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Can you imagine needing to manually key in 60,000 paper-based invoices every year? 😭  Alberta-based Freson Bros. Fresh Market implemented Contexture AP Automation to automate invoice data capture, extraction, coding, validation, and approvals – and save their accounting team a ton of time. 👀  As a result, the regional grocer has been able to scale, add new stores, and increase the volume of invoices they process, without needing to hire additional AP clerks. https://lnkd.in/gCz6Mnjg #contexture #retail #apautomation #invoicemanagement #apworkflow #accountspayable #accounting #finance #einvoicing #cfo #controller #p2p #purchasetopayment #apsoftware #saas #ocr #accountingautomation #alberta #apmanager

Thrilled to reflect on my journey as an Accounts Payable Manager! 🚀 Managing the financial heartbeat of a company is not just a role; it's a commitment to precision, collaboration, and driving operational excellence. In the dynamic landscape of finance, AP is the backbone that ensures vendors are paid promptly, relationships are nurtured, and financial transparency is upheld. It's the art of balancing accuracy and efficiency, navigating through a myriad of invoices, and ensuring every financial transaction aligns with the company's goals. What makes being an AP Manager truly special is the opportunity to collaborate across departments. It's not just about numbers; it's about building bridges between finance, procurement, and other stakeholders. The intricate dance of communication and coordination to streamline processes, resolve discrepancies, and ensure compliance is what keeps the wheels of the organization turning smoothly. The sense of accomplishment when invoices are processed seamlessly, payments are made on time, and vendors appreciate the professionalism in every interaction is unparalleled. It's about turning challenges into opportunities, embracing technology to enhance efficiency, and constantly evolving in a field that is ever-changing. Moreover, being at the helm of AP provides a unique vantage point to contribute to strategic decision-making. Through data analysis and financial insights, an AP Manager plays a crucial role in shaping the financial health of the company, identifying trends, and recommending improvements. In essence, my love for being an Accounts Payable Manager stems from the fusion of meticulous attention to detail, the satisfaction of contributing to organizational success, and the joy of navigating the intricate web of finance with finesse. It's not just a job; it's a passion for fostering financial integrity, and I'm grateful for the opportunities it brings every day. Here's to the art and science of Accounts Payable! 📊💻 #AccountsPayable #FinanceLeadership #CareerJourney

The challenge of managing accounts payable can result in delayed payments, damaged vendor relationships, and financial disarray if not done well. 🚨💸 But let's face it, dealing with financial transactions is not a task for the faint of heart. It needs expertise, social grace, and courage to deal with various vendors for the company. If you're struggling with it, why not hire an Accounts Payable Specialist? An Accounts Payable Specialist is a financial problem solver. With their expertise, they bring clarity to your financial processes, ensuring timely payments, and safeguarding your financial health and relationships. Read more about the benefits of hiring an Accounts Payable Specialist in our latest blog. 📖✨

