Sadly, you cannot run away from benefit invoices and bills month after month during your payroll run. Often, your team needs hours, if not days, to review and prepare carrier payments, reconcile benefits payments, and make sure all payments are allocated correctly.

Manual benefits billing and invoicing can be painful and take up a lot of your time, not to mention leaving you exposed to errors and discrepancies. And when it comes to many diverse carriers and benefit plans, it will be an annoyance.

Learn about the consolidated invoicing module at https://tabulera.com/technology/consolidated-invoicing. With it, you can handle any number of carriers and benefits more efficiently. 

It is challenging to manage employee benefits without worrying about invoicing accuracy and timely bill payments. With this easy-to-use billing solution, you can automate your billing and payment process, giving you more time to spend on the activities that matter more to your organization.

Listen to this episode to learn more.

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It's not just about waiting for reimbursement but also the paperwork. An employee must complete a record of expenses, get them signed by a manager, and ensure it is then transferred to the accounts for settlement. 

The traditional way of managing expenses and employee reimbursement has always been laborious and time-consuming. Having employees fill out forms, get approval, and then transfer them to accounts for verification can be stressful.

Fortunately, technology is helping us find ways to solve these problems. Various flexible software platforms can help businesses when it comes to quick and easy payments.

Employees upload their expenses into the expense management system and submit their report, which is notified to the accounts team that verifies and authorizes reimbursement. 

These solutions save a lot of time and effort in a short time. At the same time, reports and trends that this software generates can help businesses minimize expenses and ultimately increase their profits.

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Married couples who own a business together often consider the firm a partnership, requiring the industry to file a return as needed for a partnership. But, in many cases, it is optional to consider the company as a partnership and file a partnership return.

A qualified joint venture is only applicable to a business where only the husband and wife are business owners. Each participates materially in business or trade and files a joint tax return. There are several benefits of qualified joint ventures, the first being the reduced paperwork and record-keeping.

The ease of work, the reduction in paperwork, and the simplicity of tax returns should make this choice a practical choice for starting a small business with your life partner.

Listen to this episode to know the benefits of joint ventures.

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Mezzanine debt is the equivalent of a second mortgage, but the financing is secured by stock or membership interest instead of real estate. Because mezzanine loans are unsecured, they are accompanied by higher interest rates and shorter terms.

Mezzanine financing is a cross between debt and equity financing that allows business owners to contribute to their capital needs more than traditional debt. In a typical capital structure, mezzanine loans are placed on top of conventional loans.

For investors, financing a mezzanine loan can be a good deal. Higher interest rates provide a better return on investment than traditional loans.

In addition to not having to furnish any collateral, small mezzanine loans can make debt servicing more manageable. To know more about mezzanine finance Australia, listen to this episode.

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Managed IT experts have become a popular choice for companies that want to outsource some or all of their IT responsibilities and functions to a third party.

Businesses choose to outsource their IT management and support for several reasons. Some companies do not have the resources to meet the strong IT needs. Others may lack skills or need more time to focus on their core competencies while handing over their technology needs to experts.

This gives you time to try out innovative ways to grow your business, rather than being distracted by constant computer crashes or email problems.

All businesses have limited resources, especially smaller companies. In the IT world, this limited resource is essential knowledge. Rather than investing in hiring additional employees, who cannot be cheap or taking time out of your current staff, you can partner with a managed IT provider so that you can direct all your attention on your core competencies.

Listen to this episode to learn more...

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The benefits of an automated payroll process are many. While some software is reasonable on pricing, others are good on other features. Some may be related to your organization, while what you need may not be available. Since there is so much software available, let us look at the essential features that your payroll software must-have.

A payroll system must have the ability to accept salary data from other HR systems such as recruitment, salary changes, and onboarding portals using Automatic File Transfer Protocol.

Automatic payroll processing should have cross-checking reports to ensure that the received data matches the data in the source files or in the system to ensure no information is lost.

Listen to this episode to dive more...

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Many business owners struggle with keeping an eye on their finances, but this is one of the most critical areas because cash flow is the lifeblood of a business. Small mistakes and a lack of knowledge and resources can be costly and stressful.

Although accounting software is an integral part of business and finance, sorting through dozens of options is not easy. There may be better options for your specific needs than popular programs and related packages.

Business owners can do a few things to ensure that their finances are in order, which could very well be the difference between success and failure.

A well-laid-out financial plan will ensure that your business is prepared for the ups and downs that are inevitable for any firm, and help you navigate those tough times with ease. Follow the tips discussed in this episode, and continue learning about finances by reading up as much as you can.

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A product roadmap is a product management tool that has a high-level visual summary that charts the perspective and direction of your product offerings over time. A product roadmap talks about why and what you are creating. A roadmap is a strategic guidance document as well as a plan to implement a product strategy.

The product roadmap has more than a few goals, like clearing up the vision and strategy; it provides a channel for applying the strategy and getting internal stakeholders into the association.

Product management should start with a clear understanding of both the product and the overall strategic goals of the organization, which comes from the executive team.

Product managers are no longer limited. Instead, the solutions are specially designed to create a product roadmap with features and capabilities found nowhere else.

Listen to this episode to learn more...

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