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EDI is Growing in Popularity – Is Yours Giving You Headaches?
- 4:11 pm
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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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Avoiding Purchasing Pitfalls: Procurement Management Practices
- 9:05 am
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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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Pros and Cons of Business Process Outsourcing (BPO)
- 9:54 pm
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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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10 Disturbing Accounts Payable Issues That Will Sink Your Company
- 8:16 am
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You’d be hard-pressed to find a business that doesn’t struggle with keeping people on top of their IOUs. Managing the accounts payable department is an overwhelming task. Not only are AP employees swamped with work, but there are also plenty […]
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The Best Way To Improve Accounts Payable Key Performance Indicators
- 2:06 pm
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If your company is like most, then Accounts Payable could use some improvement. In some companies, it’s one of the hardest departments to optimize. And even when the AP department is running well, there are still at least a few […]
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Principles of Modern FP&A
- 10:08 am
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Reliable Financial Planning and Analysis (FP&A) is more important than ever in the quickly evolving financial world, but it’s frustratingly hard to come by. Modern FP&A is most effective when it’s dynamic, complete and shared. These three core principles provide […]
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AP Horror Stories
- 1:35 pm
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We’ve entered Halloween season, where things are cool and crisp, and everyone loves a good scare. Ghosts, ghouls, and goblins are certainly spooky, but nothing terrifies us like invoicing disasters. We’ve rounded up some of our scariest tales NextProcess has […]
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CFOs Dissatisfied with Ineffective FP&A Strategies
- 4:26 pm
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The potential value of good forward-looking financial planning and analysis is clear, but many companies still struggle with ineffective FP&A strategies. A study of 99 companies conducted by CEB, a corporate research and advisory firm, shows that even though investments […]
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The Current State of ePayables Adoption
- 5:00 pm
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Ardent Partners, a supply management company, recently conducted a survey about accounts payables (AP). Specifically, they focused on ePayables in their survey, which is titled ePayables 2015: Higher Ground, and analyzed not only how ePayables fit into current AP departments, […]
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How to Improve P2P with Consultation Services
- 5:00 pm
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The Procure to Pay or P2P process is vital for any company, yet managing it is often exceedingly difficult without the proper practices and software. Whether you’re getting a business started and it’s your first time setting up a P2P […]
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The Revolution of Finance Departments
- 10:08 pm
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Technology has a tendency to change everything. What used to take of labor hours now takes minutes and that trend is prominent in finance. Automating and outsourcing accounts payable is revolutionizing finance departments around the world and many of the […]
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4 Ways to Simplify Your Expense Reports
- 1:24 pm
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Travel and entertainment is one of the biggest business expenses on the books, accounting for 10 to 12 percent of the annual budget for most companies. It’s essential that you record and manage expense reports carefully, but this is a […]
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