Automated Payment Reconciliation: Making Companies More Responsible
[vc_row pix_particles_check=””][vc_column][vc_column_text]Ask any old-time professional working in the finance sector what part of their job they wish to avoid the most, their instant reply would be payment reconciliation. Payment reconciliation involves rigorous checking of accounting records and bank statements to ensure that every official payment gets accounted for and that all balance sheets match eventually. […]
Accounts Payable Best Practices That You Should Definitely Know
[vc_row pix_particles_check=””][vc_column][vc_column_text]The accounts department of every organization has a big responsibility on its shoulders. They not only have to account for the revenue generated by the company but also keep track of the liabilities that are getting added to the company’s record. Every company, whatever industry it may be in, has to pay its bills […]
Straight Through Processing for Insurance Industry
[vc_row pix_particles_check=””][vc_column][vc_column_text]Insurance is an industry that has to process an enormous amount of documents on daily basis. Human resources is a core aspect of the insurance industry due to the lack of automation at various levels in an insurance firm. Straight Through Processing (STP) is one such processing automation layer/characteristic that will allow insurance organizations […]