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Your Vendors Should Email Invoices-Here’s Why
Despite our technological progress over the last ten years, businesses are still riddled with paper requirements. The IRS requires hard copy documents to be maintained for at least seven years. Some state laws mandate businesses keep hard copies for everything […]
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AP Automation: A Good Investment
If you think Accounts Payable automation is expensive or time-consuming, you may still be plowing your way through mountains of paperwork in the AP department. AP software is more than just a business fad – it’s a wise investment that […]
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Implementing Rolling Forecasts
Rolling forecasts are widely regarded as a useful and reliable alternative to traditional budgeting for the modern business world. In the words of Steve Player, the North American program director at the Beyond Budgeting Roundtable, “It makes no sense to […]
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It’s February… Do You Know Where Your Budgets Are?
Finalizing numbers and gathering information from the prior year is a huge goal for the first month of the new fiscal year. For many companies, deadlines are getting closer and the pressure for fast, accurate reporting is increasing. Having immediate […]
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How Effective Is AP Automation?
Automation is a hot topic in Accounts Payable today, but is it really as good as it sounds? Turns out, top researchers are finding that accounts payable automation does save a significant amount of time and money. Automating the AP […]
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Financial Priorities in 2016
The results of the 2016 Finance Priorities Survey from the Financial Executives Research Foundation and Protiviti is summarized in an assessment titled Maintaining Margins While Staying Vigilant. This survey gathered information from more than 650 CFOs, VPs of finance and […]
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Reduce Costs With Automatic AP Software
The Accounts Payable (AP) department is often one of the slowest to switch over to automation software. You might worry that it will cost too much money, or reduce your control over company finances, or won’t actually save time. These […]
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Three Tips to Curtail Maverick Spending
In some companies, Maverick spending can account for up to 80% of purchases made. That’s 8 out of every 10 purchases that don’t line up with purchasing rules established by corporate procedures. If this goes on unchecked, the company is […]
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Principles of Modern FP&A
Reliable Financial Planning and Analysis (FP&A) is more important than ever in the quickly evolving financial world, but it’s frustratingly hard to come by. Modern FP&A is most effective when it’s dynamic, complete and shared. These three core principles provide […]
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Top Complaints of ERP Systems
ERP Systems, short for Enterprise Resource Planning, are often referred to as the nerve center of an organization. A good ERP with a solid implementation can make a huge change in the way your company operates. Unfortunately, a lot of […]
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Succession Plans in the AP Department
Having a solid plan to replace AP professionals who retire or move on to a new career opportunity is just common sense. With baby boomers retiring and many younger workers planning to job hop in their career path, there’s never […]
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AP Horror Stories
We’ve entered Halloween season, where things are cool and crisp, and everyone loves a good scare. Ghosts, ghouls, and goblins are certainly spooky, but nothing terrifies us like invoicing disasters. We’ve rounded up some of our scariest tales NextProcess has […]
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