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AP Takes to the Clouds
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It is impossible to turn on the television without hearing about another technology company "taking to the cloud." What exactly is the cloud and can accounts payable automation benefit from going there?
This issue provides answers to your questions about the cloud. In addition, pay attention to the new IRS rules on travel reimbursements, which could apply the next time one of your employees takes to the clouds.
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| Patrick Harbin – Editor
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High-Low Method |
If your organization uses per diem rates to reimburse employees for business travel, then a recent move by the IRS may change how much can be excluded from income.
See High-Low, Goodbye on TAPC.
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AP in the Cloud |
As an evolution of the software-as-a-service business model, cloud technology describes a variety of software that users access over the Internet, rather than installing on their own servers. Some benefits of selecting cloud-based AP technology over on-premises solutions include:
- Cost: Subscription fees are generally lower than annual on-premises licensing fees and maintenance costs.
- Collaboration: Many cloud-based software packages can automatically access other cloud software, such as the Google suite of business applications.
- IT Support: Most subscriptions include regular maintenance and upgrades, meaning they do not require a significant amount of IT resources.
Also be aware that there are some challenges, such as establishing clear service level agreements, guaranteeing your private data is secure, and determining whether the provider has a disaster recovery plan in place.
Be sure to sign up for the upcoming no-cost TAPC webinar, Leveraging the Cloud: How to Quit Paper Processing & Streamline Accounts Payable, featuring Greg Collins with Esker. The webinar earns 1 CEU and 1 CPE.
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Just for Fun! |
The New York public library's newest solution to outstanding overdue book fines is sure to be a hit for all the bookworms out there. See New York Scheme for Kids to Work Off Library Fines: Read.
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