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What’s The Difference Between Proactive and Reactive Accounts Payable?
Is your accounts payable reactive or proactive? This might not be a question you’ve spent much (if any) time thinking about, but it can have a significant impact on how well your AP department functions. In this article, let’s take […]
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Understanding The Essential Role Data and Analytics Play In Procurement
There’s a wealth of important data flowing through procurement. The problem is, most procurement departments don’t have the tools to capture all this data, much less apply analytics and turn the data into something useful. Traditionally, procurement systems only gather […]
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3 Cornerstones That Will Help You Successfully Transition To Digital Procurement
Are you planning to digitize your procurement? According to research from the Center for Global Enterprise (CGE), you should be if you want to lower costs and increase revenue. The CGE’s research predicts that digitizing your company’s supply chain could […]
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Want To Customize Financial Software For Each User Without Extra Fees? You Can With NextProcess
So you’ve found a new software for your business. It seems perfect. All the features you need, the price seems right, and it’s supposed to be easy to use. But then you learn the price was only for a limited […]
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Here’s How To Define and Solve Procurement Problems While Using Business Process Automation Software
If you’re having troubles with procurement, you have to define the problem before you can work toward a solution. Procurement issues can take many forms. In some cases the problems are obvious. In others, your procurement might work pretty well […]
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What Do You Do With Paper After You Digitize Documents, What to Keep What to Toss?
You’ve heard about how great digitizing your documents can be. Digital files are easier to search and access, take up less space, and are more secure. But what about all the paper files that digitization leaves behind? One of the […]
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Essential Tips For Becoming A Well-Rounded CFO
Major changes in today’s business landscape have opened the door for enterprising CFOs to achieve their full potential. The shift to an information economy, need for improved tech security, globalization of business, and increasing shareholder activism make it imperative for […]
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Are You Having Trouble With Your Business Processes? Maybe It’s Time To Automate Them
Many organizations struggle to manage their core business processes. A 2015 study by Tipalti, which polled 100 senior finance decision makers and executives, found that “51% were dissatisfied with the processes they use to pay their suppliers.” And the problem […]
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How To Set Up A Purchase Order System For Large Organizations
The larger an organization grows, the more important it becomes to keep track of purchasing. A poorly functioning purchase order (PO) system or, worse, no system at all will result in purchasing problems that cost your company money. And since […]
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What’s The Difference Between Image Capture and Image Indexing?
Have you ever been frustrated with your digital image capture? You’ve scanned a paper document into the system, opened it up, and then found out you can’t search for keywords or interact with the data. You thought digitizing your paper […]
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The Power of Using Metrics To Monitor Capital Expenditure Planning
Making decisions about capital expenditures without having a plan is a recipe for disaster. If you’re going to manage capital projects and stay within budget, you need to set goals and take time for planning. That’s something we can all […]
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5 Painless Steps To Create An Effective Vendor Compliance Policy (And Why You Should Bother)
Maybe you’ve never thought about creating a vendor compliance policy. You place an order, the vendor delivers it. Pretty simple most of the time. You’ve got purchase orders to provide legal documentation if there’s a problem with the order and […]
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