Many businesses rely on manual accounts payable and accounts receivable processes, which lead to slow, error-prone accounting that increases fraud risk. This can result in cash flow consequences, impacting both sides of the ledger. The PYMNTS Intelligence report “Why Automating Both AR and AP Is...
There are two sides to any commercial transaction. Within B2B, buyers and suppliers find one another and agree on terms, funds flow, and accounts payable and receivable departments interact. On that last point, where back-end offices trade payments and invoices, the traditional way of doing...
Accounts payable (AP) may not always grab headlines, but its evolution is critical to business success. However, embracing the digital evolution of back-office cost centers is often easier said than done. Many AP teams, even in the 21st century, still find themselves at a standstill...
Esker now enables the real-time integration of its Esker Accounts Payable with two Microsoft cloud-enabled enterprise resource planning (ERP) systems. The integration with Microsoft Dynamics 365 Finance and Microsoft Dynamics 365 Business Central is enabled by an expansion of Esker’s Connectivity Suite, the provider of...
Nearly every business pain point, over a long enough horizon, can be mitigated or solved. The good news today is that those horizons are only getting shorter. And as businesses continue to embrace automation, the accounts payable (AP) function is emerging as a new frontier...
As businesses adapt to a digital environment, many accounts payable (AP) departments are still using outdated practices. With rising business-to-business (B2B) payment volumes and cumbersome manual systems still in place, companies are prioritizing AP automation. A PYMNTS Intelligence report, “Automating Accounts Payable for Cost Savings,”...
Accounts payable (AP) remains a pain point for businesses of all sizes, particularly those that still rely on legacy methods like checks. The adoption of embedded payments presents an opportunity to transform AP, enhancing efficiency and security while addressing ongoing challenges. A PYMNTS Intelligence report,...
Manual accounts payable (AP) operations can cost firms more than they might think. And the complexity of enterprise AP programs presents a challenge for businesses, particularly as many companies face growing transaction volumes without a corresponding ability to expand staff. “It’s a serious problem within...
There’s a time and a place for doing things by hand. But as the first quarter of the 21st century comes to a close, that time and place shouldn’t be a firm’s back office. Yet from tedious invoice processing to fragmented financial tech stacks, the...
