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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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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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Harnessing Metadata in AP Automation
Accounts Payable automation software has been spreading all over the country and helping businesses improve their practices and save money across the board. Combining digitization and data entry is the ideal way to maximize the data available while making your […]
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Optimize Workflow With Digital Documents
Optimizing workflow in today’s rapidly evolving business world requires a strategy that takes into account the move towards paperless processing. Even though paper isn’t going away entirely, long-term trends are moving toward replacing manual, paper-based systems with digital and automatic […]
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3 Reasons AP Automation in the Mailroom is Imperative for Success
If you start looking at account payable automation, there’s a good chance you’re already at least a bit backlogged on your invoice processing. When you start implementing changes, you want to resolve as many issues as you can as quickly […]
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Meeting AP Challenges in Healthcare
Accounts payable is subject to a lot of strange rules and regulations. Few industries feel this pain as well as businesses in healthcare. AP in healthcare faces a series of unique set of challenges because of information laws like HIPAA and […]
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