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Spend Management

Accounts Payable Solution

Key Features Businesses Should Look for in an Accounts Payable Solution

Spend Management /

Accounts payable processes come with a lot of manual data entry and inefficient workflows that add up to additional burden within the accounts payable department. Inefficient accounts payable (AP) processes hold up businesses from leveraging supplier relationships to their fullest potential. However, AP software can automate all the accounts payable processes and saves you a […]

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Why Businesses Need Advanced Spend Management to Support Remote Work

Spend Management /

The increasing popularity of remote work is changing how businesses operate. Remote work was once a rarity among a selected set of employees but is now quickly becoming a defining feature of today’s work model. There are many reasons that employees may need to work from home – transportation or health concerns or simply a

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Expense Management Corporate Card

How can Corporate Credit Card Help Eradicate Expense Reporting Fraud?

Expense Management /

Corporate travel and expense fraud is challenging for most companies, but automation can help make processes efficient and secure. Adding a few miles to expenses or getting a blank receipt from a taxi driver or claiming for travel that has not been made and more, are some of the common expense frauds. Employees are frustrated

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Accounts Payable Automation

How Automating AP Processes Helps You Save Money & Time in 2020?

Spend Management /

In today’s fast-paced environment, financial teams have more pressure from management to better handle working capital and corporate spending. Accounts payable teams should handle the entire procure-to-pay cycle effectively to improve the organization’s accounting processes. From getting approvals to releasing payments to the vendors, AP teams should manage many time-consuming tasks in specified timelines. However,

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Expense Management Software

Expense Reimbursement Challenges & How Expense Software Could Help

Expense Management, Spend Management /

Employees spend billions of dollars on corporate travel expenses. Expense reimbursements give organizations control over employee spending by giving corporate cards with direct lines of credit to their bank account. Finally, the business ends up issuing reimbursements for extremely legitimate expenses after a lot of back-and-forth. This process creates confusion among employees who are not

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Procurement Management Software

Effective Spend Management Starts with Procurement Software

Expense Management, Spend Management /

Managing spend is a long process of collecting, categorizing, and assessing data spend habits in order to cut down on procurement costs, improve efficiency, monitor workflows, plus regulate compliance. The procurement cycle also involves various other activities such as requisition processing, inventory management, and sourcing. Every organization, regardless of size or type, spends lots of

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travel and expense management solution

What Organizations Should Look for in an Automated T&E Management Solution

Expense Management, Spend Management /

Business travelers frequently complain about always filing their travel and expense claims either on Excel sheets or utilizing their manager’s old and clunky solution. This process can be time-consuming, which makes it easy to put off, which ultimately delays the reimbursement process. Finance departments are also tired of having to process thousands of expense claims

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Procure to Pay Solutions

How Analytics Helps Reduce Costs and Risks in Business Procure-to-Pay Process

Spend Management /

Most of the problems in procure-to-pay compliance arise because businesses are more focused on completing their review than on the quality of the review. This can result in inappropriate transactions slipping through, which has the potential to expose the company to risk, wrong audit findings, and reputational damage. It is becoming clear that traditional systems

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eprocurement software

How Procurement Software Helps Your Business Enhance Productivity?

Expense Management, Spend Management /

Enterprises can enhance their productivity and profitability with effective procurement processes. With strategic outsourcing, continuous improvement, and smart spending management, the procurement department can help the procurement process be a strong value center that supports company growth. But, managing every function of procurement with the traditional methods can be tedious and costly. Fortunately, advanced procurement

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