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Why 94% of Financial Spreadsheets Contain Errors (And What It Costs You)
If you’re using spreadsheets, it’s almost impossible for all of them to stay error-free. Over the past several years, we’ve seen many studies pointing out the high number of errors in business spreadsheets. Recently, a literature review published in Frontiers […]
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The Best Ways to Simplify Your Expense Reports
Travel and entertainment or travel and expense (T&E) payments account for up to 12% of many companies’ annual budgets. For most companies, managing these expenses involves employees submitting receipts and filling out reports, and then other employees laboriously processing those […]
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Here’s How BPA Software Can Help Your Company Manage All Types of Expenses
Managing expenses is a key aspect of maintaining a company’s financial health. There are several different types of expenses. A few examples include capital expenses for major projects, day-to-day operational expenses, and employee travel expenses. These different types of expenses […]
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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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Use BPA Software to Get CapEx Management and Procurement Working Together
Spend and cash flow management are always high on a CFO’s priority list. Because of the implications for finances, purchasing and expense management are typically also a high priority. Managing large-scale expenses typically takes center stage, but everyday expenses also […]
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Here’s What Good Capital Project Management Software Looks Like in 2023
In the modern business world, the more you can automate basic processes the better. Your employees have better things to do than keep track of which Excel file represents the correct budget or sift through dozens of emails trying to […]
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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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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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It’s 2021… Do You Know Where Your Budgets Are?
Finalizing numbers and gathering information from the prior year is a huge goal for the first month of a new fiscal year. For many companies, deadlines are getting closer and the pressure for fast, accurate reporting is increasing. Having immediate […]
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What Can The Finance Department and HR Learn From Each Other About Balancing Short- and Long-Term Goals?
At first glance, it might not seem as if the departments managing company finances and those managing employees have much to do with each other. Isn’t there a big difference between balancing a budget and retaining employees? Or between managing […]
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The Role of Automation in Managing Capital Expense Projects In The Manufacturing Industry
This is the second post in our new Automate Your Industry blog series. Today, we’re focusing on specific ways companies in manufacturing can benefit from NextProcess’s software modules. (We’ll have more industries coming up in the next few weeks.) You […]
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A Quick Guide to Getting Started with Rolling Forecasts
Rolling forecasts are widely regarded as a useful and reliable alternative or addition to traditional budgeting for the modern business world. In a rapidly changing business landscape, static budgets simply aren’t responsive enough to give many companies the flexibility they […]
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