Automation to Simplify Accounts Payable Processes
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, payments automation, and AP automation ...
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Why is Expense Reporting a Hassle & How Automation Helps?
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 be a negative impact on ...
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How Has Corporate Travel Changed Over the Years?
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 the best ways to manage ...
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Avoiding Overage Spending with T & E Automation
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 Expenses go out of Control ...
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What Does a Modern AP Department Look Like after Automation?
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 teams’ tasks is easier to ...
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Reasons Why Travel and Expense Departments Should Work Together
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 a healthy relationship between expense ...
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