Watch this video to hear from Charlotte Line – Financial Controller at Unipart Group talk about how the Accounts Payable department improved prompt payment and ledger accuracy using Statement-Matching.com.
Continue ReadingThe use of technology frees up staff to carry out work that requires human input. Cloud-based accounting platforms mean that software can do more of the ‘heavy lifting’ for tasks such as data entry and reconciliations. This enables accounts teams to provide more value-added services. We talk to CompareTheCloud.net about automating supplier statement reconciliation through […]
Continue ReadingCash is the lifeblood of an enterprise and a strong cash flow is essential for smooth business operation and an indicator of its financial health. We talk to AccountingWEB about how automated supplier statement reconciliation can help to improve cash flow. The article is available to read here: Improving cash flow visibility
Continue ReadingWatch this video to hear from Anne Oglesby – Accounts Payable Manager at Sheridan Productions talk about the business benefits of automation supplier statement reconciliation.
Continue ReadingAccounts Payable News (APN) has launched its guide to Purchase to Pay (P2P), looking at the latest news and developments. We discuss the benefits of automating the supplier account in an article on page 13. The complete report is available to download here: P2P Insights e-book
Continue ReadingWe commissioned APN to undertake research on our behalf, with the aim of exploring the key areas of supplier interaction and AP processes, and uncovering trends and current practices. The results were interesting. For example, 43% of organisations would reconcile all their supplier accounts if they had unlimited time, while 16% would just focus on their […]
Continue Reading“Although we are not seeing a wholesale migration of core ERP [enterprise resource planning] financial applications to the cloud, we are witnessing CFOs dipping their toes in the water by trying out bolt-on financial applications for specific processes, such as supplier statement reconciliation.” ComputerWeekly.com discusses how CFOs in Europe are recognising the benefits that cloud-based […]
Continue ReadingCloud based software has transformed the technology profile of many organisations. In particular it can provide access to tools and services that have previously been out of reach for reasons including cost, long contracts with third party suppliers or the need for specialist resource if run in-house. We talk to Fresh Business Thinking about how […]
Continue ReadingMost organisations have to reconcile supplier accounts as part of their audit processes. This ensures that supplier balances are accurate for financial reporting and profits are maximised by ensuring no credit notes are missing or invoices duplicated. In principle, the process for reconciling supplier accounts is very straightforward. But in practice it is time-consuming for […]
Continue ReadingIn-House AP Audit Capabilities This article is to discuss to what extent Accounts Payable departments are able to perform AP Audit processes. We would be interested to hear your comments. Accounts Payable have enough on their plate with the day-to-day activities required to process invoices through to payment. Accounts Payable has varying degrees of automation […]
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