Every audit boils down to the risk of a material misstatement in the numbers. It’s up to you and your finance team to ensure the lowest possible risk of errors. In this two-part blog post I’ll examine what it takes to consistently produce audit-ready financials.
Growth is great. It means more revenue, more employees, and more opportunities. However, along with growth come growing pains. A typical growing pain for most companies is having to switch accounting systems to keep up with the additional volume of invoices and complexities of your business.
I have written about Accounts Payable Automation and Document Management, but I have never written about the two in a head-to-head comparison. I often get a lot of questions from people wondering what the differences really are, and how to select the write solution. So, I decided to write this blog to assist in differentiating the two.
Last week I was sitting on the beaches of Key West, Florida enjoying a tropical beverage, and had a pang of responsibility that traveled all the way from Charlotte, NC to remind me that work would be resuming this week. I really tried to let my out-of-office message do its job, but I found my finger on the email icon on my iPhone faster than I’d found my way to the Tiki lounge that afternoon.
I've made it no secret that I work with a lot of companies in the middle market. I've traveled across the country speaking at any event that has an audience suited for AP Automation, and my take away from all of this traveling is that most large companies are already automated. Therefore, attention has turned to mid-market companies (it’s about time!).