Stay up to Date
Subscribe to our blog to get expert insight
for Financial Professionals straight to your inbox.
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.
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 moreThe European Banking Authority (EBA) published its outsourcing guidelines in February 2019. The transitional period for implementing these guidelines expires on 31st December 2021, leaving approximately six months for organizations to comply with regulations.
Read moreIn order to assist in tackling the challenges during the year ahead, we have outlined 5 key areas that all AP teams and Senior Finance professionals should be aware of throughout 2021.
Read moreWith AP responsible for processing invoices, ensuring payments are made on time and managing vendor relationships, the department has a direct impact on an organization’s ability to reduce costs and ensure compliance obligations are met.
Read moreWith the Covid-19 pandemic having had a major impact on the global economy over the last few months, many CFOs are now challenging their procurement function with the difficult task of reducing costs and consolidating spend.
Read moreMaking procurement more efficient was about steady progress over a number of years. Covid and widespread supply-chain interruption changed all that. Now, automating supply processes as rapidly as possible has forced itself to the top of corporate agendas.
Read morePaying vendors on time always made sense. It improves relations, enhances your ability to negotiate better terms and saves you money. However, the impact of Covid19 and the latest regulatory requirements make good payment practices more compelling than ever.
Read moreSetting the appropriate procurement strategy is the first step on the road to improved control and effectiveness of sourcing goods and services. Automating the strategy results in better matching to the objectives of the business.
Read moreDigitizing the finance function has become vital in the face of the current challenges facing businesses but for CFOs, this offers scope for making a much wider strategic contribution across their organizations.
Read moreAfter CFOs demonstrated an incredible capacity to pivot in 2020, they are being asked to turn full circle again. Companies are seeing the pandemic as a crucial period of transformation, with the procure-to-pay process a focus area for CFOs driving such change.
Read moreThe 4 trends highlighted amount to businesses working to improve the resilience of their supply chains over the year ahead. These trends should not simply be viewed as a reaction to Covid or a response to current uncertainties in the geopolitical landscape.
Read moreAll organizations, regardless of size are susceptible to invoice fraud. Significant increases in the number of people working remotely has lead to reduced visibility and control over AP processes and subsequent increases in fraudulent activity.
Read moreThe challenges experienced by accounts payable teams, as a result of the Covid-19 pandemic, has led to a surge in the number of organizations implementing AP automation. However, before you implement an AP solution, there are a number of steps to consider.
Read more
Subscribe to our blog to get expert insight
for Financial Professionals straight to your inbox.
Get in touch with our team, request a demo and see
how SoftCo can do this, that, the other!
According to Levvel Research’s Payables Insight Report, an invoice approval workflow that relies on manual routing…
