What are accounts payable controls? There is a short answer to this and a long answer. The short answer is that it is the mechanism created to mitigate the risk of losses on the side of the AP team and, subsequently, the company. Coming to the long version of the...
[vc_row][vc_column][vc_column_text]Change is always a prospect that is hard for people to harness. AP automation projects can be one such big change that people find hard to settle into. Implementing automation into a manual AP workflow can be hard because of employee...
It is normal for people to want to jump the gun when it comes to improving the pain points of their businesses. Before anyone makes any large decisions, it’s better to take a step back and realize what sort of problems you want to solve within your business. It’s easy...
Invoices are crucial pieces of documents for any existing business. These documents elaborate on all the necessary payment details you need to pay to your suppliers and form an important part of your accounts payable department. Also, invoices are the proof of your...
The economy has stepped into the era of digitalization, where every factor now has an undeniable influence by the latest technologies. Due to this, businesses around the globe have been able to make impeccable progress, quickly adopting an entire ecosystem that...
Managing business expenses is a crucial job for employees, and that is what the accounts payable department deals with. Anything that is purchased by the company is directed towards the accounts payable department. Here, the invoices are put into records, approved,...