Category: Articles

The Importance of Using Corporate Credit Cards for Your Business As a business owner or manager, managing cash flow and ensuring efficient financial operations are critical to long-term success. One powerful tool that can significantly streamline these tasks is the corporate credit card. By separating personal and business expenses, corporate credit cards help provide clarity
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Why Manual Invoice Entry is Holding Businesses Back in 2024/2025 As we move into 2025, the drawbacks of manual invoice entry are becoming increasingly evident, particularly for businesses aiming for efficiency and accuracy. Manual processes are time-consuming, requiring significant employee hours for data entry, validation, and reconciliation. This not only slows down operations but also
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2025 and Beyond: Why Automation is Essential for Modern Workplaces Unlocking Growth Potential In today’s fast-paced business landscape, Small and Medium-sized Businesses (SMBs) are constantly challenged to optimize operations, reduce costs, and drive sustainable growth. Amidst this dynamic environment, the significance of back-office processes cannot be overstated. Often overlooked internal operations encompass tasks such as
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Complex Spreadsheets Hurt Organizational Productivity There are numerous ways that companies organize their businesses and many choose to use spreadsheets as a key part of the process. It is evident that many people are familiar with Excel and that it provides an easy solution for managing company expenses. The problem with spreadsheets is that they
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Companies Waste Thousands of Hours Annually Doing Manual Expense Reports Completing manual expense reports is a labor-intensive and costly process. According to 3,000 Hours Wasted On Expense Reporting by PYMNT, 20% of manually-completed expense reports contain errors. Correcting and perfecting expense report errors cost companies an average of 500 thousand dollars annually. The error rates
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The Cost of Doing Business in Excel Businesses spend large amounts of time and money ensuring that their excel spreadsheets do not contain errors. However, it is not enough. Studies find that over 1% of formula cells contain errors. These small mistakes cost companies billions of dollars every year. As versatile as Excel sheets are
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