To keep your business competitive in the midst of a labor shortage it may take more implementation of digital finance technology which enables teams to get more done in less time. Technology (including finance technology) has a lot to do…
Accounting Automation
For many of your peers, the pandemic exposed areas of their financial systems that were out of date, especially when it came to month-end close. For example, research by Robert Half found almost seven out of 10 companies rely on…
We’ve all been there: inaccurate vendor payments disrupting cash flow and costing your company a bundle. And there are so many reasons why they happen. Maybe an A/P staffer got distracted and didn't record a payment at the time it…
B2B late payments can be a potential major pain point for your company, leading to late fees, missed opportunities for early payment discounts, duplicate payments when a vendor sends a second invoice for the same bill and other problems. Research…
If any of your A/P staffers work a hybrid schedule, email is an important tool for invoice processing. Your payables department may also be relying a lot more on e-mail to onboard vendors and approve supplier payments. But relying on…
A significant majority of your peers (90%) agree that intelligent automation will help them overcome post-COVID business challenges, such as workforce shortages, supply chain disruptions, controlling costs, boosting revenue and maintaining a competitive advantage. That's according to the 2022 Intelligent…
With the push continuing for firms like yours to digitally transform and fully automate Finance processes, the term "AI" (artificial intelligence) gets mentioned a lot. But what is it exactly? In simplest terms, it's the technology that allows computers to…
Expense report automation solutions on the market can free up your finance staffers by eliminating inefficient manual/Excel procedures that they may be using to process employee expenses. Automation solutions with optical character recognition technology can even eliminate the need for…
Today, your finance team must do more than ever before to ensure that company money stays where it belongs. Payment fraud just spiked to a new high. A staggering 82% of companies said they were hit last year, according to…
In many cases, seconds are great. Second chances at love, second helpings at dinner ... But second payments to vendors? Not so great. (more…)
To cut costs whenever and wherever possible, your finance staffers must be able to recognize purchases that qualify for sales and use tax exemptions. But that’s easier said than done. (more…)
What is Finance’s best strategy for tax audits? Always expect one to occur. (more…)
