-
Getting Ready for Increased Business Travel with a New Expense Management System
All companies need methods for handling reimbursement of employee expenses. For small companies, this is typically a simple system. Employees save their receipts, and the business issues a payment. As a company grows, though, managing expenses becomes more complicated. For […]
Read more -
How Can ERP Integration Help You Manage Purchasing and the Supply Chain?
As companies continue dealing with the business ramifications of the COVID-19 pandemic, supply chain management remains a key concern. Shipment delays, suppliers that can’t deliver, and other supply chain disruptions can have a significant, negative effect on a business. To […]
Read more -
The Benefits of Using Payment Disbursement and Accounts Payable Automation Software
Every company has expenses. You’re paying employees, paying for products and services, replacing office equipment, and many other routine expenses. Managing regular payments for salaries, utilities, product invoices, and other expenses becomes more challenging as your company grows. A disbursement […]
Read more -
Capital Expense Management, Procurement, and Your Year-End Budget for 2022/2023
As we draw near the end of 2022, it’s time to start thinking of your 2023 budgets if you haven’t already. In the modern business landscape, things change so quickly that you can’t rely on last year’s budget when starting […]
Read more -
How Machine Learning Enhances Your Business Process Automation Software
More and more companies recognize the value of business process automation (BPA) software. If a business doesn’t already have some form of digitization and automation to help streamline their financial processes like accounts payable and purchasing, then there’s a good […]
Read more -
7 Tips for Managing Inflation in the Procurement Department
Rising inflation is hitting businesses hard. In many cases, cutting back on purchasing isn’t an option. Manufacturing companies still require direct materials in order to manufacture products. Transportation companies still need packing supplies. Those in the healthcare industry still need […]
Read more -
Purchasing with a Purpose: Supporting High-Level Goals through Strategic Procurement
Traditionally back-office functions like accounts payable and procurement are moving into the limelight. The AP department, for example, is increasingly recognized as the central hub for controlling spend management. Much like accounts payable, procurement can also play a strategic role […]
Read more -
This Is What You Need To Know About Your Data Capture Options For Accounts Payable
One challenge facing accounts payable today is that you receive so many different types of invoices. Some arrive on paper with your orders while others arrive as faxes from your suppliers. Some come attached to emails, and others arrive in […]
Read more -
How to Strengthen Internal P2P Controls and Improve Oversight with Automation Software
Can you access all your organization’s procure-to-pay information when you need it? Is it easy to research potential issues in accounts payable? Do your employees know exactly how to comply with important financial regulations? If you can answer “yes” to […]
Read more -
How Do You Know Whether or Not to Keep Using Excel?
You’ll often read articles describing Excel as an outdated tool for managing business processes. If you’re still using Excel in your business and you like the way it works, that probably seems like an odd description. What’s going on to […]
Read more -
Increase Security With Flexible Payment Solutions
Even before the pandemic, many companies started outsourcing business-to-business (B2B) payments in an effort to cut costs and focus on core business functions. Since the pandemic accelerated many companies’ digitization, the need for digital payment management has only escalated. Outsourcing […]
Read more -
Here’s How Improving the Accounts Payable Process Improves Utility Management
Utility invoices come through every company’s accounts payable department. When everything goes well, paying them is an essential, routine part of AP’s job. Utilities payments are a time-consuming part of accounting, but there’s a good chance most people in the […]
Read more
