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How Effective Is AP Automation?
Automation is a hot topic in Accounts Payable today, but is it really as good as it sounds? Turns out, top researchers are finding that accounts payable automation does save a significant amount of time and money. Automating the AP […]
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Financial Priorities in 2016
The results of the 2016 Finance Priorities Survey from the Financial Executives Research Foundation and Protiviti is summarized in an assessment titled Maintaining Margins While Staying Vigilant. This survey gathered information from more than 650 CFOs, VPs of finance and […]
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Reduce Costs With Automatic AP Software
The Accounts Payable (AP) department is often one of the slowest to switch over to automation software. You might worry that it will cost too much money, or reduce your control over company finances, or won’t actually save time. These […]
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Three Tips to Curtail Maverick Spending
In some companies, Maverick spending can account for up to 80% of purchases made. That’s 8 out of every 10 purchases that don’t line up with purchasing rules established by corporate procedures. If this goes on unchecked, the company is […]
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Principles of Modern FP&A
Reliable Financial Planning and Analysis (FP&A) is more important than ever in the quickly evolving financial world, but it’s frustratingly hard to come by. Modern FP&A is most effective when it’s dynamic, complete and shared. These three core principles provide […]
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Top Complaints of ERP Systems
ERP Systems, short for Enterprise Resource Planning, are often referred to as the nerve center of an organization. A good ERP with a solid implementation can make a huge change in the way your company operates. Unfortunately, a lot of […]
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Succession Plans in the AP Department
Having a solid plan to replace AP professionals who retire or move on to a new career opportunity is just common sense. With baby boomers retiring and many younger workers planning to job hop in their career path, there’s never […]
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AP Horror Stories
We’ve entered Halloween season, where things are cool and crisp, and everyone loves a good scare. Ghosts, ghouls, and goblins are certainly spooky, but nothing terrifies us like invoicing disasters. We’ve rounded up some of our scariest tales NextProcess has […]
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CFOs Dissatisfied with Ineffective FP&A Strategies
The potential value of good forward-looking financial planning and analysis is clear, but many companies still struggle with ineffective FP&A strategies. A study of 99 companies conducted by CEB, a corporate research and advisory firm, shows that even though investments […]
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The Current State of ePayables Adoption
Ardent Partners, a supply management company, recently conducted a survey about accounts payables (AP). Specifically, they focused on ePayables in their survey, which is titled ePayables 2015: Higher Ground, and analyzed not only how ePayables fit into current AP departments, […]
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How to Improve P2P with Consultation Services
The Procure to Pay or P2P process is vital for any company, yet managing it is often exceedingly difficult without the proper practices and software. Whether you’re getting a business started and it’s your first time setting up a P2P […]
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The Revolution of Finance Departments
Technology has a tendency to change everything. What used to take of labor hours now takes minutes and that trend is prominent in finance. Automating and outsourcing accounts payable is revolutionizing finance departments around the world and many of the […]
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