The last few months have been exciting here at Accrualify. We have lots of positive things happening and will be making more announcements around them in the near future. The most exciting announcement is that we have raised $3.2 million in Series A funding with our new investor, Aligned Partners.

In previous posts, we’ve discussed how to create your list of “must-have” features, as well as how to consider the needs of your vendors. Before selecting an accounts payable automation solution provider, there is one final thing to figure out: what data are you currently missing?

A prospective customer asked me a question that was simple but complex to answer. I normally have an answer right away, however this question required a response greater than a couple of sentences. The question was, “Why does a company need a purchase order (‘PO’) system? Many startups seem to be functioning fine without a PO process, so why should I even consider a purchase order management software?”

SAN MATEO, Calif., July 9, 2020 – Accrualify, Inc., a spend management and AP automation company, announced today their partnership with Visa to deliver its Corporate Card Module. This partnership was made possible through Accrualify’s participation in Visa’s Fintech Fast Track Program.

Responding to the need for a modern, scalable purchasing experience within the fast-growing life science industry, ZAGENO and Accrualify have partnered to support biotechs that require easy access to the tens of millions of products within the ZAGENO marketplace with the enterprise-class purchasing workflows from Accrualify.

Demand for spend management/procurement solutions is at an all time high. Organizations are looking to automate processes and implement controls that allow administrators to ensure there isn’t any rogue spend.

Adopting an AI-powered AP solution is likely more cost-effective than you may think. The right tools can also lead to increased efficiencies, happier employees, and stronger vendor relationships. While there is no “one size fits all” solution for AP automation, your AP pain points should drive your search.

Today’s topic is one that seems to resonate with all of our customers and with any company that manages more than a handful of vendors. Once your organization starts doing business with 10+ vendors, vendor-management could become very manual and more complex.

It’s no secret that the role of the finance department within companies is evolving. ‍A simple Google search will bring up a plethora of articles dissecting how the finance organization is no longer confined to the back office crunching numbers.

If you’ve been wondering if it’s time for your organization to invest in an AP automation solution, here are 10 definitive signs that you should.

Whether a company wants to control the vendor relationship or wants to outsource the AP function, having an invoice automation software is instrumental in the growth of that company.

Accounting automation software — Why Accrualify sets out to automate the whole procure-to-pay process, including accruals.

Accrual based accounting is widely used among various organizations large and small. However, it’s well-known to be time consuming and has plenty of room for error. Accrualify is aiming to change all of that by automating these time intensive processes.