article thumbnail

How to tackle your first external audit, before it tackles you.

Airbase

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? The lead-up: Choosing auditors and timing.

audit 130
article thumbnail

The treasury function: Its role in protecting financial resources.

Airbase

The survey revealed that the majority of participants consider “managing liquidity risk and overseeing financial risk management” to be crucial priorities. An automated, consolidated spend management platform helps treasury departments gain the visibility and control they need to build responsiveness for a turbulent economy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Airbase ushers in a new era of modern spend management with Guided Procurement.

Airbase

The rapidly evolving spend management market is once again experiencing a breakout moment. 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.

article thumbnail

A new age: Automated compliance for all company spend.

Airbase

Compliant spending ensures efficient policy adherence, so you can rest assured that any purchase aligns with your company’s budgetary goals and overall spend culture. Compliance also requires detailed information about all spending, which is essential in the event of an audit. Tax information. Contract information.

article thumbnail

Invoice Automation: What you need to know.

Airbase

Compliance and audit. This helps businesses stay compliant with regulations and makes the audit process easier. Spend management: The next stage of invoice automation. A spend management platform is a full AP solution that leverages automation for all non-payroll spend processing.

article thumbnail

The cost of inaction: An urgent call to upgrade accounting processes.

Airbase

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. It’s simply not feasible to spend money throwing more bodies at a problem. Surprising lessons from a crisis.

article thumbnail

Workforce Spend Sector Gets Busy

PYMNTS

As application programming interfaces (APIs) and digital banking promise unheard of levels of control, companies are eyeing the 40 percent or more of revenues that go to spend — and specifically, how much can drop to the bottom line by using artificial intelligence and accounts payable automation in creative new ways. “A