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5 Factors Construction Leaders Should Consider When Automating Accounts Payable

AvidXchange

The system “talks to” various computer systems in your company’s supply chain and main computer engine, the Enterprise Resource Planning (ERP) system. As a result, more financial software, applications, machines and computers can communicate with each other much faster.

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2-Way vs. 3-Way Matching: What’s the Difference?

AvidXchange

For instance, if you order financial software for your business monthly, you may want to do a 2-way match because you’ll be familiar with the costs and less likely to have a matching mix-up. But if you make a one-time purchase of a major database computer for your office, it may be best to use 3-way matching.

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Why 94% of Financial Spreadsheets Contain Errors (And What It Costs You)

NextProcess

Recently, a literature review published in Frontiers of Computer Science collected and examined 35 years worth of studies on spreadsheet errors. Software-as-a-Service (SaaS) providers like NextProcess make implementing a new software solution in your company simple.

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3 Biggest Myths about Accounts Payable Software and Services

AvidXchange

2: AP automation is too hard to implement and takes too long Many AP managers and controllers are concerned about learning how to use new financial software. Finance teams don’t have to buy and integrate expensive new hardware or computer servers. AP software providers take care of whatever integration work is needed.

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How to Untangle the Construction Industry’s Payment Problems

AvidXchange

Answer: Integrate all into one automated system Simply integrate all payment, invoice and accounting software into a single automated system viewable on one tightly integrated computer dashboard. They can look at the automatically linked invoice and payment digitized documents side-by-side on a single computer dashboard.

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10 Ways to Prepare a Cash Flow Statement Model That Actually Balances

Invoicera

It takes a lot of time and effort, mainly if you must perform all the computations yourself. Calculate the Net Working Capital Your cash flow statement model’s net-working capital column is computed by deducting current liabilities from current assets. It is exasperating and causes a headache. Thanks for reading!!

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How Cloud Tools Make It Easy to Outsource Bookkeeping for Small Businesses?

CapActix

As financial software developed, small business owners had options previously exclusive to large corporations. Outsource bookkeeping for small business through the use of cloud software. What Cloud Tools Really Do Cloud-based tools let users manage, access, and share financial data from anywhere. Mistakes were rampant.