Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. This could also lead to late payments or in some cases potential vendor fraud. Today, you can automate these processes using…

Introduction Cash reconciliation remains a critical process in today’s retail environment, despite the shift from traditional cash registers to advanced point-of-sale (POS) systems. This crucial accounting task involves verifying that the cash received from sales aligns with the transactions recorded, ensuring financial accuracy. Conducted typically at the close of a shift or business day, cash…

In the bustling world of business, managing accounts payable and invoice processing manually is becoming more and more challenging. The challenges are numerous: painstakingly slow manual data entry ever-present risk of human error lack of efficiency in the approval process Businesses are constantly seeking ways to streamline these critical operations. Today, AP automation…

The travel industry often struggles with long processing times at check-in and security, causing congestion. Manual verification of IDs and travel documents is time-consuming. Immigration officers have difficulty quickly validating identities and spotting fraudulent documents when manually reviewing visas and passports. Airlines endure tedious data entry work extracting information from paper tickets and forms, increasing…

In this blog, we will explore the essential task of filling out receipt books, a foundational element of financial record-keeping for both small and large businesses. Documenting transactions in receipt books ensures accuracy in financial management, compliance with tax regulations, and the ability to resolve discrepancies with ease. We will walk you through the basics…

Procurement is a pivotal function for any business upon which the pillars of strategic sourcing and cost management rest. This is more than just buying; it's about acquiring goods and services in a way that optimizes value for an organization. Ultimately, understanding and refining this process is essential for steering your business towards more profitable…

OCR (Optical Character Recognition) is a game changer for anyone who works with PDF documents. PDFs are notorious for being difficult to edit and search through. When you OCR a PDF, it ensures the text is scanned and extracted, making it fully searchable, editable, and accessible.  In this guide, we will compare various methods of…

Smart entrepreneurs know the devil is in the details—particularly when it comes to financial clarity. At the heart of such clarity is the strategic step of categorizing business expenses. This means meticulously sorting every dollar spent into clearly defined buckets, enabling a bird's eye view of where funds flow. In this blog, we're diving into…

Accounts payable and spend management platforms are a tricky selection to make; many offer a range of services that can either be “too much” or “too little” for your business, depending on your needs. At the same time, though, there’s a glut of information available that makes determining the best platform for your needs a…