Apps can extend the value of your accounting software by delivering functionality unavailable with your backend system. Examples of apps currently available for the leading accounting systems include:
Efficiency. Productivity. Cost savings. Those are the typical benefits attributed to payment approval workflow (PAW) solutions, and they are compelling. But other reasons justify investment in a solution that routes payment requests automatically to designated reviewers to approve; and that captures the audit trail between receipt of the invoice and the ultimate payment. Consider the following benefits:
Change. For some people, it can be a dirty word. Change means adjustment, radical re-thinking and perspective shifts – all daunting thoughts for an industry such as accounting that is based on risk mitigation and regulations compliance.
Many articles tout the financial savings and ROI of moving from paper checks to electronic payments (ACH). How large is that number for your business? A previous blog postdetailed the costs of using checks. This blog post will discuss the the costs of using ACH and the calculation of ROI.
Michael Lewis is a former business executive who shares tips related to small business, entrepreneurship, and organizational behavior.
Nearly $10 per check. That is what market researchers estimate to be the cost of issuing paper checks. Contrast that with the roughly $1 per transaction for electronic payments (ACH). On the surface, that difference should catapult the migration from all paper checks to ACH to the top of your business priorities. But before you do, consider three critical questions:
Anyone who loves the Super Bowl has an inherent respect for the athletes that play in it. To qualify to wear an NFL jersey, players endure complex and science-driven trials that include physicals, body-movement screening, conditioning, proper nutrition and mental preparation. It can take years to develop and train to be a candidate to join a Super Bowl-eligible team.
Last week, the Bill.com Banking Platform was recognized by Business Intelligence Group (BIG), along with 16 other solutions, for innovations that “change the way we experience the world”. Submissions came from around the world and across industries, with a fascinating range of innovations spanning revolutionary tea brewing technology to intelligent door handles.
Has Your Business Optimized its Fraud Prevention Strategy?
Most resolutions are in the garbage can by February. But this doesn’t have to be the case. Here are some thoughts I shared with my team this year, which I’ve used to successfully lose more than 50 pounds in the last 8 months.