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Tips for Using Software Tools To Stop Losing Money in Capital Project Management
How efficient are your company’s capital projects? According to business experts, about 30% of the costs involved in large capital projects are wasted. And the experts say this isn’t a baffling number, given the complexity and often changing nature of […]
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Why Pick Software-as-a-Service (SaaS) for Automating your Business Processes?
Even if you haven’t already started using software solutions and automation to make your business processes run more smoothly, process automation is likely on your radar. Automating things like accounts payable, purchasing, and expense reporting has been going on for […]
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Here’s How Business Process Outsourcing Makes It Easy To Scale Up Your Company
When you’re running a business, how well your business scales is a vital consideration. This is particularly important for small and midsize businesses and new companies. Scalability plays a significant role—perhaps the most significant role—in determining if your business is […]
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What Is ERP Integration and How Does it Work With Business Process Automation?
Enterprise resource planning (ERP) software like Microsoft Dynamics 365 Business Central or NetSuite provides vital services to companies. With a good ERP system, your company can manage a variety of high-level business processes in one centralized software. Typically, an ERP […]
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Top 10 Benefits of Using A Document Management System
Is the paper in your office getting out of hand? Boxes taking up too much space? Or are important documents stored off-site where you can’t easily get to them? There are many good reasons to store business records, but if […]
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5 Ways to Use Travel and Expense Data Strategically
How do you use the data you’re collecting about travel and expense (T&E) in your company? Just about every company needs a way of managing reimbursements for travel and other expenses. This process generates data related to T&E, but companies […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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