Blog
All posts for Technology
All posts for Technology
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.
Read moreProcurement market intelligence is an increasingly vital component of corporate purchasing, and today’s companies must invest in this area to promote overall success.
Read moreAutomation helps to eradicate many AP workflow challenges, such as lost or missing invoices, manual data entry, and manual routing for approval. However, the positive environmental impacts of automation are often overlooked.
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 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 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 moreOver 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.
Read moreAs CFOs are pressured to drive cost and time savings, many are looking to modernize their Procure-to-Pay (P2P) processes.
Read moreManual 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.
Read moreAs 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).
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 moreWant to downsize your contract portfolio without paying penalties? Force majeure clauses hold the answer but are they triggered by Covid-19?
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 learn more about Covid-19 and Prompt Payments or Payment Practices? Read the blog now!
Read moreBy 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
Read moreWorking 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
Read moreUse 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!
Read moreWant to know the 5 steps to P2P automation and why companies are modernizing their process? Read the blog now.
Read moreContract Management has changed over the last 10 years. It's time to get up-to-date and become an industry leader.
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 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 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 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.
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 moreProcurement and accounts payable departments are in the midst a digital transformation. Time-consuming and manual processes are being automated.
Read moreEvery 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.
Read moreThe 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.
Read moreAs 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.
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 moreElectronic 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.
Read more