Choosing the right back-office solutions can feel like navigating a maze. For businesses looking to optimize their back-office operations, the decision may come down to two entirely different solutions: a comprehensive, multifaceted ERP system or a more agile,...
Invoice processing can be a major drain on resources for finance and accounts payable teams, especially when dealing with invoices that don’t conform to a standard template. Manually keying in data from these non-standard documents is time-consuming, prone to...
Is your AP team constantly fielding calls and emails from vendors asking about invoice status? Are you juggling multiple backend systems, trying to provide a clear picture of payment progress? If so, you’re not alone. Many companies, especially those with...
Choosing the right back office technology is a critical decision for any organization. It can be the difference between streamlined, efficient operations and a mess of manual workarounds, half-working systems, and imperfect solutions. Financial back office technology...
Balancing fraud prevention with a user-friendly vendor experience is a critical challenge for businesses today. Striking the right balance between the two is essential, as you need to protect your company’s finances without creating a vendor management process...
When it comes to developing and implementing new technology and systems for your financial back office, a common question arises: Should we rely on our internal IT team, or explore external alternatives? There are compelling arguments for both approaches, and...
Budgeting season is a critical time for all businesses, but particularly within the financial back office. It’s a period of intense scrutiny, forecasting, and strategic planning. The pressure is on when it comes to saving money, and creating more value from the...
With technology becoming more and more advanced, keeping up with the trends is no longer enough for companies to thrive. Instead, businesses must stay on the leading edge, and that means embracing AI in the financial back office. If you haven’t already started...
When your financial institution is looking to implement new back-office systems, whether it’s for accounts payable, general ledger, or expense management, you’ll inevitably encounter a fundamental decision: Should we configure an existing solution, or opt...
Efficient invoicing is crucial to maintaining strong cash flow and accurate records in your organization’s financial back offie. But with so many ways to receive and process invoices, how do you choose the right approach for your company? This blog post will...
