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% …
Invoice Management: 5 Ways to Improve for Dynamics GP
Invoice Management: Streamline Your AP Process in Microsoft Dynamics GP With the latest news that Microsoft Dynamics GP is going to be supported by Microsoft for at least the next 7 years, now is the time to start thinking about how to optimize your GP software. Invoice management automation is a simple way to increase …
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Get More Out of OCR
Optical character recognition software can drive efficiencies in multiple departments, but in most cases there are other pieces you need to get the most value out of your data extraction technology. We are experts in accounts payable automation, so we will be mostly focused on optical character recognition for PDF and paper invoices. However, this …
Latest News on the Future of Microsoft Dynamics GP
Microsoft adopted a cloud-first model several years ago. Since then, they have released a barrage of new cloud products from collaboration and productivity suites like Teams and Office 365, to enterprise resource management like their Dynamics 365 offerings. With this major change, customers and partners have been wondering how long they can expect Microsoft Dynamics …
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Accounts Payable Automation for Multi Entity Management
What is Accounts Payable Automation for Multi Entity Management? For CFO's and other financial executives with multiple financial entities under a single umbrella multi-entity accounting software enables automated processes to improve accuracy and efficiency of accounting across entities--whether various departments or lines of business within a holding company, franchising organization or conglomerate. Particularly for companies …
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What Does Accounts Payable Mean?
What does Accounts Payable (AP) Mean? The phrase Accounts Payable means the money a business owes to its vendors for supplies, utilities and other goods and services. Accounts Payable refers to short term debts. It doesn’t include notes payable liabilities which include long-term debts like business loans for startup costs, equipment financing and more. The phrase …
Invoice Automation: Understanding How It Works
What is Invoice Automation? Invoice processing automation is technology used by businesses to pay their vendor invoices efficiently and streamline the entire accounts payable process. This technology extracts data from invoices, enters data into accounting software, routes invoices and payments for approval and posts the payment into the general ledger. Invoice automation solutions typically use …
