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Plus, SaaS BPA solutions collect data automatically and make it easy to run reports to use in strategic planning. NextProcess ExpenseReport Software is a comprehensive solution to centralize and automate the T&E process. For those managing expensereporting, the software provides complete visibility into the process.
Reconcile the agreed amount of transactions by the agreed timeframe. Prepare employee expensereports. for the entirety of fiscal year, 2021. Match business bank & credit card transactions to the respective sales & purchase invoices. What’s not included unless otherwise specified: Pay suppliers.
For example, mid-sized businesses in the United States reported that they were on average owed $304,066 by customers who pay late. Additionally, a staggering 81% of these businesses reported that the severity of these late payments has increased since 2021. All of this can be avoided with automated AP processing.
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