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.
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.
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:
One of the most common ways that companies get bogged down by their own weight is through poor accounting and financial management. In a survey conducted by Business-Software.com in May of 2013, nearly 200 finance executives in the U.S. were asked a series of questions to better understand the current state of finance departments around the country.
Manual invoice processing has its disadvantages. It’s time consuming, unclear, and hard to control. The number of invoices processed per employee is extremely low due to the hands-on tasks, and you’re in the dark as to where invoices are in the process. But still, an overwhelming number of companies suffer through traditional invoice processing procedures.
No one likes to scrounge around for spare change, but we’ve all been there. Another quarter to bump your order up to a venti. A few more pennies and you won’t have to break out the card.
Executive strategy meetings, boardroom presentations and quarterly investor calls aren’t always on the “looking forward to” list for top-level management. These front line execs bear an incredible burden for making the kinds of decisions that can greatly impact employee performance, revenue, financial markets and more. That said, a green light for building an AP automation system isn’t given...
Controllers come in all shapes and sizes. One may be responsible for leading various accounting managers and their own reports in the direction set by the CFO. Other controllers may themselves be the accounting department and report to the president or owner above them. Regardless of the company they keep, controllers are a company’s financial front line, and the responsibility to keep the...