The Corcentric Blog

NOVEMBER 21, 2023

How to Improve Your AP Turnover Ratio and Strengthen Your Relationship with Suppliers We all strive to have healthy relationships, and for a company, how good or bad a relationship is with its suppliers is dependent on how financially healthy the business is. As previously mentioned, accounts payable turnover ratio is a liquidity ratio.

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Your Virtual Credit Manager

NOVEMBER 28, 2023

Payments to all your other suppliers can be a bit of a challenge if you don’t have an automated Accounts Payable (AP) operation. Help from Automation: The reporting features of Collection Software and Electronic Invoice Presentment and Payment (EIPP) platforms provide valuable visibility into your customer payment patterns.

Cash Forecasting 130

Cash Forecasting Credit and Collections Accounts Receivable (AR) Invoice Disputes 130

Your Virtual Credit Manager

MARCH 5, 2024

However, many Accounts Payable (AP) staffers prefer emails because they can address them as their schedule permits and avoid a productivity-decreasing interruption. If the AP clerk, won’t help you, talk to the controller. Automate the production and delivery of collection e-mails. it just might help them pay you sooner!

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Past Due Invoices Credit and Collections Collector Accounts Receivable (AR) 100

The Corcentric Blog

FEBRUARY 23, 2023

Ten best practices that every AP department must focus on, including AP automation, KPIs, standardized payment terms, and supplier relationship management.

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The Esker Blog

FEBRUARY 20, 2023

By automating every step of the process and providing transparency to the stakeholders along the way, they offer the scalability, agility, and flexibility necessary to get through rough economic conditions. The process of choosing an automation solution is not simple, nor is it made for the short-term. Why do customers choose us?

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SAP Credit Management

FEBRUARY 2, 2023

These innovations are released as part of our SAP S/4HANA Cloud, public edition 2302 shipment for SAP Build Process Automation using “ SAP Build Process Automation Bot Store “. In this blog, we will expand on the new capabilities with SAP Build Process Automation.

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Dashboards Transactions 145

Accounting Department

JUNE 8, 2023

Imagine having the ability to scale accounts payables (AP) operations for your e-commerce business, with the same amount of staff, or even less. With Tipalti's AP automation technology, businesses can do just that and accelerate their AP processes across the board.

Small Businesses 70

Small Businesses 70

Serrala

MAY 15, 2023

Calculator AP nv Mon, 05/15/2023 - 18:14 Calculate your AP Automation ROI Discover potential cost and time savings with the Serrala AP Automation Savings Calculator AP Automation solutions streamline workflows, reduce error-prone manual work, prevent fraud, and increase controls over outbound cash flows.

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Due

NOVEMBER 26, 2023

It sends automated reminders while cataloging transaction history. Managing Accounts Receivable and Payable The difference between AR and AP to cash inflows and outflows, respectively, is ownership. AP is the opposite, and it refers to outstanding debts you owe others, such as a loan. This might look like an unpaid invoice.

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Transactions Small Businesses 105

SAP Credit Management

SEPTEMBER 11, 2023

Automated change management is crucial to overcome the challenges. Automated change management provides the structure to manage SAP change across multiple SAP environments and systems. Automated change management provides the structure to manage SAP change across multiple SAP environments and systems.

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Your Virtual Credit Manager

DECEMBER 19, 2023

Also, make sure you are speaking with a person who has the authority to issue payment, not just an AP clerk. Electronic payments are now used more than checks for B2B transactions, and AP automation is driving the conversion to electronic invoicing processes.

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DSO Third Party Collections Credit and Collections Deductions 130

Emagia

NOVEMBER 28, 2023

The terms autonomous and automated or automation increasingly have been used in the landscape of financial management – oftentimes interchangeably. Meanwhile, McKinsey predicts almost half (45%) of business activities tasks could be automated… with the right technologies.

