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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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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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Here Are The Ways That Accounts Payable Affects Your Whole Company
It’s easy to think of accounts payable as nothing more than the department where money leaves your company to pay for goods and services. It’s not very glamorous or exciting. On the surface, it might not even seem that important […]
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Here’s Why NextProcess BPMS Is Better Than Excel at Managing Capital Expense Projects
Capital expense (CapEx) projects can be a challenge to handle efficiently. A lot is going on with these sorts of projects, and they typically involve large sums of money. Plus, they’re important for keeping your business running smoothly as your […]
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Having Problems With Your Spreadsheets? Automation Offers A Solution For The Trouble Excel Causes Your Company
Microsoft Excel has become ubiquitous in the business world. When first released, Excel revolutionized data processing and analysis. It’s been a fixture of financial departments ever since. In the modern business world, however, it is being eclipsed by better than […]
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How to Use Business Process Automation to Handle Large-Scale and Small-Scale Company CapEx and OpEX.
Purchasing is a major part of every business. From replacing paperclips and printer ink to acquiring new property or replacing a roof, your company needs a way to manage expenses both large and small. It’s useful to separate these two […]
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What Business Processes Does It Make Sense for Your Company to Automate in the Year 2020?
Business Process Automation plays a key role in the modern business world. However, automation does not work equally well for every business process. There are still many tasks that require a human touch. This includes reconciling exceptions invoices, answering complicated […]
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The Superpowers of Business Process Automation Software
Are your business processes in need of rescue? If yes, the superpowers of business process automation are here to save the day. When you’re struggling with clunky automation, expensive processing, out-of-date software, and similar issues you could use a superhero. […]
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How to Save Money Using Virtual Credit Cards with Your Accounts Payable Automation
Every business is familiar with the need to find ways of saving money. Accounts payable is one of the clearest focuses for that need since this is the department that governs funds leaving the company to cover expenses. One of […]
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What Happens When You Get All Your Business Automation Software Working Together?
If you’re like many businesses, there’s a good chance you’re working on increasing the level of business automation your company is using. Whether you’re upgrading existing business automation or implementing it for the first time, one of the questions that […]
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How To Take Control of Capital Expenditures and Efficiently Manage Your Company’s CapEx Spend
Capital expenditures, CapEx, typically account for a large chunk of a company’s annual budget. Whether it’s purchasing new equipment, acquiring a new property, replacing company vehicles, or money spent on research and development, capital expenditures play a key role in […]
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CapEx and OpEx. Balancing Capital and Operational Expenditures.
Capital expenses (CapEx) earn plenty of attention. They’re typically large expenses that play a key role in the company’s future. As such, they require careful budgeting, planning, and management. Capital expenditure also more complicated in terms of taxes since CapEx […]
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