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There’s a new reality in manufacturing. And to survive it, you’ve got to treat your suppliers like gold. Driving down costs through the supply chain is no longer an option, and paying invoices on time is non-negotiable. Combined, these changes could erode your profit margins and disrupt cash flow.
Read more - Identifying and fixing common Accounts Payable problems in manufacturing companies: a guide for the finance team
Spend analysis is imperative for your professional procurement function as it reviews all spend data. This data-gathering process helps you ...
Read more - What is spend analysis and why does it matter?
Accounts Payable is one of the most important, yet challenging, functions within the pharmaceutical industry. With vast numbers of ...
Read more - Identifying and fixing the AP problem in Pharma
According to Infor, approximately 0.1% to 0.05% of invoices are paid twice. These are called duplicate payments, where a company pays a ...
Read more - Duplicate Invoice Payments: Why They Happen and How They Can be Avoided
Business process outsourcing companies (BPOs) have been riding a wave of opportunity for the past two years. And it’s about to get even ...
Read more - Four ways you can boost BPO profitability in F&A and drive more value for your customers
ERP (Enterprise Resource Planning) systems tend to be ‘Jacks of all trades, masters of none.’ Sure, they do the fundamentals well, but ...
Read more - The future of finance – the best ERP bolt-ons
The procure-to-pay process can’t simply rely on trust between the Payee and Payer. A secure, information exchange process is required – one ...
Read more - Procure to Pay Guide to Secure Payments