Did you know that 39% of invoices are paid late in the US? (Atradius) The problem is so widespread that score.org reports that if small businesses were paid for all of their unpaid invoices, owners could pay themselves an extra $31,000 and could hire a combined 2.1 million employees.
Looking for ways for your organization to increase productivity and trim budgets? You’ve come to the right place.
DocuPhase’s “Business Process Automation” blog will provide valuable insight into how your company can benefit from implementing document management and workflow automation into existing processes.
You’ve seen the stats – that labor accounts for 62% of the total cost of AP and that 3.6% of invoices have errors on them. And you’ve heard the claims – that accounting automation can lower costs and reduce errors. But is it really true?
As Florida residents and AP Automation specialists, our team is getting excited about heading to Orlando for APP2P’s Spring Conference & Expo in May!
Worldwide, more and more accounting tasks are becoming automated. While this can reduce processing time and increase accuracy for your organization, it can also leave you vulnerable if you’re not careful in selecting processes that will ensure that your internal controls are maintained.
When you’re saving money, every little bit counts. You collect your change in a jar labeled “vacation!” and skip the frou-frou Starbucks drinks and the other extras that can add up over time.
The stability of your workforce can be impacted by any number of things – stress levels, repetition of tasks, and skill requirements. According to an article on marketwatch.com, the highest turnover rates are in stressful and underpaid jobs. Not surprising, right?
The accountant is a key player in any business - after all, bad money management often equates to why businesses will fail in their first three to five years.
What is one key component that all businesses share, no matter the industry or specialty? The answer, of course, is accounting. The accounting department is the most vital part of every business. Without following reliable accounting best practices, a business can and will crumble. Frankly, our economy couldn’t survive without accountants. The US Department of Labor has projected that there...