There is an ongoing question about the best way to tackle process improvements in finance departments; is technology the most important factor? Or is it the people? Does one outweigh the other? Or is a good balance of both ...
The goal of accounting processes is to accurately report on a company's financial health and to record all transactions. Accounting processes are vital, but it is well known they are vulnerable to threats and concerns with ...
DocuWare is a powerful and dedicated document management system that enables organisations to automate GL coding and benefit from reduced errors, faster processes and improved efficiency.
Poor invoice processes can have some terrifying effects on a business's cash flow and overall financial health. When invoices are not processed efficiently, payments can be delayed leading to potential petrifying cash flow ...
Financial processes are not just important, but absolutely crucial to the success and growth of any organisation. They serve as the backbone of a company, ensuring that money flows seamlessly through every department.
3 way matching in Accounts Payable safeguards businesses against the threat of fraud, over payment and provides control over spending. Automated 3 way matching gives business owners the security they need to ensure only ...
The accounts payable process is vital and no business can exist without it. How efficient accounts payable teams are relates directly to the financial stability of an organisation.
Modern businesses are always on the look out for new tools and solutions to increase efficiency and improve processes. It is why finance teams implementing workflow software reap the benefits compared to their competitors, ...
Improving and ensuring document security needs to be a priority given the confidential nature of a large amount of information processed by businesses. Fraud, fines and legal action are all potential consequences of data ...
How long it takes to process an invoice will differ depending on the number of invoices received, internal processes and the size of the organisation. We hear from our prospects it can take two weeks, if not longer. If it's ...
Having an efficient document approval process in place that can adapt when approvers are on holiday or working from home, can make all the difference. It ensures bottlenecks do not appear, that documents are approved in a ...
Purchase to pay is the full end to end process an organisation will go through from the initial order request of goods or services, through to delivery and payment. It can be called a variety of different things including ...
