Ash Conversions Blog

Benefits of a Document Management System and 9 Things to Look For

Document management software is designed to assist in the creation, sharing, organization, and archiving of documents. A document management system aims to digitally organize all files and documents within an organization so that they can be easily accessible and placed in a single central location.

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How Automated Systems Give You More Cash Flow Control

While many companies still process their accounts payable manually, automating the process offers a huge opportunity for accounting teams to modernize their businesses. As technology continues to advance and automation becomes the norm across multiple sectors, continuing to process accounts payable manually no longer means maintaining the status quo, but potentially falling behind.

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How to Properly Implement Accounts Payable Automation Within Your Organization

When it comes to Accounts Payable, a company's accounting department has to handle two primary duties. The first is to process invoices from vendors and the second is to make sure that payments are sent out in a timely manner. Fulfilling these duties requires the accounting department to perform a number of individual tasks. These include ensuring invoices received are properly approved, managing cashflow and issuing payments and troubleshooting any problems that may arise in the process.

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How Automated Systems Are the Future of Finance

Automation is the way of the future, especially when it comes to areas like HR, marketing, and, particularly, finance. An automated workflow system will not only increase productivity and efficiency but also allow for more improved accuracy. Anyone who works in finance will tell you that accuracy is crucial to a company’s success. Even if one digit is entered incorrectly, it could cost a business tens of thousands of dollars. Thus, automation is not only becoming more popular in finance but is now the industry standard.

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Advantages of Automated Invoice Processing

Automating your invoice processing systems is one of the quickest ways to improve office efficiency. Not only will it allow your employees to work faster, but it will also cut down on the time it takes for your business to get paid. With today’s technology, there are many opportunities to implement workflow automation across all areas of your company — including Accounts Receivable. From reduced paper costs to improved employee productivity, here are some advantages of automated invoice processing.

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