There are a number of accounts payable software solutions in the market. Choosing the best software requires you to consider many aspects. Of the many, the following are a few key features you should look for when choosing your AP solution: Detailed reporting Your software should support comprehensive reporting features
Having specific guidelines for reporting travel expenses is the best practice that should be embraced by every organization. Expense report guidelines define the cap on budget or Per Diem expenditures, reporting processes, receipt requirements and rules for non-reimbursable expenses. Budgeting How to budget daily expenses efficiently is where most companies
Effective functioning of the accounts payable department is critical for any organization. Comparing existing AP processes, performance metrics, pain points, and strategic objectives with other companies can help you set benchmarks. The AP department faces challenges while processing invoices due to the following reasons: Overhead costs and turnaround times to
While most businesses switch to digitized and automated solutions, a number of myths and misconceptions exist with the expense management solution. It’s been a long while when businesses use paper and spreadsheets to manage their business expenses. Here we talk about the myths and misconceptions of online expense software and
You need not to be an expert to understand that hotel and airfare prices change dramatically every now and then. The price you paid today may not be the same when you see it tomorrow. Sometimes you will be surprised by knowing the importance of price fluctuations. Are your employees
The usage of mobile device to book travel is on rise, which means it is getting more difficult for finance managers to ensure compliance and manage spending. With digital disruption taking giant leaps, it has become very important for financial managers to implement T&E solutions that simplify processes and gain
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