6 Common Accounting Errors and Corrections in the AP Workflow
Accounting errors are serious business. And, unfortunately, they are incredibly common. Human error alone makes up 41% of inaccurate numbers in reporting. Finance professionals report that manual processes in accounting largely lead to lost documents, compliance breaches, and reduced productivity. While accounts payable professionals follow accounting principles, it's easy to see how someone would make …
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How to Select the Best Integrated Payments Partner
2022 is moving quickly and will shape up to be a ‘year of thriving’. When seeking a payment provider there are many choices and important factors to take into account. A provider should be first and foremost, a FinTech company, focused on automating financial services through integrations. The payments provider should also be a payments …
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Nimble Digital Payment Models for 2022
It is now 2022, and we have returned to work at a steady pace. The way we work, the way we communicate, and the way we prioritize our time is digital first, every day, all day. We have witnessed the boom of e-commerce, the rise of digital banking, and even contact centers applying decentralized work …
Credit Card Reconciliation with Gorilla Expense
The corporate card is hardly immune from credit card fraud. In fact, fraud nearly doubled at 57% in just Q2 of 2020. But matching transaction data through credit card reconciliation is a slow, painstaking process. It's not surprising that verifying expense reports through credit card reconciliation is probably one of the least liked tasks for …
Lawson INFOR Expense Automation 101
With over 70,000 customers worldwide, Lawson INFOR is a premier business software across several industries. Robust and easily customized for unique needs, AP teams know INFOR more for its expense management capabilities than anything else. An upgrade from the regular spreadsheet, the Lawson INFOR expense management dashboard is fairly easy to use. There's just one …
Let SourceDay Help You Go Paperless with Procure-to-Pay Automation
You’re a NetSuite user. By definition that means you’re cool and hip. You know what isn’t cool and hip, though? Paper. Paper is ancient history–or at least it should be when it comes to running your business. But I bet right now you’re not paperless. You may not even be close. And all that paper …
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10 Important Tips to Maximize the Success of Your AP Automation
By now, most accounts payable professionals and CFOs know how revolutionary an AP automation process can be. But understanding a solution and implementing it are two very, very different actions. High cost, competing priorities, and worries over measurable ROI all play a part in automation hesitancy. But team buy-in can also prevent much-needed changes from …
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How to Choose a Time Tracking App for Your Project
Time theft, time spent in the workplace on unproductive or unrelated tasks, affects over two-thirds of businesses. To combat this problem while boosting productivity, companies invest in time tracker tools—and with great success. In 2020 alone, companies recovered, on average, $666,400.00 in annual wages after implementing time tracking software. The question isn't why companies should …
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6 Best Practices for Expense Management with Microsoft Dynamics 365 Business Central
Before splitting payment methods for a single invoice or compiling stellar reports, there are a few best practices to follow when planning to add expense automation to your ERP. Applying the following concepts to your new Dynamics integration will allow your team to gather granular data for each expense. In turn, you'll be able to …
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6 Challenges Accountants Face in Implementing Digital Transformation
Digital transformation—in all its forms—has been a business talking point for over 30 years. But only in the last decade have organizations truly seen the value of a successful digital transformation strategy. For example, a 2020 Deloitte study discovered that digital technology accelerated business goals by 22%. Not only is implementing a digital strategy an …
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