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Accounts Receivable (AR) Bad Debt Order to Cash 64

SAP Credit Management

FEBRUARY 1, 2023

下面让我们看一看在 SAP S/4HANA Cloud （公共版） 2302 版本中有哪些智能技术相关的创新。 SAP Build Process Automation 自 8 月上一版本起，我们持续更新了 S AP Build Process Automation中的诸多功能，例如云工厂组件中新的Google Chrome 和 Microsoft Edge 的扩展支持、流程 API 触发器、录屏工具的增强等新功能。另外也对 SDK 包中 BAPI 的操作组、Microsoft 365 Cloud SDK的提供了功能增强。 我们在机器人商店中为您提供了两倍以上的流程自动化机器人模板，从 S AP Build Process Automation产品发布至今，我们已陆续发布了超过 400 个机器人代码。 (..)

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SAP Credit Management

SEPTEMBER 1, 2023

Automated Invoice Settlement (2LH)”; more than one link is possible). In the example above (a Cloud Solution Component Diagram with Solution Capabilities for “Sourcing and Procurement”) the Solution Capability from SAP S/4HANA Cloud “Supplier Invoice Processing (S/4 CLD)” is referenced to the Related SAP S/4HANA Best Practices (e.g.,

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Invoice to Cash 191

Plooto

NOVEMBER 14, 2022

Thank you for choosing Plooto for your AP/AR automation needs. Plooto’s payment processing features have helped many accounting firms like yours automate their payment processing , cut costs, and save time for themselves and their clients.

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The Esker Blog

DECEMBER 29, 2022

Now, in Part 2, we explore the influence and impact of AI-driven automation within accounts receivable (AR), how to spot a best-in-class solution, and how they benefit stakeholders throughout your company. Why AR automation? Suppliers — Improving the AR process makes things easier on your customers’ AP teams as well (i.e.,

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AR Automation Accounts Receivable (AR) Cash Forecasting Credit and Collections 98

Plooto

JANUARY 16, 2023

Thank you for choosing Plooto for your AP/AR automation needs. Plooto’s payment processing features have helped many businesses like yours streamline their credit card processing , cut costs, and save time.

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AR Automation 98

Lockstep

NOVEMBER 8, 2022

Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables.

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AR Automation Accounts Receivable (AR) Automated Cash Application Credit and Collections 120

SAP Credit Management

AUGUST 8, 2023

SAP Build Process Automation enables rapid automation of business processes. Once Supplier invoice from SAP Ariba are available in SAP S/4HANA Cloud Public edition, SAP Build Process automation takes over, effortlessly handling multiple status requests from suppliers.

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Transactions 160

Your Virtual Credit Manager

MAY 30, 2023

Most of your customers now prefer receiving e-invoices that can be readily captured by their Accounts Payable (AP) systems, and many will use an AP invoice portal to facilitate this. Include a self-service payment link on the invoice or cover email: Not all your customers will be enterprises with AP systems geared to e-invoices.

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Electronic Funds Transfer Credit and Collections Vendor Portals Order to Cash 130

NorthOne

MAY 2, 2023

Some accounts payable (AP) departments have struggled with manual, paper-based accounting processes that limit visibility and increase the risk of fraud. Despite the potential benefits of automating end-to-end invoice processing, many finance executives remain hesitant to embrace new technologies like automated invoice processing.

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Transactions Dashboards Small Businesses 52

SAP Credit Management

JANUARY 23, 2023

Advanced Valuations: Discounting for Long-Term Assets and Liabilities Understand how to realize IFRS9, IFRS15 and IAS37 requirements in SAP S/4HANA Cloud, public edition, and how the system is connected with AP, AR and GL Accounting.

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Plooto

FEBRUARY 23, 2024

When it comes to accounting, accounts payable(AP) automation emerges as a vital tool for enhancing accuracy and efficiency.

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Lockstep

JANUARY 4, 2023

If you manage accounts receivable (AR) and accounts payable (AP) for your business, you know how important it is to have a system in place to keep track of all incoming and outgoing payments. A shared accounting inbox can be a great way to do this, as it allows both AR and AP managers to see all payments in one place.

