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
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
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
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,
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,
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
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