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Expert insight for financial professionals
Expert insight for financial professionals
Explore how automation helps retailers tackle rising operational costs, from managing invoices to improving efficiency, boosting transparency, and enhancing decision-making.
Read moreThere 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.
Read moreTaking inspiration from 2019, Accounts Payable Trends for 2020 continues to be dominated by the leaps in technology. If you're in a position of planning or decision making, you won't want to overlook these trends.
Read moreImportant technological changes have occurred that promise to continue reshaping procurement in 2020 and beyond. Here are five of the critical trends that are expected to shape procurement in 2020.
Read moreRegardless of size, all businesses must be able to efficiently manage documents in order to be successful. An efficient document management system can be a real asset to several of your departments.
Read morePre-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.
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 moreMaverick spend is an expense that results from purchases made outside of corporate guidelines and adopted procedures. It can be accidental or intentional and typically occurs when an employee unilaterally purchases a product.
Read moreNearly 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?
Read moreContract matching, found within many contract management systems, is a transformative tool that allows organizations to automatically match invoices that they receive for regular and predictable payments to an underlying contract.
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 moreStraight through processing may mean different things to different people in different contexts. But to most, straight through processing means eliminating all invoicing exceptions and the related labor for 100 percent of a company’s procurement activity.
Read moreThe 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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