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What Does AP Automation Actually Cost?
- 3:51 pm
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You’ve heard AP automation will save you money. That sounds great, but you want a more precise answer about the actual costs. Exactly how much money does automating your AP department really involve? Giving an exact answer is a bit […]
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3 Deadly Purchasing Pitfalls to Avoid
- 1:00 pm
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When looking at the procure to pay process of a company, a lot of companies will focus on the payment side of the equation. Accounts payable and cash flow are both definitely important. However, purchasing is a critically relevant department that […]
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3 Ways To Cut Costs With Process Automation
- 12:37 pm
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Business process automation is more than a fad. It’s a simple, cost-effective way to optimize your business processes while reducing your spending. It also streamlines things for employees in the automated departments, making automation a win-win for everyone in your […]
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Managing Expense Reports Effectively
- 10:12 am
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No matter what the business, managing expense reports presents a challenge for companies to manage. Traveling for business has become more and more frequent in an increasingly global economy. Taking care of employee reimbursements can take up a lot of […]
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How To Expense Data Storage as OpEx
- 11:43 am
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If you’d rather handle digital data storage as an operational expense than as a capital expenditure, it’s time to outsource your data storage. Whether you lease servers or purchase cloud storage, handling data storage as Opex can be a good […]
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Expense Report Fraud with Extreme Consequences
- 2:29 pm
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Dubious expense reporting is a quiet scourge in the office world. Unfortunately for one man, there was suddenly noise everywhere over his reimbursements. Sasha Frere-Jones, a music writer for the LA Times, left suddenly after a preliminary investigation into his […]
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Should I Automate My Business Processes or Outsource Them?
- 10:59 am
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It’s no secret that automating and/or outsourcing business processes can save your company time and money. But which one should you pick? It all depends on exactly what needs to be done and how much of your process you want […]
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The Metric That Is Costing You Money and How to Fix It
- 9:06 am
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Maintaining a good accounts payable turnover ratio is a delicate balance of efficiency, cash management, and vendor terms. Also called the Accounts Payable Days Formula or simply “Creditor Days”, this is a formula to calculate a “turn”-the number of AP […]
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Purchase Orders for Growing Businesses
- 4:38 pm
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When just starting out with your small business, you probably didn’t invest in Procure to Pay software or automation for purchase orders. After all, how hard is it to just call your supplier up or send in an order online […]
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How Effective Is AP Automation?
- 4:18 pm
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Automation is a hot topic in Accounts Payable today, but is it really as good as it sounds? Turns out, top researchers are finding that accounts payable automation does save a significant amount of time and money. Automating the AP […]
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Three Tips to Curtail Maverick Spending
- 11:53 am
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In some companies, Maverick spending can account for up to 80% of purchases made. That’s 8 out of every 10 purchases that don’t line up with purchasing rules established by corporate procedures. If this goes on unchecked, the company is […]
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4 Ways to Simplify Your Expense Reports
- 1:24 pm
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Travel and entertainment is one of the biggest business expenses on the books, accounting for 10 to 12 percent of the annual budget for most companies. It’s essential that you record and manage expense reports carefully, but this is a […]
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