Let’s face it: Cash is outdated and has been for some time. So how do you get your money in a safe, timely manner? In this article we take a look at possible payment methods and weigh the benefits against the drawbacks.
The field of accounting has been especially influenced by the advancement of technology in the workspace. In this article, we discuss the changing field of accounting, how technology benefits the accountant and common services used by accounting firms.
During a pandemic, the longer you wait to automate, the more you risk your department becoming obsolete. Even though times are challenging, the time is now to automate more of your operations.
As accounts payable departments have evolved, so has the need to stay updated about its future and how much more it may change with current technology – let’s take a dive into the evolution of accounts payable and how the job description has changed over the years.
Anytime you find out an employee is committing fraud in your company, it hurts. For our last entry in our three-part series, we’re going to cover a source of fraud that sometimes hits on a more personal level–kickbacks.
In the second of our three part series on AP fraud, we tackle expense account and ACH fraud. What can you do about these internal and external threats?
Life used to be much more simple when you gave your best friend a few bucks out of the till because they helped you hock lemonade during summer vacation. Unfortunately, the simple quid pro quo days of childhood only last so long.
To assess the efficiency and success of your accounts payable department, it is important to put an emphasis on not only the quality of work, but each employee’s specific productivity levels, and the overall costs of what it takes to keep your department completely functional and running.
What are the specifics of how automation within AP departments will change the way things within your company?
What makes financial professionals hesitant to move forward with automation? How to take steps towards overcoming worries and reassuring AP employees everywhere.