How AP Automation Improves Control Over Your Business Finances
As a finance leader, payment control is top on your mind. It is easy to understand when you are concerned about losing control and taking up more risk by leveraging cloud-based accounts payable solutions and automation. Here we present the key ways on how AP automation will give you control over the payment method. 1. Granular Insight and Control You ...
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Procurement in a Post-Pandemic World – How to Scale-up and Meet those Challenges
As the economy begins to bounce back from this recent pandemic, businesses are working to reconstruct and re-examine how to drive continuous growth. Procurement plays a vital role in an organization’s continuity and its ability to increase value. Procurement teams must rethink the entire process from the basic tasks, including how it helps hire, collaborate, and effectively engage with the ...
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Control Expense Receipts and Make Your Team Audit-Ready
Receipts are vital aspects of the expense management procedure. How does a company handle all the receipts? Does receipt management cause an obstacle for your accounting and finance departments? If you want to elucidate a mistake in the expense report, receipts are mandatory to do so. Receipts play a critical role in the business card reconciliation method as well. Also, ...
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Eliminate Scanning Invoices: A Quick Guide to Exceptional Accounts Payable
Invoice scanning is like a giant leap forward for organizations that still follow pen and paper-based accounts payable methods. Nevertheless, invoice scanning applications make it so that the AP team members avoid manually punching in details from a bill sent by the supplier, which is a challenging and slow procedure. Anything that does the work fast is considered a good ...
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3 Key Security Features Businesses Need in Document Management Software
The business infrastructure consists of crucial data that should be secured against theft and unauthorized access. Plus, natural disasters make it imperative for businesses to ensure proper security and data backup. But, the process of storing and securing the data with manual, paper-based processes is tedious. As the business grows, the data will further increase and make it even more ...
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Why Expense Management Automation is a Secret Weapon in the Business World?
Do you know that expense management automation can help with faster reimbursements and decrease the overall expense processing costs? There is no denying the fact that expense management automation is an ideal way to bolster business ROI. It also helps with the enhancement of the bottom-line profitability. Often, we witness companies implementing significant changes only to shy away from automation. ...
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