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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 moreEstablished 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.
Read moreIn order to make sure your procurement department is making the best choices possible, it is important to understand the nuances related to indirect spend management compared with direct spend management.
Read moreHere we run-through 7 important accounts payable performance metrics that can be monitored to ensure that your AP department is running both efficiently and effectively.
Read moreThe 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 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 moreThe 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 moreIf 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 moreBest in class procurement teams have left behind manual, time-consuming processes. Here are four steps to digitize your procurement process.
Read moreVendor relationship management is vitally important to every organization. If managed correctly, vendors can have a significant positive impact on company growth.
Read moreOCR 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 moreIs your organization getting all of the early payment discounts that it can? If so, you’re among only 33 percent of organizations who are, according to a Levvel Research survey.
Read moreSupply 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.
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