Accounts payable management can be a huge headache for lots of companies, with payments constantly going out and internal systems that can be vulnerable to human error. Some small companies can manage to keep track of duplicate payments manually, however, larger companies have a lot more purchase orders to process, and their purchasing processes can […]
Research has shown that duplicate payments can account for between 0.05 and 0.1 percent of transactions. This means that up to one in every thousand payments will be unnecessary. Not only that, but this is just one of many different forms of accounting error – which may be caused by human error or deliberate fraud. […]
Bacs has been around for 45 years now. Despite this longevity, and its track record of being quick, easy and secure, bacs software has not been universally adopted by businesses and other organisations. It tends to be the smaller outfits who avoid it the longest, for obvious reasons. However, instead of making bacs payments, many […]
Keeping on top of your financial transactions is a must for any business. If things get disorganised, not only will your suppliers put you on their black list, but your staff will not be happy, your cash flow will be sluggish, and the professionalism of your business will be tarnished. Clients will not be impressed […]
