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Bringing P2P to Professional Services
Procure-to-pay (P2P) automation software has been a hugely popular way to improve back office processes. Their long-term effectiveness has been demonstrated for a variety of different sectors. But every industry is different and their needs should be examined separately. A […]
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Don’t Cripple Your Business by Refusing to Centralize Purchasing
Having many people in charge of purchasing often leads to confusion, especially in large businesses. It’s hard to take advantage of bulk ordering discounts or keep track of inventory when different people are in charge of purchasing the same items. […]
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4 Signs It’s Time To Automate Your Business Processes
You’ve probably heard quite a bit about business process automation (BPA) recently. It’s a trending topic in the business world and a highly recommended step for forward-thinking businesses. But is BPA right for you? Perhaps you’re running a small business […]
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Four New Tactics for Supplier Engagement
Keeping suppliers actively engaged and excited to work with you is critical. A recent survey showed that supplier engagement was more important to purchasing executives than any other procurement concern, including cost control. Although most businesses have more control in their […]
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Going Green With Paperless Procurement
As society pushes the modern business world toward sustainable practices, the “bottom line” becomes about more than just finances. The green movement encourages companies to take social and environmental factors into consideration in addition to economic concerns. In the long-term, […]
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The Evolution of the Full Stack CFO
Chief Financial Officer has never been an easy job. To be truly successful, they have to be able to look at the company’s past, present, and future at the same time with different goals and strategies. The Full Stack CFO […]
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How To Make The Most of Company Money With AP Automation
Everyone’s looking for a way to save money without compromising on quality. It’s often a challenge, but in the AP Department, you can actually cut costs while also improving your process. By upgrading from a paper-based to an automated electronic […]
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How To Expense Data Storage as OpEx
If you’d rather handle digital data storage as an operational expense than as a capital expenditure, it’s time to outsource your data storage. Whether you lease servers or purchase cloud storage, handling data storage as Opex can be a good […]
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Solving the Paper Problem
More and more, paper seems to be on the way out of the payables process. From the sudden spread of email to the surge of green initiatives, everyone’s been talking about new ways to use less paper and take advantage […]
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Don’t Let Internal Software Lag
Customer-facing software gets all the attention. Companies pour seemingly endless time and money into the user experience of their own websites and applications. They usually get more attention than internal platforms and processes. This makes a lot of sense. Companies […]
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5 Reasons Excel Is Terrible For Your Business
Businesses saw Excel as a solution for easy data management back when it first hit the market. Today, it’s still used for tasks such as scheduling, basic accounting, tracking sales, and compiling customer data. But many businesses also use Excel […]
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Don’t Overlook The Crucial Role AP Plays In Saving Money
Even though the accounts payable (AP) department governs money leaving your company, it’s one of the best places to save money. A smoothly-functioning AP department doesn’t lose money to late fees, has a low processing cost-per-invoice, streamlines your payment information, […]
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