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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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Purchasing with a Purpose: Supporting High-Level Goals through Strategic Procurement
Traditionally back-office functions like accounts payable and procurement are moving into the limelight. The AP department, for example, is increasingly recognized as the central hub for controlling spend management. Much like accounts payable, procurement can also play a strategic role […]
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This Is What You Need To Know About Your Data Capture Options For Accounts Payable
One challenge facing accounts payable today is that you receive so many different types of invoices. Some arrive on paper with your orders while others arrive as faxes from your suppliers. Some come attached to emails, and others arrive in […]
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How to Strengthen Internal P2P Controls and Improve Oversight with Automation Software
Can you access all your organization’s procure-to-pay information when you need it? Is it easy to research potential issues in accounts payable? Do your employees know exactly how to comply with important financial regulations? If you can answer “yes” to […]
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How Do You Know Whether or Not to Keep Using Excel?
You’ll often read articles describing Excel as an outdated tool for managing business processes. If you’re still using Excel in your business and you like the way it works, that probably seems like an odd description. What’s going on to […]
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What is P2P? And How to Make Your Business P2P Seamless and Efficient.
The process between procurement and payment is often complicated. It involves purchase orders, invoices, tracking, budgets, order modifications, payment, and so on. P2P stands for this whole “procure-to-pay” or “purchase-to-pay” process. P2P is the process a company goes through to […]
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