Home » Time and Cost to Manage and Reconcile Invoices and Payments

You spend a lot of time managing low dollar invoices. Unknown what % of your transactions are under $2,500. Unknown what % is that of your total dollars spent. For those small purchases. Unknown time spent on Invoicing. Matching POs. Is a manual process. Paper based. You sometimes pay out of petty cash. Unknown how it is reconciled. Unknown what is your cost/transaction. You give credit cards to employees. You cannot control employee spending on an open credit card. You cannot prevent unauthorized spending. Unknown how you reconcile. Unknown cost to company. There is a disconnect between who made the…