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That’s where the best accountingsoftware for CPAs and accounting firms comes into play. Customer management software enables businesses to organize and track customer information, deadlines, and conversations, resulting in more efficient interactions and improved client satisfaction.
billion in 2026, quadrupling from 2022. According to The Federal Reserve , at launch in July 2023, 35 financial institutions were participating in the FedNow Service Network. Customizable approval hierarchies and audit trails help AP teams retain control over their processes. As of May 2024, that number had ballooned to 758.
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Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements.
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