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How To Expense Data Storage as OpEx
If you’d rather handle digital data storage as an operational expense than as a capital expenditure, it’s time to outsource your data storage. Whether you lease servers or purchase cloud storage, handling data storage as Opex can be a good […]
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Solving the Paper Problem
More and more, paper seems to be on the way out of the payables process. From the sudden spread of email to the surge of green initiatives, everyone’s been talking about new ways to use less paper and take advantage […]
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Don’t Let Internal Software Lag
Customer-facing software gets all the attention. Companies pour seemingly endless time and money into the user experience of their own websites and applications. They usually get more attention than internal platforms and processes. This makes a lot of sense. Companies […]
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5 Reasons Excel Is Terrible For Your Business
Businesses saw Excel as a solution for easy data management back when it first hit the market. Today, it’s still used for tasks such as scheduling, basic accounting, tracking sales, and compiling customer data. But many businesses also use Excel […]
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Don’t Overlook The Crucial Role AP Plays In Saving Money
Even though the accounts payable (AP) department governs money leaving your company, it’s one of the best places to save money. A smoothly-functioning AP department doesn’t lose money to late fees, has a low processing cost-per-invoice, streamlines your payment information, […]
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How to Leverage Automation to Kickstart Six Sigma Principles in your Business
Evaluating your business for efficacy brings up some important questions about how you can streamline processes. Improving the way your company functions on the back end will lead to greater gains across the board. Six Sigma is a huge part […]
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Five Procure-to-Pay Project Success Tips
Any attempt at process overhaul is full with potential issues and trying to encompass a huge scope of financial functions in a streamlined software platform can be downright overwhelming. It’s well worth the undertaking, as it helps stave off process […]
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3 Eye-Opening Questions You Need to be Asking About Your Spreadsheets
Studies agree – about 88 percent of Excel spreadsheets contain significant errors. If your company is still using spreadsheets for financial data processing, there’s a very good chance most of your spreadsheets contain errors that are affecting your company. While […]
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Expense Report Audits for Growing Businesses
For small to mid-size businesses, having an entire department, or even a single employee, devoted to travel and expense management might seem unnecessary. When employees are dealing with T&E on top of all their other work, though, it’s easy for […]
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Increase Security With Flexible Payment Solutions
In efforts to cut costs and focus on core business functions, many companies are outsourcing B2B payments. It’s an effective way to save money, but there’s always the question of security when dealing with financial processes, especially if you’re giving […]
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How AP Automation Saves Money
Justifying new investments is a valid concern. You don’t want to purchase a new software program only to find it’s less cost-effective than your current solution. For accounts payable software, though, the advantages far outweigh the cost and automation is […]
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Utilizing T&E Technology with Millennial Employees
Aberdeen Group’s report “Young & Talented But Lazy? Not So Fast – Millennials are the Real Deal” predicts that by the year 2025 the millennial generation will comprise nearly 75% of the global workforce. Understanding this generation’s priorities is key […]
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