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All posts for Technology

14 Jul 2022

3 Key Areas for Digital Transformation in Procurement

Established companies must adopt digital transformation strategies to remain viable in the markets that they serve. However, despite the use of e-Procurement systems for the last 15 years, many aspects of procurement remain manual, and prone to human error.

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12 Apr 2022

Hybrid Working: 7 Reasons Why you Need AP Automation in 2022

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.

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25 Mar 2022

Considering OCR? Read This Before Making Any Decision

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.

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18 Feb 2022

3 Procurement Actions for Cash Flow Management During a Period of Crisis

Over the last few months, many organizations have seen a major disruption to their supply chain which has seen a need to focus on cash flow in order to mitigate damages to the business.

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14 Feb 2022

The 5 stages of P2P Automation

As CFOs are pressured to drive cost and time savings, many are looking to modernize their Procure-to-Pay (P2P) processes.

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27 Jan 2022

9 Benefits of Accounts Payable Automation Software

Manual AP processes brought about many challenges long before remote working was the norm and they will continue to cause problems even after staff have returned to the office. Take the opportunity now to transform your AP process for the long-term.

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12 Jan 2022

What is Robotic Process Automation and How Does it Affect Accounts Payable?

As organizations continue to look for ways to reduce costs and improve efficiencies, one particular technology that is growing in popularity is that of Robotic Process Automation (RPA).

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09 Apr 2021

6 Instant Benefits of Automating your Procurement Process

Making 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.

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05 Mar 2021

The Importance of Strategic Procurement for your Organization

Setting 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.

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02 Apr 2020

Can Covid-19 Trigger Force Majeure Clauses in your Contracts?

Want to downsize your contract portfolio without paying penalties? Force majeure clauses hold the answer but are they triggered by Covid-19?

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27 Mar 2020

Crisis Management: The Top 5 Business Priorities for Finance Leaders During Covid-19

Are all eyes on crisis management during these unprecedented times? Here are the top five priorities to focus on, to help you through Covid-19

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13 Mar 2020

The Importance of the Prompt Payment Act During the Covid-19 Pandemic

Want to learn more about Covid-19 and Prompt Payments or Payment Practices? Read the blog now!

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05 Mar 2020

Covid 19: Why Aligning Procurement and Accounts Payable is Now a Necessity

By pairing Procurement and Accounts Payable, you unlock significant benefits. Learn the top five benefits and how to create ample communication and clear goals for the two departments

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20 Feb 2020

5 Tips for Working Capital in 2020

Working Capital is finally on the rise. Read the blog to discover five top tips on how to make the most of your Working Capital in 2020

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12 Feb 2020

5 Telling Signs your AP Team is in Crisis

Use these 5 red flags to determine if your AP team is in crisis mode, and implement these 3 solutions to create a united, strong team!

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06 Feb 2020

P2P Automation: 5 Steps Every CFO Should Know

Want to know the 5 steps to P2P automation and why companies are modernizing their process? Read the blog now.

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29 Jan 2020

How to Become a Contract Management leader

Contract Management has changed over the last 10 years. It's time to get up-to-date and become an industry leader.

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22 Jan 2020

Month-end: Signs you Need a New Solution to Successfully Adapt to Remote Working

There are a number of warning signs that your Month-end close process is in need of repair. In this blog, we explore the hints your team is giving you that your process needs an overhaul.

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27 Nov 2019

Unlocking the Benefits of Pre-Approved Spend

Pre-approved spend is a process that empowers specific individuals, departments or teams to take greater control of their spending while still complying with established procurement procedures.

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15 Aug 2019

Procurement Market Intelligence – What is it and Why is it Important?

Procurement market intelligence is an increasingly vital component of corporate purchasing, and today’s companies must invest in this area to promote overall success.

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08 Aug 2019

AP Automation Software: Preparing for the Switch

Nearly every company that is currently using manual AP processes can realize large benefits from incorporating AP automation software into their systems. However, how does a business know if they are ready to make the leap to AP automation software?

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13 Jul 2019

Discovering the Environmental Benefits of Electronic Invoicing

Electronic invoicing helps to eradicate many AP workflow challenges such as lost or missing invoices, many data entry and manual routing for approval. However, one area that is often overlooked is the impact that invoicing has on the environment.

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09 Jul 2019

The Future of AI in Procurement

The future of AI in procurement has limitless potential. Whether you want to automate mundane tasks, detect fraud or keep up with the latest trends in your industry, AI lets you reach your short- and long-term goals.

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30 Jun 2019

5 Reasons Why Your Procure-to-Pay Software Implementation Will Fail

Understanding 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.

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17 Jun 2019

Procure-to-Pay Automation: Why Getting Others to Embrace it can be the Biggest Challenge

Getting 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.

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16 May 2019

How Does Big Data Analytics Impact Procurement?

The age of big data analytics is equipping organizations with much more detailed information, and often in real-time. Teams are now positioned to make smarter and more accurate decisions on spending, suppliers and developing stronger procurement strategies.

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26 Feb 2019

5 Steps to Bring Supplier Relationships into the Digital Age

Procurement and accounts payable departments are in the midst a digital transformation. Time-consuming and manual processes are being automated.

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05 Feb 2019

How a Multinational Retailer Doubled Productivity with AP Automation

Every organization is familiar with the laborious process of paying bills to suppliers or accounts payable (AP). Late payments to vendors, lack of visibility, and delays in the accruals process are all common problems for finance professionals and management.

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01 Feb 2019

Essential Skills of the Modern CFO

The role of the CFO is constantly evolving. The most drastic transformation has occurred within the past 15 years: the introduction of the cloud, big data and digital currencies have contributed to a new era of financial management, processes and technologies.

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25 Jan 2019

How to Gain a Single View of Finance When You Have Multiple Systems

As business demands and compliance requirements intensify, finance professionals want to be able to complete daily tasks quickly on a single interface, rather than multiple systems, in order to spend more time on strategic, value-added work.

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05 Jan 2019

Embracing Mobile: A Game-Changer for Finance

Going 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.

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29 Jun 2016

Should Your Company Be Using EDI?

Electronic data interchange, or EDI, is the system-to-system transfer of data, from one trading partner to another. The transfer is facilitated by standardized, electronic message formatting without the need for manual intervention.

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