Once viewed as little more than chief accountants, CFOs are now considered valued members of the C-suite team.
There are many instances in which OCR technology can be helpful in finance. Repetitive and high-volume tasks can be improved by using OCR software.
Spend management has evolved exponentially, and in just a few years, technology has taken it further than ever before.
These 12 best practices in AP automation that will facilitate a smooth and seamless AP automation workflow no matter the size of your business.
Understanding spend management best practices will facilitate you in creating and implementing an efficient and productive spend management system.
By leveraging the power of financial technology, companies can complete processes that were formally done manually more effortlessly and cohesively.
Spend management is often confused with expense management and vice versa. However, the two are distinctly different.
With increased control over financial processes and data, an organization can make better decisions for the company's financial health.
By taking the time to develop and execute an effective spend management strategy, a company can protect its interests.
Accounts payable automation involves implementing effective technology that will be able to perform tedious data entry and time-consuming manual tasks.
When considering how to achieve operational excellence, it helps to have markers by which a company will know that they have achieved its objectives.
With the current economic climate showing signs of uncertainty and unpredictability, it is imperative for VPs of finance and other business leaders to consider implementing Fintech in their operational planning strategies.
Getting rid of inefficiencies in a company’s financial profile is key to ensuring that a business can maximize its assets and attract investors.
Analyzing the best methods for achieving operational efficiency begins with examining the current state of affairs and noting what changes are needed.
Operational efficiency refers to how a business uses its resources, conducts its processes, and sets up systems to reduce extraneous expenditures and maximize profits.