Financial and accounting related blog posts
Accounts payable and accounts receivable are two of the most crucial finance and accounting processes that must be carried out by all businesses and organizations. Comparing an accurate estimation of the company’s current liabilities against the expected revenue is the very first and most important step in cash flow management.
Whether we talk about financial institutions, consulting firms or industry-specific business, they all need streamlined finance and accounting services to optimize cash flow management. However, this involves several complex processes and an ever-increasing volume of financial data that needs to be sorted, organized and aggregated for faster approvals and balanced books.
Struggling with labor-intensive accounting processes? Finding yourself at a loss to follow the trail of money as it disappears into a maze of expense reports, invoices, accounts payable, payroll processing and more? Does tracking company money leave a bitter taste in your mouth every time? Are you thinking of outsourcing bookkeeping services at reduced costs?
While there are many available options to choose from, ARDEM offers you original bookkeeping solutions that offer greater accuracy and efficiency while processing your accounts at a much lower cost.
Is invoice management taking up most of your accounting department’s time? Do you constantly find yourself having to deal with delayed payments while struggling to clear an ever-increasing invoice processing backlog?
If so, then it’s high time you adopted a smart solution to streamline your processing workflow and outsourced your invoice processing services.
Businesses are relying on outsourcing to provide a more cost-effective and efficient solution for the wide-ranging tasks of Finance and Accounting. For many businesses, finance-related tasks, such as accounts payable, are time-consuming and repetitive. Outsourced Finance and Accounting Processes allow businesses to focus on business growth. Read More
The cost benefits of outsourcing a business process occur in three phases. In order to continue benefiting from outsourcing, it is important to create a plan for growth and innovation.
The average accounts payable workflow is embroiled by a repetitive and time-consuming process. With an automated solution, it allows businesses to better utilize and allocate their resources to maximize business efficiency. Lack of visibility increases the risk of errors and lost invoices which further increases the cost to process an invoice. Accounts payable departments are pressured with the need for real-time data, shorter cycle times, and lower operational costs. So, what are the best practices to automate your accounts payable process? Read More
Your accounts payable department is responsible for handling the flow of your business’ finances. Ensuring that the AP process is accurate and efficient allows you to maximize your ROI and maintain a positive relationship with vendors. As a business grows, the inefficiencies of manually processing invoices in-house quickly become apparent – not only is this a slow process, but it also becomes costly to manage. In this blog post, we identify some of the challenges ap processing such as having an overqualified team manage your accounts payables. Read More
One of the biggest challenges of invoice processing is the time consuming in-house process which requires multiple users to enter data into various document management and software systems. Invoices need to be received, reviewed, and approved before payments can be made making turnaround time and accuracy very important. So how does outsourcing accounts payable automation services improve your business? Read More
The greatest challenge for any law firm revolves around time. With deadlines and time constraints lawyers should not use their time on back-office tasks which is why many choose to outsource application processing. Read More