#hiring AP Specialist, Portland, United States, $60K, fulltime #jobs #jobseekers #careers $60K #Portlandjobs #Oregonjobs #Accounting Apply: https://lnkd.in/dHjjAknR At Pavilion, we embrace "BUILDING YOUR VISION." This translates to both building the physical assets our clients envision as well as building the careers of our employees. In joining Pavilion, you are joining a family of dedicated, hard-working professionals looking to advance their individual achievements in a forum where mentorship and achievement are rewarded with opportunity.Summary:Responsible for accounts payable and weekly vendor payment processing.Essential Duties and Responsibilities:May include the following but other duties may be assigned Accounts Payable for overhead and project general condition invoices: research, allocate, data entry, posting, payable inquiries, weekly payment processing, and review of monthly statements. Process recurring monthly overhead payables: health benefits, rents, vehicle loans & leases, employee cellular, fleet fuel, and printers/copiers. This includes maintaining any supplemental worksheets. Maintain accounts payable coding matrices. Research any outstanding vendor payments before being stale-dated. Weekly input of company credit card transactions. Process employee expense reports: review for accuracy, compliance to policy, and process in Viewpoint Accounting Software. Calling vendors for W-9's and compliance. Research and resolve invoice discrepancies and issues. Correspond with vendors and respond to inquiries. Back-up for front desk, as necessary. Back-up to Accounts Payable Lead, as necessary. Any other additional responsibilities as assigned.Supervisory Responsibilities:This job has no supervisory responsibilities but will be the go-to person for other team members to resolve minor issues.Competencies:To perform the job successfully, an individual should demonstrate the following competencies:Problem Solving and Initiative- Able to identify different ways of gathering information and is skillful at analyzing what is found.Oral Communication - Speaks clearly and persuasively in positive or negative situations; listen's and gets clarification; responds well to questions; demonstrates group presentation skills.Written Communication - Writes clearly and informatively; edit's work for spelling and grammar; varies writing style to meet needs; able to read and interpret written information.Teamwork - Balances team and individual responsibilities; gives and welcomes feedback; supports everyone's efforts to succeed.Organizational Support - Follows policies and procedures; completes accounting tasks correctly and on time; supports organization's goals and values.Planning/Organizing - Prioritizes and plans work activities; uses time efficiently.Dependability - Follows instructions, responds to management direction; keeps commitments; completes tasks on time or notifies appropriate person with a

3 Tips for Hiring an Accounts Payable Specialist - In order to drive your organization’s financial operations forward, it is important to hire a reliable accounts payable specialist. Here are 3 tips for hiring a reliable accounts payable specialist: https://hubs.li/Q02xyScN0

An accounts payable specialist requires a combination of technical, analytical, and soft skills to effectively manage a company's outgoing finances. Here are the key skills you should have: Technical Skills: Accounting Knowledge: Understanding of basic accounting principles and practices. Software Proficiency: Expertise in accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Excel. Data Entry: Accuracy in entering financial data and maintaining records. Reconciliation: Ability to reconcile accounts payable transactions. Invoice Processing: Competence in processing vendor invoices, including matching purchase orders and verifying terms. Regulatory Compliance: Knowledge of relevant financial regulations and compliance standards. Analytical Skills: Attention to Detail: Precision in handling financial records and transactions. Problem-Solving: Ability to identify discrepancies and resolve issues efficiently. Financial Analysis: Skill in analyzing financial statements and reports to support decision-making. Organizational Skills: Efficiently managing multiple tasks and deadlines. Soft Skills: Communication: Strong verbal and written communication skills for interacting with vendors and internal stakeholders. Teamwork: Ability to work collaboratively with other departments. Time Management: Prioritizing tasks to meet deadlines effectively. Customer Service: Professionalism in dealing with vendors and resolving their queries. Other Essential Skills: Negotiation: Ability to negotiate payment terms with vendors. Vendor Management: Building and maintaining positive relationships with vendors. Adaptability: Flexibility to adapt to changing financial processes and technologies. Confidentiality: Maintaining the confidentiality of financial information. These skills collectively enable an accounts payable specialist to manage the financial obligations of a company efficiently and ensure smooth financial operations.

What is MagiCapture? ✨ In this blog post we will tell you what MagiCapture is, who it's for and how it can help you improve your accounting department. #DynamicsGP #BusinessCentral #MicrosoftPartners 🔎 What is MagiCapture? MagiCapture by Fidesic is AI-powered optical character recognition software designed specifically for processing vendor invoices. This technology in commonly referred to as data capture or image capture technology. MagiCapture is the next evolution of invoice data capture. It works the way human data entry professional works. It can take any invoice that is legible to the human eye, whether the invoice is paper-based, PDF, email or other, and convert the image into editable digital data. MagiCapture automatically inputs data into the appropriate fields in your accounting software for faster invoice processing with fewer errors. 🔎 Who is MagiCapture for? MagiCapture was designed with accounts payable professionals in mind and was built to work inside Microsoft Dynamics GP and D365 Business Central. While MagiCapture can work for accounts payable pros in almost any industry, it is ideally suited for service-based organizations with multiple locations and/or entities. 🔎 How Can MagiCapture help Improve Corporate Accounting? Hiring accounting clerks in todays job market is proven to be difficult. The US Bureau of Labor Statistics shows a sharp decline in candidates for accounting clerk jobs. MagiCapture can replace the need for clerks in accounts payable. With advanced machine learning technology MagiCapture inputs 96% of invoices without ever needing a human touch point. All you have to do is approve, the software takes care of the, saving huge amounts of time and money. https://lnkd.in/gt9Vi4iM

