Blog
All posts for Procure-to-Pay
All posts for Procure-to-Pay
One of the keys to an effective agreement management process — and impactful procurement — lies in maintaining contract visibility. In this blog, we discuss why visibility is so critical to your mission and how automated solutions can help you achieve it.
Read moreEconomic uncertainty continues to generate cost consciousness globally, with few signs of abating. CFOs are pressuring procurement teams to step up.
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 moreCash flow management should be treated as a major priority by organizations of all sizes, given how accurate an indicator it can be of a business’ long-term financial health.
Read moreTraditionally, 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 moreVendor relationship management is vitally important to every organization. If managed correctly, vendors can have a significant positive impact on company growth.
Read morePart 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 moreAs CFOs are pressured to drive cost and time savings, many are looking to modernize their Procure-to-Pay (P2P) processes.
Read moreWhen you’re building the business case for automating your procure-to-pay business process, use these ten points to demonstrate return on investment (ROI) and win management support.
Read moreWorking Capital management is particularly important since it is an accurate barometer for assessing the long-term financial health of a business and ensures that adequate cash flow is always maintained to meet its short-term commitments.
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 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 moreAre all eyes on crisis management during these unprecedented times? Here are the top five priorities to focus on, to help you through Covid-19
Read moreWant to know the 5 steps to P2P automation and why companies are modernizing their process? Read the blog now.
Read moreThe foundations for your business relationships with suppliers are established during the supplier onboarding process. Certain strategies should be adopted to establish amicable and successful business relations with suppliers during the onboarding process.
Read more2-way matching is essentially a simplified version of 3-way matching. Ultimately, deciding to use a 2-way matching system is simply a matter of your company’s needs. When weighing your options, look at the types of goods or services you need.
Read moreUnderstanding not just how the implementation of procure-to-pay software can succeed but why it can sometimes fail can go a long way towards avoiding some of the most common pitfalls that companies often encounter.
Read moreGetting your workforce to embrace change can often be one of the biggest barriers to procure-to-pay automation. Fear of change, however, can often be brought on by a lack of knowledge. Educate your employees and present the opportunities that it can bring.
Read moreHaving a high first time match rate is an essential key performance indicator for accounts payable teams. It is important that organizations assess their current invoice matching process and look to optimize it wherever possible.
Read moreProcurement and accounts payable departments are in the midst a digital transformation. Time-consuming and manual processes are being automated.
Read moreGoing mobile for finance activities is a growing phenomenon. As of 2016, over half of all smartphone owners with a bank account used mobile banking at some stage during the previous 12 months.
Read more