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How to Choose between Rolling Forecasts and a Static Budget
How do you know if your company is using the best budget and forecast model? Most companies use a traditional, static budget to make predictions about their expected revenue and planned expenses. It’s the tried-and-true method people have relied on […]
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Here’s Why You Need Capital Project Management Software For Your ERP Software
Enterprise Resource Planning (ERP) systems play a key role in managing a company’s internal departments. They’re designed to streamline and integrate a wide range of business processes including accounting, financial reporting, purchasing, and much more. They’re a beneficial system for […]
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5 Critical “Must-Haves” for Your Digital Document Management Partner
Managing massive amounts of paper has been a problem for business owners for years now. Most companies struggle to manage it because they simply can’t create an internal process that allows them to deal with fluctuations in volume as well […]
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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 your company to pay for goods and services. It’s not very glamorous or exciting. On the surface, it might not even seem that important […]
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6 Important Questions To Ask Yourself About Digital Archiving
Any time your employees have to sift through stacks of paper, it can lead to an abundance of problems. Research takes longer, and that means customers have to wait longer for responses. Records can go missing, which may lead to […]
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Here’s Why NextProcess BPMS Is Better Than Excel at Managing Capital Expense Projects
Capital expense (CapEx) projects can be a challenge to handle efficiently. A lot is going on with these sorts of projects, and they typically involve large sums of money. Plus, they’re important for keeping your business running smoothly as your […]
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5 Accounting and Budgeting Tips for Paying off a Business Loan after You Start a New Business
Starting a new business means you’ll have to face many expenses. In most cases, the best option for handling these expenses is to take out a business loan. As your company begins to grow, you must be careful not to […]
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Where Do Errors in Financial Spreadsheets Come from and How Can Your Business Fix the Problem?
Love them or loathe them, spreadsheets have become an essential part of corporate life. Companies use them for tons of different purposes. In some companies, they’re tracking just about everything on a spreadsheet somehow. For better or worse, Excel has […]
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Having Problems With Your Spreadsheets? Automation Offers A Solution For The Trouble Excel Causes Your Company
Microsoft Excel has become ubiquitous in the business world. When first released, Excel revolutionized data processing and analysis. It’s been a fixture of financial departments ever since. In the modern business world, however, it is being eclipsed by better than […]
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This is Why You Need CapEx Management Automation To Help Prevent Capital Project Overrun in IT
Large-scale IT projects are a possibility at any company and become more prevalent every year. Capital project management is always a complicated endeavor, and for IT projects it can be even more complicated than usual. IT projects usually cover multiple […]
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How to Use Business Process Automation to Handle Large-Scale and Small-Scale Company CapEx and OpEX.
Purchasing is a major part of every business. From replacing paperclips and printer ink to acquiring new property or replacing a roof, your company needs a way to manage expenses both large and small. It’s useful to separate these two […]
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What Business Processes Does It Make Sense for Your Company to Automate in the Year 2020?
Business Process Automation plays a key role in the modern business world. However, automation does not work equally well for every business process. There are still many tasks that require a human touch. This includes reconciling exceptions invoices, answering complicated […]
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