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Showing posts from June, 2022

5 Signs Your Business is Suffering from Invoice Fatigue

  Fortunately, keeping an eye on the well-being of employees and departments within your company as a whole is becoming a larger priority for business executives. The recent pressures of doing business during the coronavirus pandemic, dealing with a global supply chain crisis, and dealing with the impact of territorial conflicts and environmental disasters, to name a few, have placed unprecedented stress on individuals attempting to maintain a healthy work-life balance.   So, let's take a look at accounts payable, invoicing management and processing, which are some of the most important corporate operations for keeping a healthy cash flow.   The Importance of Recognizing Invoicing Fatigue Warning Signs   The importance of invoice management, which includes processing, delivery and payment collection to cash flow and liquidity cannot be understated. Anything that goes wrong with this process, or even just slows down the AP process, should be highlighted as a threat to the company&

Finance Departments are Accelerating Their Automation Journey

  Global financial departments are under intense pressure to enhance efficiency, lower costs, and increase productivity while technology advances at a breakneck pace. Indeed, finance departments led by CFOs must now make a significant transformation from traditional, redundant structures to vast, frequently worldwide ones. The automation industry is a significant part of this change, with robotic process automation (RPA) and automated invoice processing playing a key role in strategy and execution to meet these requirements. RPA automates applications and systems by combining robotic automation and artificial intelligence to perform repetitive, human-executed processes. Intelligent automation is another name for it, and it refers to any software system that can be trained to perform tasks that previously required human intellect. Key Highlights ·          Companies' digital transformation efforts are increasingly reliant on artificialintelligence (AI) and automation. The fin