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Procurement Software

Electronic Signatures: The key to a more efficient, and sustainable procurement process

Spend Management /

The procurement process is crucial for any organization – from identifying requirements to choosing suppliers, negotiating terms, and ensuring quality, it’s a lot to handle. That’s where electronic signature helps simplify things by allowing you to sign documents electronically. With its quick contract approval process that takes just a few minutes, you can say goodbye […]

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Artificial Intelligence for Expense Reporting

Expense Management, Spend Management /

The Impact and Significance in Enterprises Today Artificial intelligence is the buzzword in every industry today. It is playing a significant role in improving process and operational efficiency in every sector. Undoubtedly, AI will transform expense reporting by streamlining and automating various employee reporting activities. The following are some ways AI can have a greater

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Is Fraud Prevention Process Necessary in Expense Management?

Expense Management, Spend Management /

Fraud prevention refers to implementing any strategy that helps to detect fraudulent banking activities or transactions and prevent them using the necessary steps. It helps to prevent damage caused to reputational and financial damage to the financial institution and customer. Due to the increase in the popularity of mobile and online banking channels and the

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Accounts Payable Challenges

How Does SutiAP Help You Overcome Common Challenges of the AP Process?

Accounts Payable Software, Spend Management /

Many accounts payable challenges originate from manual, paper-based invoice processes such as manually keying line items, writing paper checks and maintaining manual records and spreadsheets. Making B2B payments with paper checks is slower and more expensive, and the errors and delays from manual invoice processing can be disastrous for your firm. Manual processing, frequent delays,

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4 Key Things To Look for in Your Expense Management Solution

Expense Management, Spend Management /

Earlier were the days when businesses would conduct their expense management using manual techniques such as paper-based systems. However, in today’s digitalized era, enterprises are more global, and employees must participate in business travel for client visits. As a result, monitoring employees’ travel expenses has become an essential aspect of every organization. Investing in expense

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AP Solution for B2B

How an Advanced AP Solution Helps Avoid Common Challenges of B2B Payments

Accounts Payable Software, Spend Management /

B2B payments are the financial transactions between businesses to avail products or services. It can be a one-time payment or a yearly recurring payment an organization pays to other organizations for availing their services. B2B payments are slightly complex compared to business-to-customer (B2C) payments due to the string of approvals involved in the process. These

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How does Expense Software simplify your Corporate Travel Duties?

Expense Management, Spend Management /

It is a widely accepted fact that managing a team of dedicated employees and their travel arrangements is quite tedious. Moreover, the role of technology is best seen as an industry disruption. The Covid-19 pandemic has affected almost all industries, and corporate travel management is no exception. It is because expense management software uses the

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How Expense Management ensures Transparency during Office Tours?

Expense Management, Spend Management /

Booking travel for your business can be pretty time-consuming. Moreover, with so many travel routes and various carriers, it is hard to select the best one. This is where automated expense management software comes to the fore. The primary benefits of an automated expense management solution are that you can save time and money. In

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How does Automation ensure Effective Finance Management and Improved Productivity?

Accounts Payable Software, Spend Management /

Enterprises must manage their finances well to reduce unwanted expenses and ensure sufficient cash flow across the organization. So, it is imperative for businesses to manage track and manage their finance team well to make sure they work effectively and efficiently. Even though finance professionals tend to work effectively, they may fail to deliver to

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Accounts Payable and Automation

Accounts Payable and Automation – What should you know While Investing in AP Software?

Accounts Payable Software, Spend Management /

Accounts payable is a critical business process in every company. Nowadays, a majority of organizations are adopting digital transformation to stay relevant in the competitive business environment. Even if your company has the most experienced accounts payable professionals, entering data manually and tallying data line by line is strenuous. Thanks to accounts payable automation, you

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