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How Important Is it To Store Business Data Electronically? Plus The Top 6 Reasons You Need To Digitize Data Storage
Data storage is a key component of a successful business. You need to store all the files you’re currently processing in accounts payable, expense reporting, and other departments somewhere you won’t lose them. Written policies, budgeting records, and other frequently […]
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Pros and Cons of Online Procurement Software
In recent history, the digital business revolution revolved around using in-house software for process improvement. Typically, you’d buy a software package designed to handle a specific business process, such as procurement or payroll, and then install it on the department’s […]
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5 Dangerous Mistakes In Supply Chain Management And How To Avoid Them
For many companies, supply chain management involves a lot of missed opportunities. Instead of having a supply chain that adds value they have one that’s full of errors which cost the company time and money. Even if your company’s supply […]
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How To Tell If You Need Procurement Automation Software
Have you ever found yourself thinking it’d be nice if the purchasing process in your company worked more smoothly? Maybe you’ve had trouble with misplaced paperwork, or invoices that don’t match purchase orders, or problems with purchases going over-budget. Whatever […]
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Traditional ERP Can’t Solve Everything. Here’s What Else You Need To Make It Work
We often talk about ways that companies still using a manual system can transition to a digital platform. But what if your company automated years ago with traditional ERPs? Is there any reason for you to look at newer, cloud-based […]
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What is BPO? BPO Examples, Categories, Types and Benefits.
We’re all familiar with the idea of outsourcing business processes. However, many people are a little fuzzy on exactly what Business Process Outsourcing (BPO) actually means. And even more aren’t quite sure how BPO could add value to their business. […]
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The Pros and Cons of Outsourcing Your Accounts Payable
Each day, the business world gets more competitive. In such an environment, your company needs a way to improve your services and stand out from the competition while also cutting costs. Outsourcing accounts payable is a viable solution for companies […]
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How Much Money Will Accounts Payable Automation Actually Save My Company In The Future?
One of the first questions people ask when considering a new purchase is, “What will this cost?” Buying new business process software for accounts payable is no exception. Before you invest company resources in AP automation you’ll want to know […]
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Here’s How Category Management Solutions Can Improve Procurement In Your Company
The procurement process can get pretty messy, especially as your organization grows. If your company has a lot of orders going through the procurement department its very easy for things to get disorganized. One way to help combat this problem […]
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5 Questions To Ask Before You Automate AP
Automating your accounts payable department is a big step, one that can help your company improve invoice processing and save money. As more and more companies go digital and automate their business processing, it’s time to move automation for AP […]
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Creating A Purchase Order System For Your Small Business
Purchase orders might seem like an unnecessary step that just adds to your paperwork load. Many small businesses don’t even use purchase orders, preferring to rely on invoices from the seller to document orders. After all, why go to the […]
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5 Digital Transformation Trends That There’s A Good Chance We’ll See In The Next Five Years
Digital transformation plays an undeniably pivotal role in today’s businesses. And there’s no doubt that continuing digital transformation will shape the future of the business world. As companies in all industries prepare for the future, it’s helpful to look forward […]
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