AP Automation for Healthcare - Dynamics GP Success Story
First Atlantic Healthcare operates 19 Long-Term Care and Health Services facilities in Maine. Their mission is to improve their clients’ lives through health services. Like many businesses, First Atlantic accelerated digitalization plans when the COVID-19 pandemic struck, but the company’s manual accounts payable process was creating headaches well before the pandemic. With new demands for …
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How to Make Next Audit Season Easier
With summer just getting started, you are probably ready to unwind and unplug for you next big vacation, but before you go into "vacation mode" this summer, consider these steps to make your financial audit season easier next year. Implementing a few AP Audit Readiness best practices now will help reduce the strain of AP …
5 Accounts Payable Trends in 2022
Here are are five 2022 trends in payables to watch, inspired by a recent report from the Accounts Payable Association. 1. AP Integration for Collaboration The more solutions that are integrated into a central business management solution, the better business leaders can improve collaboration between their various business units, including procurement, manufacturing, warehousing and overall …
Infographic: Trends in Payments Fraud
Payments fraud incidents decreased in 2021 according to the latest survey results from the Association for Financial Professionals and JP Morgan, but the threat still affects most businesses who responded to the survey. Email scams were the most common method used to defraud businesses and Accounts Payable Departments were the primary target. See Our Full …
AP for Automotive Services - Dynamics GP Success Story
Mammoth Holdings is a national car wash company which has grown from 8 locations to 65 in just three years. Mammoth was looking to merge its accounting team and its operations team into a single system. Their Accounts Payable department relied heavily on manual processes, but with rapid growth, these processes proved to be unsustainable. …
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Digital Transformation Trends
About 93% of business leaders said they are undergoing a digital transformation within their accounting processes or are planning to within the next year, according to a PYMNTS.com survey. The survey also said about half of respondents are digitizing payments processing. “CFOs view three specific payments-related operations as immediate priorities, meaning significant shares of …
Making Accounts Payable in Dynamics GP Work Better
How Invoice Automation is Critical to Making End-to-End Accounts Payable Processes Work Better There’s more to accounts payable than processing invoices, but invoice processing gets so much attention because it’s requires so much effort when it’s done manually. But in the last 20 years, especially the last 10 years, improvements in automation technology have been …
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New Years Resolutions for Accounts Payable in GP
Gartner predicts Software-as-a-Service spending will continue to increase this year by about 18% and the SaaS market will grow more than $26 billion over the next 12 months. Whether you have outgrown the out-of-box functionality of Microsoft Dynamics GP or you are investing in new infrastructure for future growth, optimizing Accounts Payable efficiency is a great …
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Automating Payments Even with Paper Checks
Despite recent rapid digitization efforts in the last two years, paper checks are still a primary payment method for businesses. While there are benefits to using paper checks, each business has its own reasons for continuing to issue or accept paper checks. “The U.S. economy is vast and diverse, and while digitization has been a …
Top Reasons to Digitize Payments
Digital transformation in accounting is surging ahead as more than 92% of CFOs surveyed are currently undergoing a digitization effort in their accounting processes, and another three percent are planning some form of DX, according to a survey from Pymnts.com Why Digitize? When asked why they are digitizing their processes, CFOs were fairly evenly split. About 57% …
