Ascend Software blog

NOVEMBER 19, 2024

Accounts payable (AP) automation has the potential to revolutionize financial operations, driving efficiency, accuracy, and cost savings. However, despite the many advantages of automating AP processes, not all implementations are successful.

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AvidXchange

SEPTEMBER 27, 2024

Automating accounts payable (AP) is an effective way to streamline your invoice approval and payment processes, reduce costs, and strengthen supplier relationships. Traditional AP processes can be time-consuming, prone to human error, and involve a lot of manual data entry. Why Automate Accounts Payable?

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AvidXchange

AUGUST 27, 2024

Why Automate Accounts Payable? Increased Efficiency and Speed One of the most immediate and noticeable accounts payable automation benefits is increased efficiency and speed in the AP department. This not only supports operational efficiency but fosters better collaboration within the team.

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Nanonets

FEBRUARY 1, 2024

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

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Outsourced Bookeeping

MARCH 14, 2024

The financial complexity of the business keeps increasing along with its growth and evolution. Accounts Payable process plays a key role in maintaining the financial health of the organization. One of the latest and emerging trends in the effective management of Accounts Payable is outsourcing.

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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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MineralTree

JANUARY 25, 2024

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. Automation will be the key to achieving efficient and productive financial operations, especially in AP functions. The post 7 Accounts Payable Trends in 2024 appeared first on MineralTree.

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Counto

FEBRUARY 4, 2024

Accounts Payable Process: Overcoming Common Challenges with Automation Managing your accounts payable (AP) process effectively is crucial for maintaining smooth financial operations and vendor relationships. Slow Processing: Manual paper-based processes slow down your accounts payable workflow considerably.

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Xero

MAY 15, 2024

This guest blog was written by the team at app partner, Airwallex. Paying bills today is a manual, time-consuming process for millions of businesses In speaking with customers, Airwallex learned that there are three key challenges you face when it comes to your accounts payable process.

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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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Counto

FEBRUARY 3, 2024

Accounts Payable vs. Accounts Receivable: What’s The Difference? In the world of business finance, managing your accounts payable (AP) and accounts receivable (AR) is vital for maintaining a healthy financial outlook. Monthly debt payments, however, are typically recorded under accounts payable.

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Nanonets

NOVEMBER 15, 2023

Switching to paperless  accounts payable  is intimidating. Based on the numbers, it is evident that a transition to a paperless accounts payable system is necessary. Could adopting a paperless accounts payable process be the solution? What are paperless accounts payable?

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Outsourced Bookeeping

JUNE 30, 2023

Businesses need a strong and dependable software solution to streamline their procedures and guarantee correct financial transactions when it comes to efficient and effective accounts payable administration. Data-driven decision-making and improved financial analysis are made possible by this connection.

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AvidXchange

OCTOBER 19, 2021

Success can be tricky to define, especially in financial functions including accounts payable (AP) departments. Accounts payable success is largely tied to hard numbers — invoices processed per month, cost per invoice, outstanding payments, turnover ratio, etc. But true success goes beyond the metrics.

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Compleatable

NOVEMBER 8, 2024

In today’s competitive world, businesses are constantly looking for ways to improve how they work, and accounts payable (AP) automation is a real game-changer. Think of AP automation as a way to take the manual, repetitive parts of your accounts payable process and make them happen smoothly, digitally, and automatically.

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AvidXchange

JULY 14, 2022

The credit union’s senior accountant was spending 60-75% of her time managing AP. A lot of our financial operations stemmed from the mid-eighties. READ THE BLOG The post Here’s How a Leading Credit Union Streamlined Accounts Payable Processes and Divorced Paper appeared first on AvidXchange.

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AvidXchange

MARCH 23, 2023

Data analytics is an important and evolving piece of the accounts payable (AP) process. Perry shares how he used data to streamline financial operations as a national controller for a major real estate firm. And if you want to clear a room at a party, you tell them you’ve written a book about accounts payable.

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Cevinio

OCTOBER 17, 2023

Introduction In the past years, the role of Accounts Payable (AP) has undergone a profound transformation. Once considered a back-office function primarily focused on processing invoices and making payments, AP has now emerged as a strategic business partner at the forefront of financial automation.

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MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). In this blog post, we’ll dive into the transformative world of AP technology to explore its role in modern financial operations and how it can help businesses save time and money.

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MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes. AP automation is crucial for modern finance teams to simplify payments and reduce manual steps associated with accounts payable.

