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How to Choose between Rolling Forecasts and a Static Budget
How do you know if your company is using the best budget and forecast model? Most companies use a traditional, static budget to make predictions about their expected revenue and planned expenses. It’s the tried-and-true method people have relied on […]
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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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Answering Your Frequently Asked Questions about Business Process Outsourcing and Automation
We can all agree that automation and outsourcing have become two of the more popular solutions for handling core business processes in the modern world. Even if your own company hasn’t implemented these solutions yet, there’s a good chance you’ve […]
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Pros and Cons of Business Process Outsourcing (BPO)
Businesses are always seeking ways to adapt, stay competitive, and cut costs. One way to do that in the modern business world is using business process outsourcing (BPO). It’s something that’s easy to do and, as a cost-saving measure, BPO is […]
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Automating Your Accounts Payable: Weighing The Pros And Cons
Automation is a popular problem-solving solution that many companies choose to manage their back office functions. But is it the right solution for your company? You can really leverage the power of automation when working with the right provider. But […]
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5 Great Reasons To Outsource Payment Processing
According to the Aberdeen Group, check printing in North America involves $25 billion in processing costs each year. Most companies spend an average of $10 to process every single check that goes out of their office. The obvious solution is […]
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Should I Automate My Business Processes or Outsource Them?
It’s no secret that automating and/or outsourcing business processes can save your company time and money. But which one should you pick? It all depends on exactly what needs to be done and how much of your process you want […]
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Why Digitize Documents?
The amount of documentation you have to keep on hand to maintain a good record keeping system can be daunting. For larger businesses, record keeping often involves off-site storage facilities dedicated to managing documents. For smaller businesses, paper records can […]
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Succession Plans in the AP Department
Having a solid plan to replace AP professionals who retire or move on to a new career opportunity is just common sense. With baby boomers retiring and many younger workers planning to job hop in their career path, there’s never […]
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