Invoice management is an internal business function responsible for managing documents from vendors or suppliers. Invoices represent a source document in accounting. A common invoice management process is the three-way match system found in accounts payable functions.
Time and attendance systems can be useful HR tools. As well as recording information about your employees’ hours of work and attendance, they can also use that data to suggest improvements to the way you run your business. For larger enterprises, a modern, sophisticated clocking in machine can cut back expenditure and increase the efficiency of your workforce.
An Administrative Management System (AMS) must provide reasoned information of transactions made by the company, based on technical records in order to interpret their results. These data allow us to know the stability and solvency of the company, the status of collections and payments, sales trends, costs and overhead, among others.In this way you can know the financial capacity of the business and make strategic decisions based on real data.
