How much time do you waste entering this data?
Data entry’s a necessary evil in Payroll’s world. But is it eating up more of your staffers’ day than it should?
Data entry’s a necessary evil in Payroll’s world. But is it eating up more of your staffers’ day than it should?
CFOs everywhere are looking for Accounts Payable (AP) to take on a more strategic role. However, in order to make this happen, finance pros need to find a way to take many of the repetitive, non-value-added tasks off AP’s plate. In this guest post, Brent Meyers, the vice president of national sales for Nvoicepay, explains just […]
For many of your peers, the pandemic exposed areas of their financial systems that were out of date, especially when it came to month-end close.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 spreadsheets to control financial close and cover any gaps in their reporting process (which are […]
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 the new 2019 AFP Payments Fraud and Control Survey. Of course, you encourage your team […]
For A/P, when it comes to making the jump to electronic payments, the question has shifted from “Why should we?” to “Why shouldn’t we?”
Sure, simple keying errors are bound to happen. But with almost three-fourths of all improper payments resulting from these types of mistakes, it’s worth taking some extra steps to prevent them.
Digitizing A/P is still very much on the minds of your peers, who are prioritizing control of cash flow over business growth as organizations face economic uncertainty and rising inflation. A survey of 821 finance pros, as well as 246 employees at their vendor partner organizations, by fintech software provider MineralTree concluded that the top-five […]
When it comes to travel-expense management tools, CFOs have never had a greater variety of options to choose from — and it’s only about to get better. Sunny Manivannan, the general manager of Coupa Expenses, guest authors a post for CFO Daily readers on how we got here and what we can expect next from […]
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.
The emergence of A/P automation software in recent years has been the catalyst of significant transformation of the accounts payable function at many companies. With workdays less consumed by mundane, manual data entry and processing of paper invoices, finance team members in A/P have evolved into tech-savvy, data-driven and strategic thinkers who play a crucial […]
There’s no doubt automation affects hiring and firing:
There’s no shortage of tools that can help your Accounts Payable department improve its efficiency, but how do you tell which ones are worthwhile? In this guest post, Ralph Perdomo, a research analyst and writer at Nvoicepay, does all the work for finance pros.
What is Finance’s best strategy for tax audits? Always expect one to occur.
In many cases, seconds are great. Second chances at love, second helpings at dinner … But second payments to vendors? Not so great.
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 Automation Benchmark Study by software provider Kofax. But where you, your fellow C-suite leaders and […]
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 email for invoice processing and receiving may present some challenges with: Invoice receipt and data […]
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