Accounts payable audits can seem overwhelming or a complete pain. They're often assumed to take up a substantial amount of time and resources as an auditor goes through the paperwork and tracks the necessary transactions.
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 air is getting colder, the leaves are falling, and plants are covered in a thin layer of frost: the year is ending, and there's nothing to be done about it. For most people, this means the start of the holiday season and the beginning of a new year, but for those in finance and accounting, the transition from December to January means the struggle of year end close.
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.
Regardless of the size of your organization or how you structure your accounts payable department (a team, a bookkeeper or an individual company owner), these two guiding principles for establishing successful accounts payable (AP) processes are universal:
Staying competitive in the age of digital transformation means doing more with less. Your organization may not have the available budget for new hires to cover business growth, or you may be dealing with a talent shortage in the areas that you need help with. The good news is that you can increase organizational productivity without increasing your headcount using the following methods.
As Florida residents and AP Automation specialists, our team is getting excited about heading to Orlando for APP2P’s Spring Conference & Expo in May!
When Ovation Fertility, a collection of independently-thinking IVF and genetics labs, went looking for help with their AP process issues, DocuPhase rose to the challenge, delivering an accounting automation solution that would help them increase accuracy and productivity, while setting them up for future growth.
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.
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...