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5 Ways Automation Makes R+D Procurement Departments More Effective
In companies with a research and development (R&D) department, R&D often has very specific procurement needs. Getting R&D and procurement working together effectively can be a challenge, though. A breakdown in communication between the two departments can result in misunderstandings, […]
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Is Accounts Payable Automation a Good Investment?
The accounts payable department is responsible for managing a company’s payments. It’s uniquely positioned to help manage cash flow and support responsible financial management. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether […]
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5 Ways To Reduce Errors Using Business Process Automation Software
Are errors hurting your business? It can be a hard question to answer. If you can identify the impact of errors, then you can take steps to correct them. But often, errors slip in that you don’t even know about […]
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The Importance of Audit Trail Importance and How Digital Document Storage Can Help
Accurate records are more than a good idea for companies: they’re essential. Missing documents create breaks in audit trails, which can lead to significant issues for your company. Best-case scenario, it’s a hassle for employees. Worst-case scenario, missing documents found […]
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10 Basic Accounts Payable Essentials That Still Matter in Automation
The modern business world is highly technical. Many companies are digitizing and automating, putting technology to work streamlining, enhancing, and simplifying key financial processes. In the accounts payable department, automating AP cuts costs, reduces errors, speeds up processing, and improves […]
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How Does T&E Fit in With Procure-to-Pay Software?
When discussing how to manage spend in the procure-to-pay process, we often think of spend management as involving budgeting, procurement, accounts payable, and payment. But there’s another key department involved in spend management: travel and expense (T&E). Much like procurement, […]
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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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10 Best Practices that Impact Accounts Payable Automation
10 Best Practices that Impact Accounts Payable Automation All around the world, mistakes happen in accounts payable departments every day. We’re all human; we make mistakes and it’s not the end of the world. But sometimes, errors can be costly. […]
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How Does ERP Integration Work with End-to-End Procure-to-Pay Software Solutions?
If your company is already using enterprise resource planning (ERP) software like Microsoft Dynamics 365, SAP, or NetSuite then you might wonder how that could affect other software you might want to use to automate specific financial processes. ERPs are […]
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Try Business Process Automation Instead of Hiring Temps
Whether you’re a small business or a large corporation, there might come a time when you start thinking outsourcing or hiring temps sounds like a good idea. Maybe you’re having trouble finding enough skilled employees to handle tasks like accounts […]
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Evaluating Your Procure-to-Pay Process to Prepare for Business Process Automation Software
What does your company’s procure-to-pay process look like? That might be a harder question to answer than you think. If you haven’t evaluated or mapped out your company’s procure-to-pay (P2P) process recently, then you likely don’t have a complete view […]
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Finding Ways to Improve Stakeholder Engagement in the Procure-to-Pay Process
17Procurement professionals work with a wide range of people throughout the company as well as suppliers outside the company. These internal and external stakeholders play a vital role in procurement. Engaging internal stakeholders and effectively managing external stakeholders can make […]
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