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Acumatica Debuts Automated Spend Management Tools

PYMNTS

"One of the most exciting features within Acumatica Advanced Expense Management is its ability to detect corporate card use activities and remind the user to capture images of physical receipts for auditing and compliance purposes," she said, according to the release. Digital spend management tools could offset some of the damage.

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2024 Predictions: AI and Spend Management

CPA Practice

Exceptions will trigger AI-driven, automated audits to ensure compliance. Existing spend management tools offer dashboards that compile information in one place for an employee to analyze, which takes time and considerable skill.

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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season

PYMNTS

These systems also drive up administrative costs for companies needing to audit or verify each piece of relevant financial information before it is reported to tax authorities. Digital expense systems that empower quicker and more efficient spend reporting and data consolidation could fix many of these issues, especially as U.S.

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London B2B FinTechs Win Big As Market Preps For Disruption

PYMNTS

and Italy, bringing its employee spend management tools into new regions. Hubdoc provides an application that uses machine learning and cloud computing to analyze financial documents for reporting, auditing and reconciliation purposes. Corporate Accounting.

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Minimize sync errors with the best accounting software.

Airbase

In addition, the audit trail associated with each transaction makes it crystal clear where an expense is coming from.” — Shift case study How automation has changed the game. It’s recommended to always incorporate some form of automation in any spend process or any spend management tool to prevent sync errors and improve overall efficiency.