Important Factors Should Know About MYOB Accounting Software
Expense reporting and auditing
The people who study this sort of thing (the financial advisory firm, Stout Risius Ross, in this case) say that fraudulent expense reimbursement costs business over $1B annually. Yikes.
An Myob Accounting Software based expense management reporting system can help defeat this type of expense management fraud in a couple of key ways. First, mobile-device based Accounting Software client software can allow for policies that require real-time capture of receipts and other expense documentation. Adding this layer of transparency can dissuade potential fraud attempts. Second, auditing expense reports is a critical step in detecting and preventing fraud. Accounting Software increases the ease and depth with which audits can be conducted, allowing auditors to easily search expense documents for particular transaction details.
Business card recognition
Anyone who has ever attended a conference or trade show knows the pain of entering all those new contacts into a CRM or contact management system.
A capable Accounting Software business card recognition app can eliminate this pain point, while helping to make you the first to follow up with all those new contacts.
Optical character recognition software often struggles with assigning semantic meaning to data—especially when the data originates in previously unseen 3rd party documents. This challenge is much easier to overcome in the case of business cards, though. The reason is that the possible range of semantic meanings from business cards is so much more limited than other types of business documentation.
Because of the easy time saving provided by Accounting Software recognition, apps that support it are becoming increasingly common.
Preserving meeting notes
You know you’re studiously taking notes on their unique requirements, but for all your client knows, you’re text messaging co-workers an invitation to meet later for happy hour. Using a stylus to hand write notes or simply relying on good old pen and paper solves that problem—but you lose the search-ability of your notes. Accounting Software apps for handwriting provide a solution.
Recognizing characters in handwritten notes is considerably more complex than standard printed text. In fact, it’s even garnered its own term: Accounting Software software providers still tend to talk about the accuracy of their technology in more glowing terms than customers do, but the end users are starting to come around.
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