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How To Take Control of Capital Expenditures and Efficiently Manage Your Company’s CapEx Spend
Capital expenditures, CapEx, typically account for a large chunk of a company’s annual budget. Whether it’s purchasing new equipment, acquiring a new property, replacing company vehicles, or money spent on research and development, capital expenditures play a key role in […]
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CapEx and OpEx. Balancing Capital and Operational Expenditures.
Capital expenses (CapEx) earn plenty of attention. They’re typically large expenses that play a key role in the company’s future. As such, they require careful budgeting, planning, and management. Capital expenditure also more complicated in terms of taxes since CapEx […]
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Discover What You Need to Know about the Secrets to Efficient Capital Expense Management and Budgeting
Everyday business expenses, like buying computer paper when you run out, are relatively easy to keep track of. But businesses also handle larger expenses, like acquiring office equipment or a new property location. These are capital expenses – a fixed, […]
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The Evolution of Accounts Payable: Where We Were, and Where We Are
Very few areas of business have undergone as drastic a transformation in the past several decades as accounts payable. Not only have the invoice and communication processes of AP changed, but also its fundamental purpose within most organizations. Just in […]
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5 Tips for Managing Complicated Invoices In Accounts Payable
The faster you can process invoices in accounts payable, the more money you’ll save. This is one of the driving reasons behind AP automation. Speeding up electronic invoice approval software and processing saves money, keeps vendors happy, improves cash flow, […]
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This Is What You Need to Know about the Top Complaints of ERP Systems and How to Fix Them
ERP systems, short for Enterprise Resource Planning, are often referred to as the nerve center of an organization. A good, efficient and flexible ERP with a solid implementation can make a huge change in the way your company operates. Unfortunately, […]
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Detecting and Preventing Internal Accounts Payable Fraud: Understanding the Essential Questions Behind Fraud in the AP Department
Money missing within a company may be the result of miscalculations. But there’s also the chance it could be fraud from within the company. You may never want to suspect an employee of fraud, but it does happen and if […]
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Here’s How To Get Accounts Payable Automation Right The First Time
Do you want to get stuck with accounts payable software that doesn’t work? Or one that fails to deliver on its promises? Of course not! But just because that’s not what you want doesn’t guarantee you won’t end up with […]
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The 5 Big Advantages To Faster Invoice Processing
Accounts Payable might not be the most glamorous department in your company. Nevertheless, it’s an essential part of doing business and you ignore it at your peril. In fact, the worst accounts payable issues can actually sink your company if […]
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How Business Process Automation Can Help You Identify Anomalies That Might Be Hurting Your Company
Automating your business processes makes it easy to collect large quantities of accurate data. This data can help you create more accurate budgets, identify spending trends, simplify audits, and much more. Another perk to collecting all this data is that […]
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How To Take Advantage Of The Surprising Benefits That Come From Aligning Procurement and Accounts Payable
Procurement and Accounts Payable should be a match made in heaven. One brings goods and services into your company and the other pays for them. They’re two halves of the same Procure-To-Pay (P2P) process. Working together just makes sense. In […]
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How To Easily Streamline Accounts Payable As Your Company Grows
I think we can all agree that the easier accounts payable is to manage the better. As the department responsible for invoice processing, approvals, and payment it’s easy to see the importance of AP. We can even go so far […]
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