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Spend Management

Accounts Payable Software

Key Ways Digital Payments Are Transforming Accounts Payables

Spend Management /

Today, digital payments are paving the path to the AP future. Around 95% of companies still pay their vendors by check. Tech-savvy businesses are cutting ties with the traditional payment processes and turning to quick digital methods. Implementing e-Payments, such as virtual cards, ACH, real-time payments, and more empowers you to boost effectiveness, insight, and […]

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Expense Report Software

Best Reasons to Implement Expense Reporting Solution

Expense Management /

Manual processing of expense reports can become a headache for both employees and companies. Around 55% of organizations are presently using a traditional pen and paper-based system to process these reports. Several issues may arise at every stage of the procedure and tackling them is time-consuming which may delay staff reimbursement and enhance how much

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Accounts Payable Automation

Eliminating the accounts payable pain points with automation

Spend Management /

Most organizations have been working with paper-based processes when dealing with suppliers, but this approach comes with frictions. Accounts payable departments should wait for bills and invoices to go onto their table, and staff have to enter details before processing payments. The pandemic has made employees work from home and made it more challenging for

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Expense Policy

Best Ways to Balance Your Expense Policy Compliance and Satisfy Employees

Expense Management /

It has been observed that 73% of companies still heavily rely on Excel sheets to gather data for the business. Many software businesses are working hard to develop more effective solutions for handling information. And expense policies are the best example. Any typical organization may depend on traditional pen and paper-intensive processes to monitor expenses.

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Automated Expense Reporting Software

Manufacturing Companies save Thousands with Expense Tracking Software

Expense Management /

Manufacturing businesses always look for opportunities to reduce financial risks. Switching from manual to automated expense reporting solution can help improve spending visibility and eliminate inefficiencies. Organizations can leverage electronic systems to understand where spending is and make their business financially strong. The following are a few ways finance departments can help leverage the data:

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AP Software Solution

Why COVID-19 is the best time for businesses to embrace Accounts Payable Software

Spend Management /

AI (Artificial Intelligence) is the new-gen technology for any business, and it is playing a pivotal role even in accounts payable today. Automating the accounts payable process can help organizations remain competitive.  AI defines a new age for business, and every industry will embrace the power of artificial intelligence to sustain itself in the industry.

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Cloud-based expense management solution

How Analytics & Data can Impact Vendor Negotiations?

Expense Management /

The key to financial success is to maximize revenue and minimize spending for any business. One best way to accomplish this is to negotiate discounts with vendors. Major airlines such as American and Delta Airlines offer huge discounts, benefits, and services to businesses. You can negotiate good deals by giving them business. However, we have

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Accounts Payable Software

Top Trends of Accounts Payable Software You Should Know While Opting AP Software

Spend Management /

To be precise, accounts payable software solutions have come a long way from being mere reporting tools. Their constant evolution can be attributed to the advances in the spheres of automation and AI. Irrespective of the size of the industry, deploying accounts payable solutions is quite imperative for every organization. What’s more, companies have been

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Spend Management Software

Why is Spend Management Crucial during COVID-19 Pandemic?

Spend Management /

COVID-19 has brought many changes in the accounting field, and accountants prioritize spend management as they consider it crucial. In times of economic uncertainty, there are a lot of buzzwords like risk management, accounting process, workflow processes, and spend management. Why spend management is a key area of focus during recession times? Spend management is

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Employees Vs. Finance department

Employees Vs. Finance department – Who benefits the most with automated expense reporting process?

Expense Management /

Managing expenses manually can take a toll on productivity to employee satisfaction. A solution that automates the expense reporting process can streamline business operations and minimize costs by cutting paperwork. Why automate the expense reporting process? Organizations tend to leverage all tools to operate efficiently, and businesses often overlook expense management for various reasons. Reasons

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