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Transforming Vendor Finance with Innovative, Dual-Benefit Solutions
Depending on who you ask, the U.S. economy is either already in recession or very likely to go in that direction. In the current business climate, vendors are looking for faster payments so they can make ends meet without waiting […]
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7 Reasons Why Outsourcing Procurement Services is Exactly What Your Business Needs
If you’re in a product-based business, procurement is key to your success. It’d be tough to manufacture all your own parts and materials. In some cases, it might even be impossible. Either way, things run much more smoothly if you […]
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Here’s How Category Management Solutions Can Improve Procurement In Your Company
The procurement process can get pretty messy, especially as your organization grows. If your company has a lot of orders going through the procurement department, it’s very easy for things to get disorganized. One way to help combat this problem […]
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4 Ways Self-Service Accounts Payable Can Help Your Small Business
When you run a small to medium business (SMB), your accounts payable can quickly turn into a nightmare. Not only do you have to oversee regular overhead costs, like paying the rent and utilities, but you also have to handle […]
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Here’s What You Need to Know about Using Utility Bill Tracking Software to Help Your Company Manage Complicated Utilities Data
One of the most complex tasks every company has to consider involves managing and paying for utilities. Utilities billing can get complicated very quickly, especially when you’re managing more than one facility. When managing multiple facilities, there’s a good chance […]
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10 Most Costly Procurement Mistakes and How to Avoid Them
Your company’s purchasing ability depends in large part on the effectiveness of your procurement system. When the system is working well, then purchasing goes pretty smoothly. But if you’re working with an inefficient system it’s going to lead to a […]
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Avoiding Purchasing Pitfalls: Procurement Management Practices
The success and effectiveness of most departments in your company rely on your procurement management strategy. This holds true no matter what type of business you’re in. Manufacturers need to ensure that they have enough inventory to produce at expected […]
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To Receive Or Not To Receive: Inventory Management and 3-Way Matching
Just about everyone is using purchase orders nowadays. Companies of all sizes find this system is a more straightforward way of managing orders, reviewing purchases, and getting some insight into where their spend is coming from. It makes sense to […]
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Discover 5 Of The Best Tools You Have For Preventing Invoice Fraud With AP Automation
Fraudulent invoices slip through accounts payable far more often than you might think. They’re typically low amounts that don’t need payment approval and show charges for things your company actually buys, such as printer paper or telecommunications services. At first, […]
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Harnessing Metadata in AP Automation
Accounts Payable automation software has been spreading all over the country and helping businesses improve their practices and save money across the board. Combining digitization and data entry is the ideal way to maximize the data available while making your […]
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Your Vendors Should Email Invoices-Here’s Why
Despite our technological progress over the last ten years, businesses are still riddled with paper requirements. The IRS requires hard copy documents to be maintained for at least seven years. Some state laws mandate businesses keep hard copies for everything […]
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