Accounts payable (AP) and accounts receivable (AR) are two processes that need to be constantly tracked for the smooth functioning of any business. AP and AR are responsible for tracking a company’s cash flow and are critical as it indicates the financial health of the business. Efficiently managing and tracking AP and AR is of utmost importance not only to assess the overall company performance, but also to help decision makers to make critical business decisions.
Typically, AP/AR solutions is used to perform accounting and financial functions and range from single-entry apps for check writing and bookkeeping to advanced double-entry systems that offer features such as inventory, fixed assets, invoicing, and more. These solutions automate routine tasks, eliminate manual errors, keep books accurate, and provide timely notifications to avoid penalties among other benefits. While some AP/AR solutions focus solely on automation, there are many that include these capabilities as part of broader or more comprehensive accounting suites. Moreover, while some AP/AR solutions most often integrate with more comprehensive accounting and ERP platforms, they are billed strictly as an add-on to these broader platforms.
At this juncture, there are a wide variety of solutions and service providers entering the industry with a set of advanced accounts payable and receivable solutions offerings. To help companies navigate through the best-of-breed accounts payable and receivable solution providers, CFO Tech Outlook has compiled a list of ‘Top 10 Accounts Payable and Receivable Consulting/Service Companies in Europe – 2020.’ The enlisted organizations help significantly improve how businesses manage their invoicing and collection activities among other various advantages. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CFO Tech Outlook’s, “Top 10 Accounts Payable and Receivable Consulting/Service Companies in Europe – 2020.”