Accounts Payable Automation
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Calm Seas Don’t Make Good Sailors – #APAutomation
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I am late to the Walking Dead movement, so I made a pledge that I would catch up thought Netflix while riding my bike. Don’t worry it was a stationary bike. I was well into achieving my goal when I came across an episode where the crew was in a prison and in the beginning of the…
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Best Practices for Managing Internal Fraud #APAutomation
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Fact! Expense reimbursement fraud makes up about 15 percent of business fraud with a median annual loss of $26,000.* * Report to the Nations on Occupational Fraud and Abuse, 2012 I have come to realize that accounting and finance people are always on the lookout for a great story about catching the bad guy or…
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Assess Your Weaknesses
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There was book written several years ago called, “Now, Discover Your Strengths”. The point of the book was for a person to not concentrate on their weaknesses but to put themselves in a position to capitalize on their strengths. The book also advocated that companies or managers of division should put their people in a…
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Adopting Electronic #Payments – #ePayments
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There has been more interest in companies paying their bill using virtual credit cards as a form of payment. Virtual credit cards (VCC) are a secure source of payment that is easy to create and easy to apply, and the great news is VCC will put you in a position to get a rebate, and…
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Mobile Apps and Accounts Payable Automation
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A lot has been made about adding a mobile app to a software platform like AP Automation. Let’s face it, we now live in a mobile society. When I was in college one of the things that people (randomly) thought that was cool about my dorm room was the fact that I have a twenty-foot…
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7 Little Known Facts About AP Automation
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I like giving people the inside scoop. I almost believe that when it comes to AP Automation, my entire professional career is dedicated to telling people things they don’t know. There is nothing like a good “ah-ha” moment for a person. Especially a person that has been looking at a problem for a while and…
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Creative Destruction and AP Automation – How Safe Is Your Job?
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Job security is one of those things that people think a lot about. It used to be that when you got to a certain age you took a job and stayed in that job until you reached another age and that job would pay you to do whatever you want. Just thinking about that makes…
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Why Accountants Don’t Get Asked To Parties
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I don’t know if that’s 100% true. I have been to a lot of parties with accountants, but come to think of it they have all been at accounting conferences. I do have a goal at each conference to be in my room by 9pm which insures that I am out-of-the-way of the heavy partying.…
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6 AP Automation Tricks Every Accounting Pro Should Know
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I am sure you have heard of tools of the trade or tricks of the trade. AP Automation is no exception there are some tricks that you should know, even if you have had no paper in accounting for 10 years or you are just getting started. Trick 1 – Time I wanted to get…
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When To Check On Your AP Automation Metrics – A Simple Guide
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I have recently been on a fraud kick. No, not where I am stealing from my company or cheating people. I have been doing a lot of talking about writing about the benefits of AP Automation as it is connected to fraud prevention. Process One thing that the data and experience is showing is that…