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The Compliance Risk of Spreadsheet-Based Financial Processes
Recently here on the NextProcess blog, we’ve been discussing the prevalence of spreadsheet issues and steps your organization can take to correct those issues. “About 94% of the spreadsheets in use contained faults,” according to an analysis of several different […]
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From Spreadsheet Chaos to Financial Control with BPA Software
Have you noticed issues with spreadsheets in your business? If so, you’re not alone. Many companies rely on spreadsheets, but spreadsheets aren’t always the best tool for the job and they’re notoriously full of errors. Recently, a literature review published […]
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Why 94% of Financial Spreadsheets Contain Errors (And What It Costs You)
If you’re using spreadsheets, it’s almost impossible for all of them to stay error-free. Over the past several years, we’ve seen many studies pointing out the high number of errors in business spreadsheets. Recently, a literature review published in Frontiers […]
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3 Steps To Getting Your Boss on Board with AP Automation
So you’re working in Accounts Payable. You’re surrounded by paperwork, you’re manually entering data, and you’re struggling to keep track of invoice deadlines. You’re sure that implementing an automation system could solve a whole host of problems for you and […]
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Automating with BPA Software to Boost Employee Satisfaction
When you hear about technology in the workplace, there’s often a disconnect between how good it sounds and how it actually works. There may also be a sharp difference in how executives think a new initiative is going and how […]
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Improving Efficiency and Employee Satisfaction with Business Process Automation Software
Business leaders pushed for a “year of efficiency” in 2024, and the momentum is still going this year. Making business processes more efficient is a goal that supports other business priorities, including cutting costs, fighting fraud, optimizing employee time, and […]
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Investing Tech Budget in Business Process Automation
Did your company increase its technology spending for this year? If so, you’re in good company. Last fall, a Gartner survey of 301 senior finance leaders found that 77% of the respondents planned to increase their tech budgets in 2025. […]
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The Best Ways to Simplify Your Expense Reports
Travel and entertainment or travel and expense (T&E) payments account for up to 12% of many companies’ annual budgets. For most companies, managing these expenses involves employees submitting receipts and filling out reports, and then other employees laboriously processing those […]
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5 Budgeting Tips for Companies During Uncertain Economic Times
Over the past several years, our world has seen dramatic changes that have a big impact on businesses. Financial departments in companies face challenges related to the supply chain, geopolitical issues, post-pandemic changes in the world, and an uncertain economic […]
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Dont Overlook Role AP Plays Saving Money
Even though the accounts payable (AP) department governs money leaving your company, it’s one of the best places to work on saving money. According to interviews with hundreds of finance leaders conducted by the firm Insight Avenue (March 2024), 80% […]
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What Happens After You Automate Accounts Payable?
If you’re on the fence about whether to implement modern business process automation (BPA) software in your company’s accounts payable (AP) department, it can help if you know what AP would look like after automation. Automation software is highly customizable, […]
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5 Tech Trends in Finance to Watch in 2025
Our world is shaped by technology, now more than ever before. As we head into the new year, how will technology shape the financial departments of modern companies? I can’t tell you the future, but finance professionals can look at […]
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