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Improve Operational Flexibility with Automatic AP Software
In the modern business world, operational flexibility is more than a luxury—it’s a necessity. In the accounts payable (AP) department, offering flexible payment options, enabling employees to work from a variety of locations, and the ability to adapt to internal […]
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5 Tips for Managing High-Volume Accounts Payable with BPA Software
5 Tips for Managing High-Volume Accounts Payable with BPA Software How many invoices does your company receive each month? If you’re processing hundreds or even thousands of invoices each month, then your company is managing high-volume accounts payable. What qualifies […]
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Streamlining Financial Processes: Comparing BPA, SaaS, BPO, and BPaaS
If you’ve been researching software options for managing your financial processes, then you’ve probably run across terms like Business Process Automation (BPA) and Software-as-a-Service (SaaS). You’ll also come across related terms, like Business Process Outsourcing (BPO) and Business Process as […]
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10 Ways that BPA Software Can Help Your Company Improve Efficiency and Productivity in Finance
We all want to optimize our businesses. Improving efficiency and productivity makes a company more financially stable, places it in a better position to take advantage of opportunities, and enables the company to keep up in the fast-paced modern business […]
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5 Ways to Increase Employee Satisfaction with Automated Expense Reporting
Expenses are part of running a business. When a company lets employees make business purchases on behalf of the company, the expense reimbursement system provides a way for the company to pay back employees for those expenses. When the travel […]
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How BPA Software Can Help Your Company Develop Modern Strategies to Counter Fraud
Since 1996, the Association of Certified Fraud Examiners (ACFE) has released 13 reports on occupational fraud. Based on their extensive data collection and analysis, the ACFE says “that occupational fraud is very likely the largest and most costly form of […]
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5 Ways Automation Makes R+D Procurement Departments More Effective
In companies with a research and development (R&D) department, R&D often has very specific procurement needs. Getting R&D and procurement working together effectively can be a challenge, though. A breakdown in communication between the two departments can result in misunderstandings, […]
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Is Accounts Payable Automation a Good Investment?
The accounts payable department is responsible for managing a company’s payments. It’s uniquely positioned to help manage cash flow and support responsible financial management. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether […]
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5 Ways To Reduce Errors Using Business Process Automation Software
Are errors hurting your business? It can be a hard question to answer. If you can identify the impact of errors, then you can take steps to correct them. But often, errors slip in that you don’t even know about […]
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The Importance of Audit Trail Importance and How Digital Document Storage Can Help
Accurate records are more than a good idea for companies: they’re essential. Missing documents create breaks in audit trails, which can lead to significant issues for your company. Best-case scenario, it’s a hassle for employees. Worst-case scenario, missing documents found […]
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10 Basic Accounts Payable Essentials That Still Matter in Automation
The modern business world is highly technical. Many companies are digitizing and automating, putting technology to work streamlining, enhancing, and simplifying key financial processes. In the accounts payable department, automating AP cuts costs, reduces errors, speeds up processing, and improves […]
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How Does T&E Fit in With Procure-to-Pay Software?
When discussing how to manage spend in the procure-to-pay process, we often think of spend management as involving budgeting, procurement, accounts payable, and payment. But there’s another key department involved in spend management: travel and expense (T&E). Much like procurement, […]
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