The Future of Accounts Payable Automation
Today, with modern technology and procedures, your accounting teams’ future will change. Various innovations, such as automating accounts payable, electronic payments, as well as, virtual cards will become mandatory. Here we present some predictions for AP in the long run and how clients can use cloud-based accounts payable solution to future-proof business. AP Staff Have Become More Strategic Organizations now ...
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Best Expense Management Tips for 2022
Today, some businesses are adopting a flexible and hybrid approach to working. Expense receipts for setting up home office are set be rivaled by claims for mileage and travel. The hybrid work model indicates that payroll and accounting teams are going to have a wide range of claims to contend with constantly. In reality, while comparing anonymously gathered expense data ...
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Leveraging expense management trends for simplified expense reporting
Are you still entering receipts by hand and chasing managers for approvals? Suppose you are managing the expense reporting process manually. In that case, you are wasting time, missing out-of-policy claims, and not to mention the potential of fraud in the expense reporting process. Millennials don’t have the patience to enter the data and upload each receipt manually. With automated ...
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The Impact of COVID 19 on Expense Reporting
COVID-19 pandemic has brought many changes and of all the changes, working remotely is one of the most significant changes today. Employee travel and entertainment expenses are set off due to this pandemic, but remote work has led to the emergence of new employee expenses today. Working remotely has increased the work-from-home expenses such as internet, electricity and so on. ...
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Key Ways Digital Payments Are Transforming Accounts Payables
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 security while reducing expenses and ...
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Best Reasons to Implement Expense Reporting Solution
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 amount the business spends on ...
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