Next-Gen AP Automation

Next-Gen AP Automation
Deep Dive: How AI And Robotic Process Automation Push AP Into The Fast Lane
August 27, 2020

Legacy AP processes can be costly and cumbersome, and many businesses are finding that they can no longer deal with such frictions. Old-school processes’ strains are hitting firms harder than ever as economic difficulties slash budgets and encourage companies to more efficiently use employees’ time....

Next-Gen AP Automation
Why ‘Seamless’ And ‘Redundant’ Are The New AP Watchwords
August 26, 2020

If there's one big takeaway that has come out of the pandemic's impact on businesses' accounts payable operations, it’s that solely relying on manual, on-site processes can leave businesses flat-footed, TD Bank’s Neil McHugh says. In the Next-Gen AP Automation Tracker, McHugh explains corporates are...

Next-Gen AP Automation
TD Bank: Making AP Departments Digital And Resilient
August 25, 2020

Businesses are not anticipating a smooth return to normalcy, with 43.5 percent of treasurers saying in a global poll that they expect the economic recovery to follow a “W”-shape, rather than the much-hoped-for “V”-shape. Organizations that are adjusting their processes to meet the conditions imposed...

Next-Gen AP Automation
SMBs Embracing Cost-Effective AP Automation
July 13, 2020

It didn’t take people long to run out of bathroom tissue (apparently) and cash, among other things, after COVID-19 was confirmed. The blow to America’s small and medium-sized businesses (SMBs) and Main Street shops came practically overnight, and was utterly devastating. During the reopening and...

Next-Gen AP Automation
Deep Dive: How Utilizing AP Automation Tools Can Help SMBs Endure Financial Strains
July 10, 2020

Cash flow is king, especially for small- to medium-sized businesses (SMBs). These firms often have less funding than their larger counterparts, and this makes it critical that they operate as efficiently as possible and gain visibility into their working capital and expenses. These smaller players...

Next-Gen AP Automation
How AP Tools Help Small Fruit Importer-Exporters Grow
July 09, 2020

Fruit importers/exporters never know how much they’ll pay their growers or get paid by grocery stores until the produce hits the market. That means a rather pear-shaped cash flow if they rely on accounts payable (AP) tools that aren’t tailored to their unique needs, says...

Next-Gen AP Automation
New Report: Fixing The Global Fruit Supply Chain’s Broken Payments Problem
July 08, 2020

Small- to medium-sized businesses (SMBs) must often cope with slim operating margins and limited resources, and these two pressures make it essential that they closely monitor their cash flows. Doing so can help them determine if they have sufficient funds available to pursue investment opportunities...

Next-Gen AP Automation
Next-Gen AP Curing COVID Accounting Ills
June 24, 2020

The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore. AP automation’s...

Next-Gen AP Automation
Deep Dive: How FI-FinTech Partnerships Power Businesses’ AP Cost Savings
June 23, 2020

Businesses must purchase various supplies and services to power their operations, but they often find it challenging to manage vendor payments. Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment...