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Do You Want to Know What Are The Benefits of Automating Your Payables Process?
Paying bills can be a hassle. This is especially true when you are running a business with many expenses coming from many different providers, suppliers, and vendors. The more invoices you have to keep track of, the harder it gets […]
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Here Are The Ways That Accounts Payable Affects Your Whole Company
It’s easy to think of accounts payable as nothing more than the department where money leaves the company to pay for goods and services. But there’s more going on in this department than just paying the bills. In fact, there […]
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Essential Tips For Becoming A Well-Rounded CFO
Major changes in today’s business landscape have opened the door for enterprising CFOs to achieve their full potential. The shift to an information economy, need for improved tech security, globalization of business, and increasing shareholder activism make it imperative for […]
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Utility Bill Tracking Software: Intelligent Vendor Management
If you’re trying to manage multiple facilities efficiently, then organized data is your best friend. Not only do you have different facilities to manage, but there’s also a good chance you’re going to have to deal with different types of […]
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3 Key Ways that Accounts Payable Automation Improves Oversight
Oversight is critical in the accounts payable department. If you don’t have accurate, up-to-date information on what’s going on in your AP department it’s almost impossible to get a clear picture of the state of finances in your company. Unfortunately, many […]
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Here’s How You Can Enhance Your ERP with Software Integration
Your enterprise resource planning (ERP) system is the workhorse of your organization. It standardizes and streamlines an array of core functions while handling tasks like inventory management, manufacturing cost evaluation, and general ledger reconciliation. But as versatile as a good ERP […]
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5 Tips For Staying On Top Of Expense Reporting
Expense reporting is one of the easiest tasks to fall behind on. It wouldn’t be too bad if the person processing expense reports could just take claims at face-value. But they have to check every item on the claim to […]
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Here’s How To Keep Employees From Misusing Expense Reports
Your expense reporting system offers one of the easiest ways for employees to steal from your business. Maybe they think they’re no harm in charging a few non-business expenses to the company card while on a trip. Or perhaps they’re […]
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EDI is Growing in Popularity – Is Yours Giving You Headaches?
Electronic data interchange (EDI) allows exchange of electronic format documents between computers. Rather than sending paper back and forth, this allows different businesses and/or departments within a business to exchange electronic files directly. With an EDI for your accounts payable […]
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Are You Having Trouble With Your Business Processes? Maybe It’s Time To Automate Them
Many organizations struggle to manage their core business processes. A 2015 study by Tipalti, which polled 100 senior finance decision makers and executives, found that “51% were dissatisfied with the processes they use to pay their suppliers.” And the problem […]
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Facing Challenges in AP Automation
It’s no secret that AP automation gives your company a leg up in the modern business world. Automating AP saves money, reduces errors, and gives you increased control over cash-flow. But as a recent article from PYMNTS.com points out, […]
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Avoiding Purchasing Pitfalls: Procurement Management Practices
The success and effectiveness of most departments in your company rely on your procurement management strategy. This holds true no matter what type of business you’re in. Manufacturers need to ensure that they have enough inventory to produce at expected […]
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