Article

Say “Goodbye” to Paperwork and “Hello” to Automation

Life-work balance and city living lifestyle concept of business man relaxing, take it easy in office or hotel room resting with thoughtful mind thinking of life quality looking forward to cityscape

Despite great strides, a considerably large amount of SMBs still have a long way to go regarding digitization, specifically with expense reporting. According to an article by PYMNTS, more than 2.2 trillion invoices will be exchanged by 2035 (PYMNTS, 2022).

As accounts payable functions become more advanced and less human intervention is required, the benefits that go along with these enhancements will expand as well. SMBs that decide to strengthen their processes now see a great advantage in the near future as developments occur both within their system in the market.

Some benefits that come with automating tasks include

  • Improved employee satisfaction, reducing stress from work overload.
  • Eliminating the need to track down receipts and avoiding late payments.
  • Increased transparency and security, with decreased risk of fraud.

Creating a streamlined bookkeeping process doesn’t have to be expensive or complicated. Companies and organizations love using PEX because they are allowed the opportunity to control employee expenses through automated spend management. With PEX you can easily stay within budgets via merchant spend limits, real-time spend data, and vendor virtual cards.

Business people, laptop and meeting in planning, teamwork or coaching for project on bokeh background at office. Group of happy employees working on computer for schedule plan, ideas or team strategy

Why Your Finance Department Should Believe In Ghost Cards

AB-Best Places to Work in Fintech-Logo-2024 (1)

PEX Recognized by American Banker as “Best Places to Work in Fintech 2024”

Engineering working with drawings inspection on tablet in the office and Calculator, triangle ruler, safety glasses, compass, vernier caliper on Blueprint. Engineer, Architect, Industry and factory concept.

Building a Modernized Finance Organization: Forging the Path Ahead

Stay up to date on the latest PEX news!

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s).