Invoice management is at the core of accounts payable (AP) for small businesses.
However, adopting electronic invoicing (e-invoicing) has become one of the top challenges that small businesses face while processing high volume invoice transactions from their suppliers or trading partners. (more…)
Picture this: You have a pile of invoices and expense receipts that need to be recorded in your accounting software’s general ledger before the fiscal year ends.
You could hire contract or freelance workers to help speed up the data entry, but that’s going to be expensive, and you’ll also have to invest some time for training. One way to boost your financial data management would be to automate the process, but that sounds complicated—and expensive.
Automation technologies, such as robotic process automation (RPA), can help you transfer financial data from primary data sources such as emails and spreadsheets into your database with great accuracy and speed without the need to hire more employees.
Six in 10 U.S. employees didn’t negotiate their salaries during their last job offers and lost out on earning $7,500 more per year. When staffing firm Robert Half surveyed more than 2,700 workers across 27 major U.S. cities, a mere 39 percent said that they negotiated their last job offer’s salary. Subsequent research from Glassdoor found that the average U.S. employee could be earning 13.3 percent more per year than their current base salary if they had negotiated. (more…)
A shortage of skilled candidates is the biggest challenge recruiters expect to face over the next 12 months, according to our survey of recruiters from September 2017.
In addition, more than two thirds of companies say that hiring experienced/qualified candidates has become more difficult compared to a year ago, while 29 percent say that retaining good employees has become more difficult compared with a year ago.
Artificial intelligence (or AI, as it’s commonly known) has power to change work in the short and long terms. Advances in techniques like machine learning (ML) and natural language processing (NLP) offer huge ways to help small businesses cut costs and differentiate themselves. (more…)