Benefits of OCR Technology in Accounts Payable
For businesses, the Accounts Payable (AP) department manages business data, transactions and records through a manual process. With difficulty in controlling processes and structures, data duplications, human errors and loss of documents could add up to more work for the AP department. This means that the accounts payable department experiences a variety of challenges that […]
Using Big Data for Better HR Recruitment and Planning
Big data is the most important resource for HR professionals; it gives them the opportunity to make evidence-based decisions that correlate with the overall strategy of an organization. HR analytics is about examining data to identify patterns in employee behavior, determine facts that HR teams are not aware of, and to predict recruitment and retention […]
Best Ways to Optimize your Accounts Payable Processes
Making improvements to your AP process can be challenging. Following are a few simple and tangible ways to streamline your process and see positive results. Spot Inefficiencies in your AP Process Normally, accounts payable process involves a number of approvals, authentications, and orders, making it lengthy, error-prone and costly process. So, the first step is […]