Expert insight for financial professionals
The role of the CFO, Senior Finance Leaders, Accounts Payable and the Finance department are constantly changing to meet new business challenges and opportunities. These posts delve into this new landscape and the business processes and technologies which support this transformation. If you want to receive our expert advice for finance professionals direct to your inbox, just click here.
The slow pace of approval and payment of non-PO invoices in a manual system makes the process inferior, time-consuming, and frustrating for AP professionals. Read on to find out what companies can do to overcome these challenges.Read more
Traditionally, accounts payable processes have tended to be somewhat disorganized and inefficient, with several manual elements involved. This causes many issues for AP teams, with a disjointed invoice approval workflow a major contributing factor.Read more
The perils of manual invoice matching will have become all the more apparent for AP working remotely in recent times. Improve supplier relations, reduce human error, lower processing costs and improve control and visibility by automating three-way matching.Read more
If the switch to remote working has proven difficult for your AP team over the last few months, now is the time to join the many organizations that have already implemented an automated accounts payable solution. Here are 7 reasons why.Read more
Best in class procurement teams have left behind manual, time-consuming processes. Here are four steps to digitize your procurement process.Read more
OCR is a useful tool for extracting invoice data, however, beyond that its capabilities can be limited. Before making a decision on OCR, you should assess each element of your accounts payable process and whether or not data extraction is your only problem.Read more
Supply chains can be complex and difficult to manage, particularly when several suppliers and products/services are involved. Organizations should prioritize supply chain optimization in order to achieve efficient product/material flow and financial flow.Read more
A career in procurement has the potential to be a long and rewarding one if approached in a proactive way. With procurement now seen as a major contributor to company growth, it’s no longer simply a bridge to somewhere else.Read more
Part of shopping around for a solution will involve a demo taking place at your company. This affords an opportunity to ask the important questions that will help you find the solution that truly meets your organization's requirements.Read more
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