Automation is the top priority for accounting and CFO professionals. Automation, when done in accounts payable departments, will help in processing invoices faster, with better control and reduced costs. Many enterprises miss the benefits of automation as they choose the wrong technology or take the wrong approach to deploy the technology. The terms procurement automation, […]
Automation to Simplify Accounts Payable Processes Read More »
Managing corporate travel expenses is the biggest headache for small-to-medium enterprises. New insights into expense reporting revealed that employees are feeling more pressurized for handling business expenses. Number of hours are being spent in managing expenses, which can be spent on important business activities that would result in improved work-life balance. This is going to
Why is Expense Reporting a Hassle & How Automation Helps? Read More »
In an age where one can book a trip across the world, corporate travel is accessible easily than ever before. Corporate travel is considered important in many companies, and the travel costs contribute around $1.3 trillion to the global economy in a year. Corporate travel will cost more when not managed effectively; this article illustrates
How Has Corporate Travel Changed Over the Years? Read More »
Whether it is a small or large enterprise, adequate cash flow is essential to run business operations smoothly. How effectively cashflow is managed can help decide the success or failure of the enterprise. SMEs have to take care of this aspect as they have a small bracket and are susceptible to financial pressures. Corporate Travel
Avoiding Overage Spending with T & E Automation Read More »
It can be nearly impossible to run an account payable (AP) team in the modern age without automation. There are several reports and articles’ stating an automated AP solution is one of the best tools that you can leverage in order to make the departments tasks more efficient and easier to handle. Automating your AP
What Does a Modern AP Department Look Like after Automation? Read More »
Corporate travel programs offer significant cost-saving opportunities and are considered a boon for many organizations. The success of your travel program relies on to what extent your employees leverage for corporate travel. Although financial factor is critical, businesses should not forget that customer experience is vital too. There are many factors to convince you why
Reasons Why Travel and Expense Departments Should Work Together Read More »
Today, as more business procedures become digital, the significance of using data in business operations becomes very clear. Your finance department understands that using data and digitizing the procurement process efficiently is a great idea. However, very few offer the tools and resources which are essential to make procurement more data-driven. It has been observed
Add Value to Procurement Workflow and Make it More Data-Driven Read More »
In today’s ultra-modern world, numerous advanced technologies such as Artificial Intelligence (AI) and Business Intelligence (BI) hit the market to help businesses automate their functions. But many companies are still following age-old traditional procedures, believing them to be cost-efficient. Particularly, when it comes to the invoice approval process, companies are still following the manual processes
How Procurement Software Helps You Improve the Invoice Approval Process Read More »
Managing expenses can be daunting and is not a favorite task for most to do. This is true for employees submitting them and for the administrative department reviewing them. It is a cumbersome and slow process from start to finish, which includes handling outdated solutions, sending multiple emails, and waiting too long before getting reimbursed.
Do Your Employees Like Their Travel and Expense Management Solution Read More »
Effective management of accounts payable and business expenses is paramount for any college or university. These institutions waste significant time with manual processes, leading to a lack of visibility into spending data. The following are a few benefits of having fully automated travel, expense, and invoice processes. Eliminate Paper Invoice, travel, and expense management at
Benefits of Automating AP, Travel, and Expense Processes for Educational Institutions Read More »