This is really helpful , Thanks for posting Mohd Sabir Also explaining accounts payable in a simplified way 🤞🏻 When a company purchases goods on credit which needs to be paid back in a short period of time, it is known as Accounts Payable. It is treated as a liability and comes under the head 'current liabilities'. Accounts Payable is a short-term debt payment which needs to be paid to avoid default. #accounts #senioraccountant #accountspayable #liability #debt #jobseeker

If you are manually processing a growing number of vendor invoices or your current accounts payable process is too cumbersome, this can make AP a time-consuming and costly function. In fact, manually processed accounts payable is a notorious bottleneck for accoutning departments Here are a six reasons why manual AP managment is a drain on resources. *Sluggish and/or manual data entry *Too many data entry errors *Too many invoice exceptions *Sluggish Approval Process *Lost paper invoices *Lack of storage If you are experiencing any of these, you don't have to. We have six ways you can improve your healthcare accounts payable process. https://lnkd.in/g_XySSaY #accounting #dynamicsgp #businesscentral

#hiring Accounts Payable Coordinator, Minneapolis, United States, fulltime #jobs #jobseekers #careers #Minneapolisjobs #Minnesotajobs #Accounting Apply: https://lnkd.in/guRyx7KK Description:We are one of the largest commercial furnishing providers in the country, creating spaces that are engaging, inspiring, and perfectly tailored to our clients' needs and goals. Our clients range from small business owners to Fortune 500 corporations, healthcare, education, sports arenas and hospitality environments. A comprehensive menu of services includes asset and order management, facility, installation and space planning, and project management services.At Atmosphere we believe in providing the best possible service to our clients and constantly striving to provide the best possible work environment for our team members.PRIMARY FUNCTIONProcess vendor invoices and work with vendors, sales teams and customer service representatives as needed to resolve problems and maintain a positive cost-effective relationship with the vendor. Resolve issues that could delay billing to the customers or payments to the vendor. Maintain productivity standards for volume of invoices processed.PRINCIPLE DUTIES AND RESPONSIBILITIESReview and process vendor invoices for payment. Resolve discrepancies on invoices with team members in other departments. Determine if the vendor should be paid in full, or if further action needs to be taken in order to resolve the issue.Verify the accuracy of credit memo requests received. Resolve with originating internal team member if the form is incomplete or mathematically inaccurate. Process accordingly to ensure the customer receives all credits due.Review payment selection report weekly for vendor invoices entered incorrectly or checks that should not be cut. Print vendor checks, distribute for signatures, attach appropriate paperwork to the check, and mail to the vendors.Reconcile vendor statements monthly, involving the vendors' accounts receivable department when necessary.Balance the cost side customer orders monthly. Initiate & process adjustments as necessary to resolve discrepancies.Complete vendor credit applications, review terms and conditions, obtain approvals and return forms to the vendor.Maintain W9 files.Create accounts for new vendors.Back-up other accounting department team members, and accept other duties as assigned by the Accounts Payable/Invoicing Supervisor or Controller.Provide support and service to both internal and external customers in a professional, customer service-oriented manner.Participate in quality/continuous improvement activities within your individual job function, the accounting department and the company.While this job description accurately represents the current primary duties of the role, functions may be adapted as necessary to meet business need.CORE STRENGTHS/ATTRIBUTESCommunicates/Collaborates Effectively: Strong verbal