors offer early payment discounts and rebates as an incentive for customers to pay promptly.

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Nanonets

FEBRUARY 8, 2024

Among finance professionals and business leaders, AP automation is quickly shifting from an exploratory endeavor to a key strategic priority. With our guide to Tipalti vs. Bill.com, you’ll get a crystal-clear understanding of two of the most-used AP automation tools today. What features do they offer?

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AvidXchange

DECEMBER 17, 2021

Why should you as a finance pro for a community association management (CAM) company start using accounts payable (AP) automation for homeowner association (HOA) management? By shifting to AP automation, finance pros could free up time to serve better their HOA customers and help grow their businesses.

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AP Invoicing Accounts Payable Accounts Payable 52

Nanonets

JULY 14, 2024

Easy invoice tracking features Secure platform Pros: Good customer service Easy integrations Cons: The workflow automation features are very basic Not very user-friendly for nonfinancial professionals Bank reconciliation is difficult Editing line items is difficult. Top features: Easy expense claims and reimbursement processes.

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SAP Accounts Payable

FEBRUARY 27, 2017

This includes the processes like Accounts payable, Sales order processing, Accounts receivables etc. Higher Productivity – Allowing staff members to focus on more value-added tasks such as customer service. Customer Satisfaction – Improved customer satisfaction throughout the entire Order cycle.

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NextProcess

MAY 13, 2023

The system also helps manage sales, returns, and customer service in a variety of businesses, including manufacturing. You’ll also be able to manage projects with more transparency and improve accounting insight for important projects. This holds true for other financial processes as well. However, they do have limitations.

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NextProcess

JUNE 14, 2024

In the accounts payable department, the ideal invoice approval workflow should be seamless, efficient, and cost-effective. Implementing BPA software lets your AP department improve the invoice approvals process in five key ways. Our customer service team will help you customize the software to your company’s needs.

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Invoicing Accounts Payable Accounts Payable Purchase Order 52

AvidXchange

JANUARY 17, 2024

Automated Trading Some financial services firms use AI-powered algorithms to analyze market trends, news and historical data to make split-second trading decisions. Customer Service AI-powered chatbots and virtual assistants can handle customer inquiries 24/7 , providing support and answering questions about accounts and transactions.

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AvidXchange

APRIL 12, 2023

Customer Name: Gates Hudson Community Management To manage invoicing and payments for its diverse portfolio of properties, GCHM relies on an automated accounts payable (AP) solution from AvidXchange that is designed for the unique needs of the industry. Once the invoice is released for payment, AvidPay handles the rest.

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AP Data Entry Invoicing Accounts Payable 52

Compleatable

DECEMBER 11, 2023

It’s impossible to touch on every area AI is predicted to revolutionise (we’d probably still be here in 2025), but customer service has been specifically singled out by both market experts and customers.

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Customer Service Accounts Payable Accounts Payable AP 100

Compleatable

DECEMBER 11, 2023

It’s impossible to touch on every area AI is predicted to revolutionise (we’d probably still be here in 2025), but customer service has been specifically singled out by both market experts and customers.

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Customer Service Accounts Payable Accounts Payable AP 100

NextProcess

APRIL 26, 2024

1) Speed Up Processing One of the first benefits you’ll notice when automating processes like purchasing or accounts payable (AP) is that the process happens more quickly. If there’s already a purchase order in the software system, the AP software can typically process and pay invoices within 12 hours. days, but it’s 5.4

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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. However, once things are set up, investing in customizations and model training pays off.

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AvidXchange

OCTOBER 18, 2023

Adding to the challenge, Scherer and the rest of her AP team work remotely. AvidPay supports paperless transactions, eliminating the manual tasks of printing and mailing paper checks for the AP team. “We batch invoices and cut checks once a week.

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Invoicera

MAY 14, 2023

Invoice automation solutions control how customers pay and lower the investment cost on an Account Payable (AP) team. The AP team manages customer service and orders and tackles the arduous task of keying hundred of invoices and verifying them against their original purchase orders.

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AvidXchange

DECEMBER 14, 2023

Customer Service Chatbots Real estate businesses are using AI chatbots to handle inquiries about buying, selling and renting properties. Accounts Payable Automation Real estate companies are leveraging AI-powered accounts payable (AP) automation to streamline financial processes and increase operational efficiency.

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AvidXchange

DECEMBER 21, 2023

We found the top use cases are currently customer service (67%), fraud detection (64%), risk management (64%) and investment management ( 57%). Fifty-two percent of departments use AI for automation.

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Computation AP Customer Service Data Entry 52

AvidXchange

OCTOBER 20, 2023

Tech Forecast for Financial Services Technology plays a crucial role in the banking sector and credit unions by fostering innovation, improving operational efficiency, ensuring regulatory compliance and enhancing customer service. As financial leaders plan for 2024, many are focused on digitization to drive organizational growth.

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NextProcess

DECEMBER 10, 2023

Maybe you’re having trouble finding enough skilled employees to handle tasks like accounts payable or travel and expense reporting. For example, BPA software in accounts payable automates invoice digitization and data capture, PO reconciliation, and invoice processing. Perhaps you’ve heard that outsourcing can save money.

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Nanonets

MAY 27, 2024

If so, start with these strategic Microsoft Dynamics integrations:  Nanonets The accounts payable function is ripe for automation, but on its own, Business Central’s ability to enable AP automation is limited. If you want to dive deeper into AP automation with Microsoft Dynamics, check this out. 

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AvidXchange

MAY 7, 2019

The tools enable more effective problem-solving, better customer service and facilitate a multitude of tasks with increased efficiency. Accounts payable and payments automation Growing a portfolio inevitably means more invoices to process and bills to pay.

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NextProcess

NOVEMBER 11, 2022

If a business doesn’t already have some form of digitization and automation to help streamline their financial processes like accounts payable and purchasing, then there’s a good chance they already have plans to digitize. It’s often used for customer service, legal processes, banking, and financial operations.

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Purchase Order Accounts Payable Accounts Payable AP 52

AvidXchange

MAY 26, 2022

Reliance on paper invoices and checks will further slow down the process as AP professionals won’t receive their mail every day if they’re not going into the office regularly. Automate the accounts payable (AP) process Use AP automation software to reduce steps in the invoice and payment process.

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NextProcess

APRIL 21, 2023

Even in that case, however, automating creates other jobs because someone needs to run the software, maintain the servers, and handle customer service for your BPA supplier. In accounts payable, for example, companies that fully automate AP processing save an average of $14.93

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