Accurate expense reporting hinges on data clarity at the source – namely, invoices and receipts. However, the traditional way of capturing invoice and receipt data opens the door to both data error and fraud. According to a recent report, 78% of finance professionals believe that manual data entry and processes result in compliance breaches, lost …
How Invoice and Receipt Data Extraction Enables Seamless Accounting Read More »
Small businesses are the lifeblood of the US economy. According to the Small Business Association, small businesses make up 99.9% of businesses and employ nearly half of all workers. At the same time, nearly one in three small business owners are still using their personal bank accounts for their business. Financial institutions are the key to …
How to Support Small Business Customers Better With SKU Level Data Read More »
The true competitive advantage for any organization is access to data, and nowhere is this more true than in the finance department. However, translating data points into action remains less clear for CFOs and VPs of finance looking to solve payment challenges. Cross-border business, an ongoing pandemic, and narrowing margins in an uncertain economy only …
CFO Guide: Data-Driven Approach Towards AP Automation Read More »
Over the decades, business process outsourcing (BPO) has shifted from primarily a cost-cutting measure to a method of supporting in-house staff. And with the ongoing labor shortage, offloading some of the responsibilities through outside expertise just makes sense. Already 57% of businesses outsource different processes to better focus on their core business functions and operations. …
Business Process Outsourcing For AP Data Capture Read More »
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