February, 2016

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Outsourcing your Bookkeeping

Acton Accounting & Bookkeeping

Small business owners and professionals are discovering that outsourcing your bookkeeping saves payroll , overhead cost and it’s a giant step in freeing up valuable time. For many owners,just the effort of hiring, training and managing a bookkeeper can take as much as 5 hours a week and if you’re doing the books yourself the numbers are even worse.

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Is Invoice scanning obsolete?

CAAPS

Times change. And so does technology. Is invoice scanning obsolete? Eight years ago, I was like most vendors. I preached the virtue of scanning invoices. I waxed eloquent about how it saves time with filing and storage costs. Today, I’d have to ask why any organisation would do invoice scanning. It means investing in a scanner. Not to mention doing all that manual work – something I’ve found accounts payable staff hate and usually aren’t very good at.

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Ask the AP Automation Expert: Solutions Consultant Rhonda Greene

AvidXchange

Rhonda Greene has served in several integral roles for AvidXchange over the last few years, including Vice President of Payment Services. Rhonda has been in the accounts payable world for more than 20 years in various roles, and has witnessed the transition from paper-based processes to completely automated AP and payment processes firsthand. Rhonda enjoys sharing her best practices with other financial professionals to help them navigate day-to-day AP challenges.

AP
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Should I Outsource my Accounting and Bookkeeping?

Acton Accounting & Bookkeeping

The entire accounting function of your business can be outsourced. We can perform all transaction processing, accounting, cheque preparation, payroll, and filing off-site. Here is how it works: We are provided vendor invoices, deposit reports, government forms, and other source documents from your business on a regular basis. We can process your transactions in Simply Accounting or QuickBooks and prepare cheques to pay your vendors.

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8 Ways to Torture Your CFO

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

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Increase the use of purchase orders in your organization

CAAPS

I’m often asked how to get one’s staff to increase the use of purchase orders. That can be a bit sticky because most of the people in your organisation probably have no idea why purchase orders are so important – they just appear to be an admin process that wastes a lot of time. Just more paperwork? They don’t realise that purchase orders can give management a long-term and accurate perspective of the company’s financial position and commitments or that purchase orders en

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Email invoices tax compliant? SOX?

CAAPS

Is your handling of invoices tax compliant? Receiving invoices by email is both a blessing and a curse. Which you get depends on how well set up you are. For example, many of the accounts payable staff I talk with tell me that they hate getting email invoices. They have to print them out so they can be processed. Even companies that scan their invoices find themselves printing them out.

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Why Automate Accounts Payable?

CAAPS

Why automate accounts payable? Accounts payable departments often use lots of paper and manual processing is one of the most expensive components of the business accounting cycle. Accounts payable typically requires manual data entry and significant labor costs. Manual data entry is also error-prone. Susie West of Ardent Partners presented a survey (What Makes An Accounts Payable Function Best-in-Class?

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10 barriers to transformation

CAAPS

Large technology projects are often described as transformation projects. These projects significantly change the way organisations conduct their business and how work gets done. Unfortunately, the reality is that the success rate of transformations is less than 40%. Why do so many transformations fail? What are the barriers to transformation? There are many common barriers to success.

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How to secure against fraud in e-invoices?

CAAPS

Secure against fraud in e-invoices: digital signatures embedded in documents have become an essential part of e-business. Not to be confused with digital certificates, digital signatures allow you to verify that a document is genuine and that it has not been modified in any way. Signatures are embedded securely while not visible on the image. If anybody attempts to tamper with the document, the signature is instantly removed.

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What is PDF/A and What Are The Benefits?

CAAPS

This white paper uses a variety of trusted sources to explain the significance of new Portable Document Formats (PDFs). “Traditional archiving methods such as paper and microfilm guarantee reproducibility but have been superseded by new technologies. The popularity of PDF (over TIFF) grew for a variety of reasons but the format’s proprietary nature meant that reproducibility over years could not be guaranteed.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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How does accounts payable automation with CAAPS work?

CAAPS

The process of accounts payable automation with CAAPS is far simpler than you would expect. To help demonstrate, let’s look at how a traditional AP process compares to an automated process. The traditional accounts payable process Invoices are received by account payable. Our annual Accounts Payable Benchmark Report measures the productivity of AP operations.

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AvidXchange™ Welcomes Nigel Morris to Its Board of Directors

AvidXchange

We’re pleased to announce the addition of Nigel Morris to AvidXchange’s board of directors. Nigel Morris is the managing partner of QED Investors, a direct investment fund focused on high-growth companies that leverage the power of data strategies. In addition to his work with QED, Nigel works in an advisory capacity with General Atlantic Partners and Oliver Wyman Consulting.

AP