Remove Accounts Payable Remove Expense Reports Remove Record Keeping
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Should I Automate My Business Processes or Outsource Them?

NextProcess

With SaaS, you’re “outsourcing” the software management to the supplier, but keeping the financial activity in-house. For example, accounts payable (AP) SaaS can auto-process most invoices, but your in-house AP department still oversees the software and processes invoice exceptions.

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Here’s How BPA Software Can Help Your Company Manage All Types of Expenses

NextProcess

For large companies in particular, it makes sense to divide up responsibilities for managing expenses. You’ll most likely have capital project management teams, procurement and accounts payable working together on operational expenses, and a travel and expense (T&E) department for employee reimbursements.

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Facilitating Your Spend Management: Automation for Every Industry

NextProcess

When you’re working to improve spend management, you’ll want to consider the whole procure-to-pay cycle from budgeting, to purchasing, to receiving, to accounts payable. Manufacturing— tighten purchasing controls, improve record keeping, and manage orders for supplies, parts, and raw materials easily with NextProcess software.

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Quality Bookkeeping: Your First Line of Defense Against Fraud

Bookkeeping Express

Regular monitoring and recording of bank transactions allow for the early detection of unauthorized transactions, such as fraudulent electronic transfers or forged checks, which could indicate embezzlement or other fraudulent activities. Accounts payable reconciliation. Approval and authorization records.

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How Accounting Automation Can Save Your Business Time and Money

Nanonets

Organized data management Automation in accounting improves data organization and storage. This results in better record-keeping and financial management. Improved security Accounting automation software uses encryption and security features to protect company records and data.

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Expense Policy 101: How to Create and Implement Your Business Expense Policy

Nanonets

Expenses between $100-$500: Department head approval. Expenses over $500: Require CFO approval. Approval workflow is integrated into the company's expense management software for tracking and record-keeping. Receipt and Documentation Requirements: All expenses must be accompanied by a receipt.

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How to streamline your Expense Reimbursement process

Nanonets

Inaccuracies in Expense Reporting Manual Data Entry Errors Mistakes in receipts and expense reports due to human error. Misinterpretation of Policies Misunderstandings about what constitutes a reimbursable expense can lead to incorrect claims. Expenses between $100-$500: Department head approval.