Automation is ruling the accounts payable industry for years and this year, artificial intelligence and robotics will play a key role in AP. Artificial Intelligence (AI) The usage of artificial intelligence in accounts department may seem something like out of fiction, but that’s actually what going to happen in 2017. AI is nothing but implementing […]
Artificial Intelligence & Robotics: Emerging Trends in AP Read More »
Corporate travel and expense management is a mundane task for the finance team. Employees look for more swift and simple booking processes to suit their requirements. Organizations are also very keen about employer purchases and want to see where every penny is going. Majority of organizations are making decisions about company T & E spending
Gaining Visibility into Corporate Spend Management is the Key for Business Success Read More »
Enterprise software has gone through various phases over the past years. Firstly, the software was hosted in servers, followed by moving to the cloud, being transformed to Software-as-a-Service applications allowing you to plug and play almost immediately. Today, three trends are driving the enterprise resource software industry: Data sharing between systems, increasing automation, and consumerization.
The Impact of Modern Era on Enterprise Software Read More »
Tracking your employee-initiated expenses has gotten a lot easier with technology. Right from mobile applications to online travel booking websites, technology allows employees to record and create expense reports as they move around, so they don’t have to spend time sitting in front of the desktop to submit expense reports. In fact, technology is eliminating
Unfortunately, one can easily take advantage of accounts payable processes as they get buried in the mass of hundreds to thousands of invoice submissions. All these will make the accounting process more vulnerable to fraud and overtime and it can become quite a costly problem. Avoiding invoice fraud may not be possible always, but implementing
Preventing invoice Fraud with Accounts Payable Software Read More »
If your accounts payable department is not adding value to your business, it is evident that you need to change the way it works. The fact is that the accounts department plays a key role in any business and to get the best value from the function, it is better to equip the department with
Accounts Payable Software to Streamline your Invoice-to-Pay Procedures Read More »
Managing business expenses manually gives you countless challenges. Cloud-based expense software makes it easy for small businesses to operate. With the help of an automated solution, you can quickly process transactions and complete them three times faster compared to doing them manually. Every business comes with different requirements and the processes will vary. Customized software
How Expense Software Achieves Efficiency in Business Spend Management Procedures Read More »
Technology is making a significant impact at various levels for businesses. Right from digital payments to business procedures, organizations are increasingly becoming more agile in nature. All departments including the finance and accounts payable have to keep up with the technology to pick up pace in the industry. Margins, profits, and budget are the top
Simplifying Business Spend Procedures with Automation Read More »
There might be times when a particular business expense is associated with one or more client or project. So, how do you report such expenses in real-time? That’s why we have come up with the concept of splitting expenses by cost centers. Whether you have to split expenses by project, client, product or division, our
Splitting Business Expenses by Cost Centers Keeps your Budget in Control Read More »
A well-defined expense policy can save time and money and protect against fraud and compliance breaches. Expense policy outlines business related expenses and tells you what can and cannot be claimed in business travel. Transparent Not everyone in the company will go with same rules; as an expense manager you have to make your employees
Few Points to Note While Outlining an Expense Policy Read More »
