Seo Team

A less effective and poorly guarded accounts payable system can be quite susceptible to getting misused by someone in the organization, planning to commit some financial fraud. And, if this goes unchecked by the AP department for some time, then it can lead to some significant economic issues for the business. Accounts payable fraud is innumerable and mostly takes place ...

Businesses don’t take a chance when it comes to closing the deals and increasing revenue. Traditional paper-based contract signing is one of the major factors that is slowing down business processes; so businesses are taking required steps to reduce paper by digitizing paper-intensive procedures. Eliminating paper in business processes offers benefits such as reducing costs, increasing revenue, and enhancing productivity ...

Most of the times, organizations will end-up paying to suppliers that don’t exist. The accounts payable team receives an invoice for goods never purchased. While another executive purchases IT equipment with company funds and gains profit out of it. Yes, there are real stories happening for various reasons. However, in the business world, it is very difficult to avoid – ...