In an era defined by rapid technological advancements and evolving business landscapes, Chief Financial Officers (CFOs) are continually seeking innovative ways to enhance operational efficiency and drive strategic growth. One area where CFOs can significantly impact their organization’s bottom line is through strategic accounts payable (procure to pay) outsourcing. As businesses navigate the complexities of […]
The management of a restaurant’s financials is incomplete without the incorporation of the pivotal restaurant accounts payable process. Proper handling of accounts payable guarantees timely payment to suppliers and vendors, resulting in the seamless operation of a restaurant. Nevertheless, the processing of accounts payable can be intricate and susceptible to mistakes. This article delves into avoiding typical […]
Technology in accounting grew many times over but so did the sophistication of payment frauds. More than 78% of the businesses experienced an attempted or an actual B2B payment fraud in 2021 alone. And almost all of them involve fraudulent invoices. Accounts Payable – A Ripe Ground for B2B Payments: There was a time when […]
Cloud Based AP Automation is a system that facilitates the smooth management of account payable processes using cloud-based software. Cloud-Based servers are much more efficient than on-premise bookkeeping as they provide many advantages including reduced costs, computerised data importing and processing, enhanced security and data storage and backup. The cloud is transforming how organisations run. […]
No other branch of accounting is as complex and as tedious as manual Accounts Payable when a business process a large volume of invoices every month. Every step of the process right from the invoice capture to payment processing is riddled with challenges that cost time, money, resources and even financial discrepancies. Fortunately, due to […]
Accounts payable is an unpleasant task that most organizations, especially larger ones, must perform to maintain healthy cash flow and vendor relationships. This is often undervalued until a company’s reputation and how quickly it fills orders become important for getting the best price. Unfortunately, AP teams must deal with a wide variety of such issues […]
Client: An event management company based in Atlanta, GA, United States, provides comprehensive catering, floral, design and decor services to corporate, wedding and social events. They manage an average of 2000-2200 events every year and as a result, there are always in need of top-notch accounting work which they weren’t able to receive in past few […]
Outsourced bookkeeping and accounting services have been a game-changer for small and medium business that look for accurate, streamlined and efficient bookkeeping and accounting services without having to set-up a dedicated accounting department of their own. Outsourced accounting services save time, money and give flexibility to scale-up or scale-down based on the accounting requirements while […]