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Discover 10 Great Reasons To Automate Your Expense Reporting Now
Employee travel is often vital to a company’s success. Equally important is having a user-friendly, accurate way to process expense reports. An outdated T&E system is frustrating for employees awaiting reimbursement and for the department processing expense claims. But there’s […]
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Cut Costs And Save Money By Improving Business Processes
When businesses are looking for ways to save money, the focus is often on cutting back. How can we cut back on supplies used, on employee hours, on how much money we’re spending to run each department? But sometimes, cutting […]
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What Does AP Automation Actually Cost?
You’ve heard AP automation will save you money. That sounds great, but you want a more precise answer about the actual costs. Exactly how much money does automating your AP department really involve? Giving an exact answer is a bit […]
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3 Deadly Purchasing Pitfalls to Avoid
When looking at the procure to pay process of a company, a lot of companies will focus on the payment side of the equation. Accounts payable and cash flow are both definitely important. However, purchasing is a critically relevant department that […]
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3 Ways To Cut Costs With Process Automation
Business process automation is more than a fad. It’s a simple, cost-effective way to optimize your business processes while reducing your spending. It also streamlines things for employees in the automated departments, making automation a win-win for everyone in your […]
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Managing Expense Reports Effectively
No matter what the business, managing expense reports presents a challenge for companies to manage. Traveling for business has become more and more frequent in an increasingly global economy. Taking care of employee reimbursements can take up a lot of […]
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How To Expense Data Storage as OpEx
If you’d rather handle digital data storage as an operational expense than as a capital expenditure, it’s time to outsource your data storage. Whether you lease servers or purchase cloud storage, handling data storage as Opex can be a good […]
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Expense Report Fraud with Extreme Consequences
Dubious expense reporting is a quiet scourge in the office world. Unfortunately for one man, there was suddenly noise everywhere over his reimbursements. Sasha Frere-Jones, a music writer for the LA Times, left suddenly after a preliminary investigation into his […]
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Should I Automate My Business Processes or Outsource Them?
It’s no secret that automating and/or outsourcing business processes can save your company time and money. But which one should you pick? It all depends on exactly what needs to be done and how much of your process you want […]
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The Metric That Is Costing You Money and How to Fix It
Maintaining a good accounts payable turnover ratio is a delicate balance of efficiency, cash management, and vendor terms. Also called the Accounts Payable Days Formula or simply “Creditor Days”, this is a formula to calculate a “turn”-the number of AP […]
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Purchase Orders for Growing Businesses
When just starting out with your small business, you probably didn’t invest in Procure to Pay software or automation for purchase orders. After all, how hard is it to just call your supplier up or send in an order online […]
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How Effective Is AP Automation?
Automation is a hot topic in Accounts Payable today, but is it really as good as it sounds? Turns out, top researchers are finding that accounts payable automation does save a significant amount of time and money. Automating the AP […]
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