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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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Manual Accounts Payable Tasks That You Really Need To Automate
Without automation, accounts payable is the most time-consuming and inefficient financial process there is. In far too many AP departments today, accounts payable teams have to manually key-in invoice data. They’re spending huge amounts of time chasing down signatures, printing […]
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4 Ways You Can Use Accounts Payable Automation To Help Catch and Prevent invoice Fraud
Accounts payable is a prime target for fraud. Because so many AP departments are flooded with paperwork, understaffed, and running behind schedule they’re often seen as “easy prey.” They just don’t have the time or resources to efficiently battle fraud. […]
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Comprehensive Guide on How To Build An Effective Corporate Travel Policy
Every company with employees who travel wants to save money on expenses. Some companies, however, have taken trying to save money in an unwise direction. You’ll find companies that make employees share hotel rooms while traveling to try and cut […]
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Get Ready for 2019 -Here Are 5 T&E Goals To Set For The New Year
What are your goals for the new year? As a company, the expense reporting goals you set for 2019 will help determine whether you improve a key company process or just continue on as-is. For most companies, how they handled […]
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3 Things You Need To Know About Expense Fraud and How to Avoid Fraud
We’d all like to think that our companies employ honest, trustworthy people. And it’s true that a large percentage of your employees probably are as honest as you hope them to be. In fact, by far the most common way […]
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This Is The Past, Present, and Future of AP Automation
In the modern business world, few innovations have had as much impact as process automation software. Looking at the past, present, and future of accounts payable automation demonstrates that very clearly. In just a few decades, we went from paper-based […]
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How Companies Handle Expense Reporting Didn’t Change Much In 2018. Here’s How To Make Next Year Better
2018 should have been a year of continued advancement in how businesses handle travel and expense reporting. But the most surprising thing about expense reporting trends in 2018 is how little actually changed. Almost half of all companies are still […]
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3 Cornerstones That Will Help You Successfully Transition To Digital Procurement
Are you planning to digitize your procurement? According to research from the Center for Global Enterprise (CGE), you should be if you want to lower costs and increase revenue. The CGE’s research predicts that digitizing your company’s supply chain could […]
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