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Tracking and managing expenses are some of the most important and vital aspects of running a business. Finding ways to make the process more efficient and transparent is incredibly useful to business success. With expenses from different organizations and money coming in and out of the business at different times, it is easy for delays to occur when humans are responsible for management. This is why many are looking towards automation software as a means to streamline and reduce errors in this process.

With the advent of the cloud and advances in machine learning and artificial intelligence, automation software is now incredibly powerful and can provide an immense benefit to businesses large and small. These are powerful and innovative suites of software that take a lot of the tedium and headaches out of managing business expenses.

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Workflow automation apps continue to gain in prominence and popularity with business across industries. These powerful tools allow businesses to automate various aspects of their daily operations, and with machine learning and artificial intelligence continuing to advance, the tasks that can be automated continue to be more sophisticated and complex.

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If you want to run a successful business, there are financial terms you should familiarize yourself with them. For instance, you should understand the difference between CapEx and OpEx before you dive into strategic investments and CapEx project management. (more…)

The world of business is changing quickly before our very eyes. New technologies that are revolutionizing and redefining the ways we manage every aspect of business are now common and some of these technologies are changing what it means to even work. There have been dramatic advances in machine learning, artificial intelligence, and the like, which has led to the development of a wide array of powerful automation tools that streamline business processes and reduce error.

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ProcessMaker and Comindware Tracker are two popular and well-known workflow automation software suites that provide a wide range of powerful tools for automation of any number of workplace processes. There are key differences between these two software suites and one of the main ones is the price.

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Purchasing Manager’s day is full of efforts to handle purchase order requests, verify the details of requisitions, ensure policies compliance, correcting errors and finding out what went wrong. It is hard work and we should do something about that.

Before reading on, answer the following questions:

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One of the basic elements of business operations is the function of sending and receiving payments. These departments are usually called accounts receivable and accounts payable, respectively. The accounts receivable department is, due to its very nature, one of the core aspects of business functioning. Doing business is a process of transactions whereby a business provides a product or service and a customer pays for said product or service.

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In today’s global competitive environment, businesses need to stay on top of their operational efficiencies and deliver the best possible experience to their customers. This means the need to work with a variety of partners, from those providing you with product components and spare parts, to those co-delivering and co-maintaining your solutions. Such complex communications and data need to be orchestrated within a single supply management solution that also covers:

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Whether your business is big or small, your sales agents use a bulk of both paper-based notes and technologies on a daily basis and it is crucial to ensure that every lead is handled properly and quickly. As your business grows or welcomes a work-from-home option, it becomes even more important to make sure that your sales agents are effective and deliver as many sales as possible.

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As your business grows, you welcome new ways of revenue generation, from better customer order management and up-selling to welcoming new marketing channels and penetrating new markets. COVID-19 pandemic and its impact on customer behavior and demand are forcing businesses to pay much more attention to new market opportunities. And it becomes even more important to make sure that your team is able to transform ideas into revenue-generating offerings quickly.

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