2-way, 3-way, and 4-way matching is an important aspect of ordering and receiving associated with the accounting department. It's one of the best internal controls ever introduced within accounting. Even if it takes time, it's still worth the effort, because it helps to verify the accuracy of data.
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.
The global BPAAS market is expected to exceed $70 billion by 2025. If this doesn’t mean anything to you, that’s okay. Despite our familiarity with the concept it represents, many of us haven’t ever heard the phrase Business Process as a Service.
Are you racing against the clock to get your work done each day? We recently hosted an accounting webinar where we took a look at some technologies that can make your work life easier. If you’re not automating these 5 accounting tasks, you’re missing out on some serious time and money savings.
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.
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?