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The lead-up: Choosing auditors and timing. The audit probably took about 25% of my time personally — maybe even more once the auditors arrived.” What types of auditors are there, and how do you choose one? How do you decide what auditor to choose? KELLY: “The auditors will ask about processes and controls.
Benefits of Airbase AP Automation: Selecting the right AP Automation solution. What is AP automation? AP automation refers to software that handles the workflows associated with the APprocess. Managers and executives can also use AP automation software to monitor APprocessing activities.
In fact, the Wall Street Journal reports that more than 300,000 accountants and auditors quit over the last two years, and the effects of those losses can be significant. To solve these problems and free up time for more meaningful work, we’re focused on automating and consolidating the full APprocess.
Palette allows these firms to ingest invoice information from suppliers in an expedient fashion, handle invoices with an automated process for approvals, and provides a trail that auditors can examine. Administrators can also provide some access to the search system to auditors.
The connection will let firms that have invested in Aptean digitize their APprocesses with Palette's offering. Palette lets these companies take in bill data from vendors quickly, process invoices with an automated flow for approvals and offers a trail that auditors can look at.
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