Accounts Payable Automation Software Resources

Articles, Discussions, Topics, and Reports to expand your knowledge on Accounts Payable Automation Software

Resource pages are designed to give you a cross-section of information we have on specific categories. You'll find articles from our experts, discussions from users like you, topics to contrast viewpoints, and reports from industry data.

Contents

Accounts Payable Automation Software Articles

How to Calculate Cost of Goods Sold (COGS): A Complete Guide

Understanding your costs is essential for sustaining profitability in manufacturing.

by Devin Pickell

History of Accounting: How It's Evolved Over the Years

There’s a good chance you’ve never covered this in your accounting classes.

by Rob Browne

Accounts Payable Specialist Certification: Helping Enrich G2's Accounting Categories

I recently completed an accounts payable (AP) specialist certification course offered by the Institute of Finance & Management (IOFM). I'm sharing why I chose this certification, what the course entailed, and how I can better serve G2 buyers and vendors with it.

by Nathan Calabrese

Accounts Payable Automation Software Discussions

Question on: Stampli

Is Billy going to evolve over time? Right now I am splitting G/L codes for almost every invoice.

If Billy were to evolve, he would be able to read the base price on invoices then the tax or shipping fees and assign those G/L codes as well. Also, I noticed that if an invoice has a (-) or letters in the middle of the number, Billy won't pick up the invoice number correctly. That would be great if those things were to be worked out.

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Yes

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Answered: Vaibhav Pradhan on October 18, 2022

Hi Kari, Thanks for the question. We have something called "table templates" for multi-line items, including the ability to have multiple GL codes which may help you address your tax and shipping fee coding. Our Customer Success Manager will reach out to you with more details. Have a great day! Jeanney

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Answered: Jeanney Kim on September 5, 2019

That would be great! I look forward to working with them. Thanks Kari

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Answered: Kari Sroka on June 2, 2020

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Answered: Lisa Susan on March 10, 2022

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Answered: Maria Gabriella on March 10, 2022

Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too. I initially lost $604000 in just three months from Cryptoallday and a couple of others. I contacted the authorities and they referred me to Scams Rescue who helped me recover all my funds within 2 days. I'm speaking up to improve awareness of these cryptocurrency thieves and help as much as i can to reduce victims to the bearest minimum. If you have been a victim, Simply contact kelvinbrown7532@gmail.com

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Answered: King James on March 10, 2022

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Question on: SAP Concur

What is SAP Concur used for?

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Concur is used for logging and submitting expenses, travel, mileage, etc.

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Answered: Jessica Martin on November 9, 2023

Customers may manage their travel and expenses with Concur a SAP SaaS solution. Through the installation of an ABAP add-on in the onsite SAP ERP system, Concur interfaces with SAP on-premise solutions with ease.

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Answered: Yawer Alii Khan on January 16, 2024

SAP Concur is used for travel and expanse management. It's integrated online expanse management platform

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Answered: Vaibhav Pawar on August 22, 2024

SAP Concur is a tool that helps businesses manage travel and expenses in a simple, organized way. Instead of dealing with piles of receipts and manual reports, employees can book trips, track costs, and submit expenses all in one place. It makes the process faster, reduces mistakes, and gives companies a clear view of where money is being spent—saving time and helping control costs.

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Answered: Theo Potouroglou on January 9, 2026

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Question on: OpenEnvoy

What is OpenEnvoy used for?

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OpenEnvoy primarily functions as a technology for automating the Accounts Payables process, and in some specific cases, Accounts Receivable. It intercepts invoices and their corresponding supporting evidence from various sources such as email, shared drives, databases, and EDI. The data is then digitized, structured, and deduplicated. Several checks are performed during this process, including deduplication at the line item level, fraud detection, and classification of every field. A natural language processing step is also included to translate and structure complex descriptive text. Once the data processing step, known as "Extraction," is complete (usually within 1 second), the system conducts a full financial audit, also referred to as reconciliation or n-way match. This involves comparing every element of the invoice with downstream delivery information (such as warehouse receipts, bill of lading, and customs information) and upstream contractual documentation (such as contracts, quotes, and purchase orders). The purpose is to ensure that, in the case of a manufacturer, the customer received the exact product, quantity, and agreed-upon price in real-time. This comprehensive audit of the spend typically takes around 3 seconds, which is significantly faster and cheaper than traditional methods used by major auditing firms. Once the matching process is complete, various actions such as accruals, "OK to Pay" approvals, and credit memos are synchronized with the ERP/payment platform. The entire process is designed to be 100% touchless, except in cases where an approval is required for compliance purposes or when fraud/over-billing is detected during the matching process. Unlike other solutions on the market, there are no manual correction interfaces, templates, or vendor onboarding as it’s 100% accurate (SLA'd) without any upfront training. On average, OpenEnvoy pays for itself within a couple of months. Also, it used to be quite difficult to implement, but that’s no longer the case as the time to initial value is one week.

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Answered: Matthew Tillman on October 3, 2023

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