Tipalti

Brianna Blaney

About Brianna Blaney

Brianna Blaney began her career in Boston as a fintech writer for a major corporation. She later progressed to digital media marketing with various finance platforms in San Francisco.

She prides herself on reverse-engineering the logistics of successful content management strategies and implementing techniques that are centered around people (not campaigns).

In her spare time, she’s a self-proclaimed chef, lives in the middle of the woods, and has a frequent flyer card for birdseed and dog bones.

System Sandbox NetSuite

NetSuite Sandbox is a test account that creates a precise replica of a company’s operational environment to configure business management software. On this platform, all users are permitted to make any changes, which will appear similar to the modifications of your actual database. However, external transactions, like payments and emails, will not be processed.

ePayables

ePayables is an electronic payment solution that replaces your check payments with a virtual card assigned to each vendor. When an invoice is received and approved, the AP department sends an EFT (electronic file transfer) to the bank indicating the disbursement amount for each card.

EDI 820

An EDI 820 is an electronic exchange of payment and remittance advice between trading partners. It enables companies to streamline the supply chain process and eliminates the need to send paper documents. As part of invoice workflow management, EDI 820 automation submits data directly into the receivable system and keeps the cost of business down.

Accounts Payable Best Practices

Successful companies are always looking for ways to optimize internal processes, including accounts payable. No matter the size of your business, there will always be the need to pay bills.

Thus, it’s in your best interest to understand and update your accounts payable best practices on a regular basis. Here are a few tips and tricks to get you there:

Treasury Management Systems, TMS

A treasury management system (TMS) helps to automate the back office of a company’s business obligations and financial operations. This typically involves enterprise software that automates manual and repetitive financial transactions.

Payment Service Provider

A payment service provider makes it possible for merchants to set up ecommerce and accept online payments. They offer shops a payment solution for accepting electronic payments by a variety of methods, including: