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Here’s How To Keep Employees From Misusing Expense Reports
Your expense reporting system offers one of the easiest ways for employees to steal from your business. Maybe they think they’re no harm in charging a few non-business expenses to the company card while on a trip. Or perhaps they’re […]
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EDI is Growing in Popularity – Is Yours Giving You Headaches?
Electronic data interchange (EDI) allows exchange of electronic format documents between computers. Rather than sending paper back and forth, this allows different businesses and/or departments within a business to exchange electronic files directly. With an EDI for your accounts payable […]
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Are You Having Trouble With Your Business Processes? Maybe It’s Time To Automate Them
Many organizations struggle to manage their core business processes. A 2015 study by Tipalti, which polled 100 senior finance decision makers and executives, found that “51% were dissatisfied with the processes they use to pay their suppliers.” And the problem […]
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Facing Challenges in AP Automation
It’s no secret that AP automation gives your company a leg up in the modern business world. Automating AP saves money, reduces errors, and gives you increased control over cash-flow. But as a recent article from PYMNTS.com points out, […]
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Avoiding Purchasing Pitfalls: Procurement Management Practices
The success and effectiveness of most departments in your company rely on your procurement management strategy. This holds true no matter what type of business you’re in. Manufacturers need to ensure that they have enough inventory to produce at expected […]
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What Does It Mean To Change Your Spend Culture?
How do you deal with uncontrolled spending? Managing spend is a huge problem for companies. Unfortunately, many don’t find out just how much of a problem it can be until ridiculously high numbers start coming to light in company expenses. […]
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Does Robotic Process Automation Take Jobs Away From Real People?
One of the biggest concerns that people have about Robotic Process Automation (RPA) is that it will take jobs away. And it’s a valid concern. At the surface, it looks like the whole point of RPA is to create robotic […]
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The 5 Big Advantages To Faster Invoice Processing
The Accounts Payable Department might not be the most glamorous in a company. But it’s an essential part of doing business and we can’t afford to ignore how important this department is. Problems that start in AP can quickly become […]
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Lean vs. Agile: Understanding Supply Chain Management Strategies and Finding One That Works For Your Business
When we talk about supply chain management strategies, there are two key approaches to understand. Lean and agile supply chains are often pitted against each other as an either-or option. There are pros and cons to each, and you’re expected […]
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This Is The Difference Between A Punch Out Catalog And An Item Catalog, Plus 5 Reasons Why You need Both
Purchase order and procurement software promises big rewards. It’s supposed to make the entire procurement process easy while also giving you the tools you need to track purchases effectively. But all too often, companies find that PO systems aren’t as […]
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What to Look for in a Trustworthy Automated Money Management
When you’re automating money management for a business, you need a reliable system. Not only must it reduce errors and generate accurate information, but it must also keep your financial information safe. It’s a balancing act for many companies. How […]
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How To Set Up A Purchase Order System For Large Organizations
The larger an organization grows, the more important it becomes to keep track of purchasing. A poorly functioning purchase order (PO) system or, worse, no system at all will result in purchasing problems that cost your company money. And since […]
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