Top Accounts Payable and Receivable Solution Companies in UK - accounts-payable-and-receivable-europe Companies

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Top 5 Accounts Payable and Receivable Solution Companies in UK - 2021

In accounting, confusion sometimes arises when working between accounts payable vs accounts receivable. The two types of accounts are very similar in the way they are recorded. Still, it is essential to differentiate between accounts payable vs accounts receivable because one of them is an asset account, and the other is a liability account. Mixing the two up can result in a lack of balance in the accounting equation, which carries over into basic financial statements. Creating a fair balance of accounts and empowering businesses to make reliable financial decisions, account payables, and account receivables are the most critical processes in any productivity-oriented organisation. Additionally, with systematic accounts receivable and payable operations in place, one can efficiently manage the working capital and identify the key areas for fund savings.

In short, managing AR and AP is paramount to running a business. Monitoring and clearing them as and when they’re due ensures that the business does not suffer any cash flow problems. A business’s value is often determined by its accounts receivable-to-sales ratio, which essentially accounts receivables are divided by the number of sales. This value determines how many sales have not been completed because of outstanding and overdue invoices and helps banks and investors determine how easily they can collect payments from customers. This value helps the banks and investors to determine whether their business can operate smoothly without running into any cash crunch in the immediate future. To assist CIOs in choosing the right partner based on their organisational needs, a panel has assessed scores of Accounts Payable and Receivable Solution Providers in the UK at large and picked out a list of prime choices. We have considered the vendor’s ability to design and build promising solutions that cater to customer needs and the functional and productive value additions they offer to their clients.

We present to you CFO Tech Outlook’s “Top 5 Accounts Payable and Receivable Solution Providers in UK - 2021.”

    Top Accounts Payable and Receivable Solution Companies in UK

  • The company provides a holistic suite of AP automation solutions

  • Kefron


    Kefron simplifies document and information management for its customers. Notably, Kefron works to understand its customers business so that they can take the pain out of paper, enabling customers to focus on what matters to them. Its services range across the Document Life Cycle, including the latest cloud technology for document processing and invoice management, as well as services for confidential storage and destruction

  • Yooz


    Yooz unleashes the innovative power of individuals, finance teams, and organizations by freeing them from tedious, inefficient and costly manual tasks. Yooz provides a smart, powerful and easy-to-use cloud-based Purchase-to-Pay (P2P) automation solution. It delivers unmatched savings, speed and security with affordable zero-risk subscriptions to more than 4,000 customers and 200,000 users worldwide. Yooz’s unique solution leverages Artificial Intelligence and RPA technologies to deliver an amazing level of automation with extreme simplicity, traceability and end-to-end customizable features It integrates seamlessly with more than 250 financial systems, exceeding any other solution on the market

  • Cogent Consulting

    Cogent Consulting

    Cogent Consulting deliver process improvements and automation for SAP customers in procure to pay and order to cash. To achieve this Cogent uses a combination of market-leading software, expert SAP and business consulting and importantly its experience from supporting more than 40 SAP customers to realise significant benefits in their shared service centres. Its integrated SAP solutions include automated accounts payable invoice processing, einvoicing (A-iP), scanning and OCR, cash collection/dispute management, P-card transaction processing and HR document management

  • Documation Software

    Documation Software

    Built on a modular Enable platform, Documation Software can automate any document-centric process, work across departments, integrate with any business system and benefit any industry, regardless of scale or size