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Discover What You Need to Know about the Secrets to Efficient Capital Expense Management and Budgeting
Everyday business expenses, like buying computer paper when you run out, are relatively easy to keep track of. But businesses also handle larger expenses, like acquiring office equipment or a new property location. These are capital expenses – a fixed, […]
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5 Tips for Managing Complicated Invoices In Accounts Payable
The faster you can process invoices in accounts payable, the more money you’ll save. This is one of the driving reasons behind AP automation. Speeding up electronic invoice approval software and processing saves money, keeps vendors happy, improves cash flow, […]
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Here’s How To Get Accounts Payable Automation Right The First Time
Do you want to get stuck with accounts payable software that doesn’t work? Or one that fails to deliver on its promises? Of course not! But just because that’s not what you want doesn’t guarantee you won’t end up with […]
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The 5 Big Advantages To Faster Invoice Processing
Accounts Payable might not be the most glamorous department in your company. Nevertheless, it’s an essential part of doing business and you ignore it at your peril. In fact, the worst accounts payable issues can actually sink your company if […]
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How Business Process Automation Can Help You Identify Anomalies That Might Be Hurting Your Company
Automating your business processes makes it easy to collect large quantities of accurate data. This data can help you create more accurate budgets, identify spending trends, simplify audits, and much more. Another perk to collecting all this data is that […]
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How To Take Advantage Of The Surprising Benefits That Come From Aligning Procurement and Accounts Payable
Procurement and Accounts Payable should be a match made in heaven. One brings goods and services into your company and the other pays for them. They’re two halves of the same Procure-To-Pay (P2P) process. Working together just makes sense. In […]
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Facing Challenges in AP Automation in 2019
It’s no secret that accounts payable automation gives your company a leg up in the modern business world. Automating AP saves money, reduces errors, and gives you increased control over cash-flow. However, fully automating your accounts payable process doesn’t always […]
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10 Important Ways That Using Purchase Orders Benefits Your Company
If you’re like most of us, you probably think the last thing your business needs is more paperwork. There’s way too much of that already, right? Not using purchase orders is saving you time, you might argue. Besides that, they […]
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10 Most Costly Procurement Mistakes and How to Avoid Them
Your company’s purchasing ability depends in large part on the effectiveness of your procurement system. When the system is working well, then purchasing goes pretty smoothly. But if you’re working with an inefficient system it’s going to lead to a […]
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Weird Things That Show Up On Expense Reports
If you work in the finance department, chances are you’ve seen some pretty weird things show up on expense reports. From Italian vacations, to pet sitting, to traffic tickets there seems no end to the strange and inappropriate items people […]
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Quick and Painless Ways to Solve 5 Common Purchasing Problems
Is your company struggling with purchasing problems? Dealing with accidental orders, unclear policies, exceeding the budget, inventory issues, and inflexible or unreliable suppliers are not uncommon. But you don’t have to keep putting up with these issues in your company. […]
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5 Dangerous Mistakes In Supply Chain Management And How To Avoid Them
For many companies, supply chain management involves a lot of missed opportunities. Instead of having a supply chain that adds value they have one that’s full of errors which cost the company time and money. Even if your company’s supply […]
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