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Outsourced Bookeeping

JULY 24, 2024

When asked about the benefits of outsourcing bookkeeping and accounting tasks, he provided a comprehensive perspective. If your accounting firm is considering outsourcing, this blog is for you. Today, we discuss the complete benefits of outsourcing bookkeeping and accounting tasks to help you move forward.

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AvidXchange

APRIL 18, 2023

Schools must invest in automation technology to help financial staff do more with less. In this piece, we’ll address five trends currently impacting K-12 schools and share how automating financial operations can help. Accounts payable (AP) automation allows your financial teams to pay bills in a similar, simplified fashion.

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Nanonets

NOVEMBER 20, 2023

In the ever-evolving landscape of financial operations, the heartbeat of every successful business is a streamlined and error-free invoice approval workflow. As companies navigate the complexities of accounts payable, the demand for efficiency, accuracy, and security has never been more critical.

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AvidXchange

OCTOBER 1, 2024

AvidXchange allowed Speedway Motorsports to make its accounts payable (AP) process more efficient across locations. • Creating an environment where your team can give constructive and respectful feedback can help you grow as a leader. And just prior to COVID was when we were looking at the accounts payable process.

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Nanonets

JANUARY 1, 2024

In this blog, we'll delve into what invoice audits entail and why they are crucial for the financial integrity of businesses. What is an Accounts Payable Audit?    An Account Payable Audit is a process by which the financial records of the accounts payable department are examined by an auditor.

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Counto

SEPTEMBER 24, 2024

How Bank Automation Can Enhance Payroll for Singapore’s Foreign-Owned SMEs Managing payroll effectively is crucial for foreign-owned SMEs operating in Singapore. This blog explores how adopting bank automation can revolutionise payroll management, making operations more efficient and reducing administrative burdens.

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Nanonets

SEPTEMBER 1, 2023

In Accounts Payable, the importance of vendor payment methods often goes unnoticed despite their substantial influence on the overall cash flow, efficiency of the AP team, and profit margins. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. . "The

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AvidXchange

AUGUST 28, 2023

Reduce Manual Work Accounts payable (AP) departments are often full of tedious manual tasks. Of the AP workers we surveyed, 78% said they welcome the use of modern technology in financial operations because it will allow their team to work more efficiently.

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Nanonets

JULY 18, 2023

The traditional approach to accounts payable can be time-consuming, error-prone, and resource-intensive, hindering the organization's ability to focus on strategic initiatives. In this blog, we delve into the benefits and features of advanced AP automation solutions, comparing their capabilities to traditional methods.

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Invoicera

AUGUST 6, 2023

Before getting straight to the solution, it is better to understand what Bills Payable are and the challenges in managing these payables. This blog post covers everything about bills payable and the solution to manage them efficiently. Conclusion Effective bills payable are crucial to running smooth financial operations.

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Counto

FEBRUARY 15, 2024

It serves as the backbone of your financial operations, dictating your ability to navigate day-to-day expenses and seize growth opportunities. Accounts Receivable: This represents the money owed to your business by customers for goods or services provided on credit. What is Working Capital?

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Invoicera

NOVEMBER 14, 2024

AP & AR management: Manage your Accounts Payable and Receivable with ease; track balances, send reminders, and reduce late payments to keep your cash flow healthy. Financial Reports: With detailed financial reports, you can make informed decisions backed by in-depth analytics to boost your bottom line. Explore it.

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AvidXchange

SEPTEMBER 4, 2024

| The Benefits of Invoice Management Software | How to Select Invoice Management Software Quality i nvoice management software is designed to streamline the approval process, track bills, and facilitate payments, significantly enhancing the efficiency of financial operations.

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AvidXchange

MAY 22, 2024

Accounts payable (AP) reporting allows companies to track and report business expenses and help maintain accurate financial records. This information can also help when negotiating potential partnerships and discounts with suppliers the company works with frequently. How is your accounts payable team using data analytics?

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Outsourced Bookeeping

MARCH 31, 2023

And they often fail to secure value today’s modern restaurant business in 2023 are fetching form restaurant accounting tweaks, techniques and optimizations. If you are a restaurant owner who is looking to improve your profitability by making relevant accounting optimizations then this blog is for you.

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Nanonets

SEPTEMBER 29, 2023

But bottom-performing organizations take a week or more, and this metric—the cycle time between receiving invoices and making payments—is reflective of how efficient a company’s Accounts Payable (AP) process is. Streamlining vendor payments is thus an important part of any business’ financial operations.

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AvidXchange

APRIL 18, 2023

We’ll also address how automating financial operations can help nonprofits stay on top of related challenges. Additionally, accounts payable (AP) automation software can help nonprofit financial departments map each donation’s journey through the business, easily generating reports for donors and board members.

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