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SAP Credit Management

FEBRUARY 9, 2023

S AP S/4HANA Cloud（公共版）2302 版本中更新的SAP Build Process Automation机器人模板, 更多信息请参考 英文原文 Blog 作者Hardeep Tulsi SAP Build Process Automation内置机器人商店目前提供了数百个预构建的流程内容包、包括了 400 多个免费的 R PA 机器人和连接器，专门用于增强 SAP 应用程序 , 例如 SAP S/4HANA Cloud（公共版）、SAP Ariba、SAP SuccessFactors 等业务流程的自动化。 您可以快速的配置启动这些机器人模板，在 SAP S/4HANA Cloud 中自动执行各种日常任务。例如，自动识别和读取带有附件的电子邮件，通过预先训练的模型，机器人可以判断需要提取的数据以在 (..)

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apruve

AUGUST 15, 2022

This Accounts Payable (AP) function is essential for helping businesses manage budgets and cash flow to optimize enterprise spending and investing. More than half (57%) of accounting and financial professionals say their biggest AP challenge this year is the slow pace of invoice approvals. What is Invoice Processing?

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Accounts Receivable (AR) 52

Plooto

OCTOBER 17, 2022

Don’t be late — the future of accounts payable (AP) has already started! Innovative use of technology and openness to automate archaic manual processes define today’s successful AP departments. AP automation is no longer a luxury: it’s a necessity.

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billtrust

JANUARY 11, 2023

In January of 2022, Billtrust was the overall leader in accounts receivable automation software. We were named overall leader in the G2 Grid® Report for Accounts Receivable Automation Software for Winter 2022. G2 Grid® for Accounts Receivable Automation Software. Billtrust is the original innovator in the AR automation space.

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AR Automation Order to Cash Collector Cash Applicator 52

billtrust

FEBRUARY 13, 2023

Unrelenting interest rate hikes from the US Federal Reserve have persistently increased the costs of borrowing – making it critical to automate your systems, reduce your cycle times, and get paid faster. Automated AR processes reduce costs and improve cash flow. At the end of 2022, I made the decision to join Billtrust.

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The Corcentric Blog

JUNE 27, 2023

Accounts Receivable automation has been increasingly adopted by businesses as a way to streamline their financial processes and optimise their cash flow. Many similar technologies are already in use for accounts payable (AP) departments, such as algorithms and AI to automate the processing of invoices received.

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AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Plooto

JUNE 27, 2023

Increasing digitization and automation have helped firms become more efficient and more profitable. This phenomenon can also be found in our accounts payable (AP) and accounts receivable (AR) processes. As the world becomes more digital, organizations must keep up with the rapid pace of technological advancement.

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Accounts Receivable (AR) 52

Your Virtual Credit Manager

APRIL 9, 2024

Many companies look for discount opportunities as a way to make their AP departments a profit center, so offering early pay discounts can help improve your cash flow and reduce your financing needs. Offer Early Payment Discounts: Incentivize customers to pay early by offering discounts for early payment.

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Credit and Collections Accounts Receivable (AR) Credit Card Payments Collections Automation 130

Your Virtual Credit Manager

MAY 9, 2023

Payments to all your other suppliers can be difficult if you don’t have an automated Accounts Payable (AP) operation. These automated solutions can save you a lot of time compiling your forecast. That’s where the time-saving and increased accuracy of an automated solution comes into play.

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Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130

Your Virtual Credit Manager

MARCH 12, 2024

The Hackett Group’s data shows that world-class finance organizations, which exhibit higher automation levels, spend 64 percent less on the customer-to-cash process as a percentage of revenue and employ 66 percent fewer staff than typical organizations.

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AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Other firms often pay slower just because their AP staff and the invoice approval authorities are on holiday or taking vacation time, which causes delays in the Accounts Payable (AP) process. To be efficient, this process should be automated as much as possible. GM and GE were known to do that.

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Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Emagia

APRIL 23, 2023

Business can automate their accounts payable procedures and precisely record financial transactions because of this technique. Accounts Payable departments can anticipate that invoice processing will advance by becoming more automated with the implementation of AI and machine learning.

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Order to Cash Transactions Small Businesses 52

Emagia

JULY 3, 2023

By automating and improving the process of matching incoming payments with open invoices, automated cash application software has completely changed how firms handle their cash flow. Consider using cash application software and AR automation to simplify this procedure and reduce manual labor.

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Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 52