Invoice fraud is the most common type of fraud that takes place in the accounts payable department. The fraud generally happens when vendors issue duplicate invoices and when there is no proper matching system in place. To prevent fraud from happening, your accounts payable department has to match purchase order
In this millennial generation, it is very important for business travelers to stay hyper-connected while on a business trip. Millennials face a new set of challenges when it comes to travel management. Here are a few tips that help millennial travelers take the stress out of business travel. T &
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.
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
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
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.
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