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Why 94% of Financial Spreadsheets Contain Errors (And What It Costs You)
If you’re using spreadsheets, it’s almost impossible for all of them to stay error-free. Over the past several years, we’ve seen many studies pointing out the high number of errors in business spreadsheets. Recently, a literature review published in Frontiers […]
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Boost Team Accountability With Automated CapEx Processes
Not too long ago, businesses relied on spreadsheets, email communications, and even paper ledgers to manage capital expenses (CapEx). In some companies, that might still be your go-to method for keeping track of CapEx. Those methods don’t give you the […]
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Use BPA Software to Get CapEx Management and Procurement Working Together
Spend and cash flow management are always high on a CFO’s priority list. Because of the implications for finances, purchasing and expense management are typically also a high priority. Managing large-scale expenses typically takes center stage, but everyday expenses also […]
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Here’s What Good Capital Project Management Software Looks Like in 2023
In the modern business world, the more you can automate basic processes the better. Your employees have better things to do than keep track of which Excel file represents the correct budget or sift through dozens of emails trying to […]
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Tips for Using Software Tools To Stop Losing Money in Capital Project Management
How efficient are your company’s capital projects? According to business experts, about 30% of the costs involved in large capital projects are wasted. And the experts say this isn’t a baffling number, given the complexity and often changing nature of […]
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Capital Expense Management, Procurement, and Your Year-End Budget for 2022/2023
As we draw near the end of 2022, it’s time to start thinking of your 2023 budgets if you haven’t already. In the modern business landscape, things change so quickly that you can’t rely on last year’s budget when starting […]
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Why Is Spend Management So Important, and How Can Automation Help?
Simply put, spend management is the strategy companies use to control their spending. This strategy does not only involve purchasing and procurement, although that department plays a vital role. It can also involve collaboration between several different departments and financial […]
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The Role of Automation in Managing Capital Expense Projects In The Manufacturing Industry
This is the second post in our new Automate Your Industry blog series. Today, we’re focusing on specific ways companies in manufacturing can benefit from NextProcess’s software modules. (We’ll have more industries coming up in the next few weeks.) You […]
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Here’s Why You Need Capital Project Management Software For Your ERP Software
Enterprise Resource Planning (ERP) systems play a key role in managing a company’s internal departments. They’re designed to streamline and integrate a wide range of business processes including accounting, financial reporting, purchasing, and much more. They’re a beneficial system for […]
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