MineralTree

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal.

AP is the top digitization priority in the back office for finance teams in 2023 because it addresses four of the biggest challenges they face.

AP automation enables companies to significantly shorten the invoice-to-payment cycle, pay vendors more quickly, and strengthen critical supplier relationships.

MineralTree TotalAP supports the full invoice-to-pay cycle, from automated capture and approval of foreign-currency invoices to execution of international payments in 130 different currencies.

This year’s State of AP Report also looks at the growth of ePayments, and the disconnect between buyers and suppliers regarding adoption.

People are more likely to embrace new technology if there’s something in it for them. Play up the ways automation will make the AP team’s work easier and ...

Many accounting and finance professionals are living a double life. A new survey shows that professionals who work with accounts payable processes are far more likely to use electronic bill payment options for their personal finances than at work.

Also known as “CEO fraud,” this type of scam is surprisingly easy for criminals to pull off with just a little social engineering and a rudimentary knowledge of technology. But there’s good news – simple accounting controls can go a long way in ...