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3 Questions To Find Out If Your Company Is Ready For The Transition To Digital Procurement
For many companies, digital procurement is a key part of their business model. And for companies that haven’t yet gone digital, it’s no longer a question of “if” they’ll follow suit, but “when.” The more important digital technology becomes in […]
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What Role Does the CFO Play In Digital Transformation?
Digitizing key business process can save companies quite a bit of money in the long-run. But as with every new business endeavor, digital transformation costs money. Quite a lot of money, in fact. Technology industry watcher IDC predicts that between […]
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How To Leverage Cloud-Based Automation and Get Your Company Up-To-Date With The Changing State Of Expense Management Solutions
Making travel and expense management more efficient isn’t too high on most companies’ priority lists. Of course, both business owners and employees would prefer an easier and more efficient way to handle expenses. But as long as the system (mostly) […]
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Here Are 5 Payment Controls That You Really Need In Accounts Payable
Payment controls give your accounts payable department a fighting chance against fraud. They also give you the oversight and tools you need to stop losing money in other ways, such as through late-payment fees. Implementing payment controls is easy with […]
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Want To Improve Your Month-End Close? Automate Accounts Payable And Speed Things Up Right Away
The month-end closing process is something many accounts payable departments dread. If you can do it quickly and accurately, then you’ll save your company money and your department a lot of time. But that’s a challenge, especially if you’re relying […]
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7 Ways That Accounts Payable Automation Dramatically Improves Cash Flow
No matter what the size or type of company, managing cash flow is crucial to success. Every business faces cash flow management challenges, and anything you can do to improve cash flow has the potential to benefit the entire business. […]
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Buried In Paperwork? Let Digital Automation Help
Have you ever wished you didn’t have to deal with so much paperwork? Processing paper purchase orders or invoices, storing paper files, and other paper-related work takes up huge amounts of time. It also takes up space in the office […]
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What’s The Difference Between Proactive and Reactive Accounts Payable?
Is your accounts payable reactive or proactive? This might not be a question you’ve spent much (if any) time thinking about, but it can have a significant impact on how well your AP department functions. In this article, let’s take […]
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Understanding The Essential Role Data and Analytics Play In Procurement
There’s a wealth of important data flowing through procurement. The problem is, most procurement departments don’t have the tools to capture all this data, much less apply analytics and turn the data into something useful. Traditionally, procurement systems only gather […]
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Learn About The Most Common Mistake On The Road To Digital Procurement, Plus 5 Tips For How To Fix It
In many companies, procurement is still mired down in piles of paperwork and slow manual processing. That makes it the perfect target for improvement through digital automation software. Transitioning to digital procurement is pretty easy when you pick out a […]
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It’s Time For A Change In The Accounts Payable Process: Using Automation To Transform AP
Do you want to handle the accounts payable process less efficiently than other companies? Of course not! But that’s what companies who don’t automate their AP processing are choosing every single day. Implementing accounts payable automation lets your company transform […]
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What Is The Difference Between Procurement, Purchasing, Sourcing, Purchase Orders, and Requisitions?
Terms like procurement, purchasing, and sourcing are often used interchangeably. The same goes for paperwork such as purchase orders and requisitions. While all these things are connected, they’re not exactly the same. As such, understanding the differences and connections between […]
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