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Creating A Purchase Order System For Your Small Business
If you’re running a small business, purchase orders might seem like an unnecessary step that just adds to your paperwork load. Many small businesses don’t even use purchase orders, preferring to rely on invoices from the seller to document orders. […]
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Solving the Payables Paper Problem in 2022
Paper is fast losing its status as a key part of the payables process. From the sudden spread of email years ago to the modern surge of green initiatives, everyone’s been talking about new ways to use less paper and […]
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Don’t Let Internal Software Lag
Customer-facing software gets all the attention. Companies pour seemingly endless time and money into the user experience of their websites and applications. This makes a lot of sense. Companies should be eager to jump on newer trends for consumers. You […]
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Mobilizing Your Workforce with P2P Tools
Mobile technology in Procure-to-Pay (P2P) software has been a boon to companies. In many cases, it allowed them to completely transform their workforce. Through mobile technology, efficiency and access to necessary tools have been improved significantly. The timing for this […]
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It’s 2021… Do You Know Where Your Budgets Are?
Finalizing numbers and gathering information from the prior year is a huge goal for the first month of a new fiscal year. For many companies, deadlines are getting closer and the pressure for fast, accurate reporting is increasing. Having immediate […]
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How To Improve Supplier Management Through Technology
Managing a high volume of suppliers across various companies has always presented businesses with a host of challenges. There are a lot of risks associated with limited visibility and manual processes vs outside supplier management solutions. A large number of […]
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A Quick Guide to Getting Started with Rolling Forecasts
Rolling forecasts are widely regarded as a useful and reliable alternative or addition to traditional budgeting for the modern business world. In a rapidly changing business landscape, static budgets simply aren’t responsive enough to give many companies the flexibility they […]
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5 Critical “Must-Haves” for Your Digital Document Management Partner
Managing massive amounts of paper has been a problem for business owners for years now. Most companies struggle to manage it because they simply can’t create an internal process that allows them to deal with fluctuations in volume as well […]
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Where Do Errors in Financial Spreadsheets Come from and How Can Your Business Fix the Problem?
Love them or loathe them, spreadsheets have become an essential part of corporate life. Companies use them for tons of different purposes. In some companies, they’re tracking just about everything on a spreadsheet somehow. For better or worse, Excel has […]
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This is Why You Need CapEx Management Automation To Help Prevent Capital Project Overrun in IT
Large-scale IT projects are a possibility at any company and become more prevalent every year. Capital project management is always a complicated endeavor, and for IT projects it can be even more complicated than usual. IT projects usually cover multiple […]
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Pros and Cons of Online Procurement Software
In recent history, the digital business revolution revolved around using in-house software for process improvement. Typically, you’d buy a software package designed to handle a specific business process, such as procurement or payroll, and then install it on the department’s […]
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To Receive Or Not To Receive: Inventory Management and 3-Way Matching
Just about everyone is using purchase orders nowadays. Companies of all sizes find this system is a more straightforward way of managing orders, reviewing purchases, and getting some insight into where their spend is coming from. It makes sense to […]
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