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In addition, the solution integrates with spend management solution Airbase , which means organizations can now manage both payroll and non-payroll spend in a single system grounded in the employee record and integrated with their ERP software. Ryans solution automates this process using statistical sampling in accordance with IRS Rev.
Doximity’s journey to Airbase. Public company Doximity has transformed its procurement — thanks to Airbase’s Guided Procurement module. “The Speaking with Michael at a recent Ascent webinar, Alex explained the challenges Doximity faced with procurement and how Airbase has helped. Doximity’s journey to Airbase.
As the category leader and pioneer, Airbase is the first and only spend management platform to now offer Guided Procurement — intake functionality for all purchasing. Any employee, from anywhere in the world, who needs to spend company money can now rely on Airbase to direct them through the process.
Kelly Hicks and Robin Sharma share advice after Airbase successfully completes its first external audit. Few milestones in a company’s lifecycle demand a more focused response from finance and accounting than the first external audit. When is the right time for a company’s first audit?
We can break out our recent product advancements into three categories: The big changes that let you expand into other areas with Airbase, like travel booking. Here’s an overview of what’s new in Airbase, organized by three categories. Table of contents Changes that extend the reach of Airbase, so you can do more.
Top 12 expense management tips for businesses in 2024 Get started with Airbase Expense Management. Schedule a demo Learn how Airbase can transform your entire purchasing process. With Airbase’s mobile app , submitting an expense is as simple as taking a photo. Miraculously, that’s how I knew how great Airbase was.
Because of these serious consequences, we take sync errors very seriously here at Airbase, with concerted and ongoing efforts to minimize them toward zero. Transaction software like Airbase performs specialized finance functions that then must get synced into the GL. What do I need to know about sync errors?
12 best practices for expense management Get started with Airbase Expense Management. Expense Management Tour Take a self-guided tour to see how managing expenses can be a breeze with Airbase. With Airbase’s mobile app , submitting an expense is as simple as taking a photo. Miraculously, that’s how I knew how great Airbase was.
With auto-enforced spend controls, embedded policies to enforce receipts and track budgets, automated coding and categorization, Airbase’s AI-driven Expense Management streamlines the whole process, saving time and reducing errors. AI and audit readiness. Schedule a demo Learn how Airbase can transform your entire purchasing process.
Compliance also requires detailed information about all spending, which is essential in the event of an audit. A rule-based platform like Airbase lets the system enforce compliance right from the beginning of a spend request — even for corporate card spending. And a complete audit trail is automatically created for easy reference.
At the same time, because compliance, audit, and security requirements can become more stringent, more information is required to ensure requests to spend company money are compliant. Airbase’s Guided Procurement module solves these problems by adding greater visibility into, and control over, all purchasing requests. Spend type.
7) Audit trail transparency. Benefits of Airbase AP Automation: Selecting the right AP Automation solution. AP automation resources , including solutions like Airbase, also improve transparency in the bill payment process with a vendor portal. Audit trails for complete visibility and real-time monitoring.
The impact can be dramatic: Healthcare network Doximity estimates the move to Airbase saves their finance team 60 hours each month. With Airbase, you can easily adjust amount limits and expiration dates for card spending, and increase or decrease department budgets. Find out how Airbase can help — schedule a demo with us!
David Coffman, VP Finance at Doximity, says Airbase virtual cards play an integral role in cutting the company’s time-to-close in half. But the software behind the transaction creates the magic, and in Airbase, it comes down to the workflows. Virtual cards also create an automatic audit trail. Enhanced cost savings.
Compliance and audit. This helps businesses stay compliant with regulations and makes the audit process easier. In Airbase, after a PO request is created, it is routed to the correct approver, or approvers, based on the rules created. Schedule a demo with Airbase! first appeared on Airbase.
With a consolidated spend management platform like Airbase, an organization can ensure that its financial resources are being used in the most efficient and effective manner possible. For example, on Airbase, duplicate spending is automatically flagged. Find out how Airbase can help — book a demo now!
Airbase automatically creates an airtight audit trail for every transaction, including approval records, receipts, and related documentation like contracts. This provides a real-time record of compliance in the event of an audit. Demo Airbase today. Learn how Airbase can increase your spend under management.
Compliance monitoring: Perform regular audits to ensure compliance with internal policies and regulatory requirements. Document management: Maintain a record of all transactions, contracts, and correspondence for audit and compliance purposes. See how Airbase’s Guided Procurement module can improve spend under management.
Coopers & Lybrand soon merged with Price Waterhouse, and Michael chose to pursue an audit career tract. “I Having helped dozens of Airbase customers migrate to new ERPs, we know what an imposition this one project alone is. first appeared on Airbase. My real passion was doing M&A support.” Watch the complete recording.
Quality audits and inspections of vendor facilities and products can identify potential quality issues early on and prevent them from reaching the customer. Schedule a demo Learn how Airbase can seamlessly gather vendor information in the purchasing process. first appeared on Airbase.
The finance team must ensure the systems are in place to consistently provide three years of audited financial statements. An efficient purchasing process becomes imperative as the company looks to minimize wasteful spending and to have the audit trails and controls in place to support being a public company, including SOX compliance.
Approval chains become more complex, the number and needs of stakeholders increase, transaction types and volume multiply, and compliance and audit readiness become more important. first appeared on Airbase. And, with growth comes an increase in the number and complexities of the challenges faced. Surprising lessons from a crisis.
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