accounting

Why Strategic Accounts Payable Management is Critical to Your Business Success

Why Strategic Accounts Payable Management is Critical to Your Business Success

When it comes to the financial success of your business, Accounts Payable (AP) is one area that should not be overlooked. AP management is critical to your company’s success and can have a big impact on your bottom line. In this blog post, we will discuss some of the key benefits of strategic accounts payable…

What’s the Difference Between Accounts Payable vs Accounts Receivable

What’s the Difference Between Accounts Payable vs Accounts Receivable

When it comes to a company’s financial health, the accounts payable and accounts receivable are two of the most important aspects to look at. Accounts payable is what a company owes to its suppliers, while accounts receivable is what the company expects to receive from customers. Both are important in order to maintain a healthy…

10 Developments Shaping The Future of Accounting – Forever

10 Developments Shaping The Future of Accounting – Forever

Every business needs accounting, and accounting needs to keep up with the times. Here are ten developments shaping the future of accounting – forever. The role of accounting has changed rapidly in recent years, and the trend is only accelerating. Thanks to a combination of factors including a fast-evolving regulatory landscape, emerging business trends, and…

Case Study: How Decision Engines Increase Productivity by 200% With Accounts Payable Automation

Case Study: How Decision Engines Increase Productivity by 200% With Accounts Payable Automation

Did you know that the accounts payable process is one of the most labor-intensive and error-prone processes in an enterprise? In fact, it is not uncommon for businesses to spend weeks – or even months – trying to track down a single invoice. This is where accounts payable process automation comes in. By using intelligent…

How Intelligent Document Processing Can Streamline Accounts Payable and Accounts Receivable

How Intelligent Document Processing Can Streamline Accounts Payable and Accounts Receivable

Invoices are one of the most common documents businesses have to deal with, and yet they can be very inconsistently structured. This makes it difficult for AP and AR departments to navigate them in an expedient and intelligent manner. Intelligent document processing is an integral technology enabling these departments to manage invoices more effectively. With…

What is Accounting Process Automation? How to Automate Essential Accounting Tasks and Save Time

What is Accounting Process Automation? How to Automate Essential Accounting Tasks and Save Time

In the Accounting world, there is a big move toward process automation. In fact, according to a study by Aberdeen Group, best-in-class companies are 3x more likely to have fully automated their accounting processes than their peers. The benefits of automation are vast and can save your company significant time and money. Many organizations still…

10 Best Practices For Crafting The Perfect Expense Policy

10 Best Practices For Crafting The Perfect Expense Policy

When it comes to business expenses, there are good ways and bad ways to handle things. The easy way is to collect all the receipts and let the accountant sort them out. That may be easy for those submitting expenses, but it’s hard on the finance department – meaning time-consuming and costly. The right way…