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 decision to go with a Document Management System (DMS) is both simple and complex. It’s simple because you know you have a problem to solve, and that document imaging software is the key to solving it.
What do you see when you visualize the future of earth? Is it flying cars? In-home android housekeepers? A scene straight out of The Jetsons? Whatever you think may or may not happen, it’s fun to imagine the possibilities!
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...
Who doesn’t want to impress the boss? Any opportunity to stand out as a unique snowflake, apart from the crowd, is one you should always seize – provided you aren’t negatively affecting others. The how of this, though, isn’t always so apparent. You can easily get dragged down by the daily grind and end up playing the eternal game of catchup.
It’s 3PM – you’re on your third cup of coffee; the to-do tray is spilling onto the floor; suddenly, your zen and organization from this morning feels like a far-off memory. You’ve lost a grip on workload and reality altogether as the numbers and spreadsheets start making you go cross-eyed. How can you get back control, and feel like everyday accounting tasks are manageable again?
No one likes watching the time tick by – waiting on something before you can move forward with your work. BUT you also need that extra pair of eyes on the end-of-month P&L statement so if there are any issues, they get addressed before becoming gospel in the company checkbook. You wait, bouncing your knee, tapping your pen on the desk, while nervously checking your email again, and again… and...
Making the work day exciting is more than just fooling around – it’s good business. A University of Warwick study found that workplace happiness leads to a 12% increase in productivity; contrastingly, less happy individuals experienced a 10% dip in productivity. Who knew putting a little pep in your step could go such a long way for productivity and efficiency in the workplace?
In the last decade, the concept of accounts payable automation has become muddled as a variety of software providers have attempted to enter the game.