Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
When sifting through the many available technology options, it is crucial to choose technology that keeps up with rapid growth and change as it can mean the difference between success and failure. Scalability within your new technology helps to promote efficiency and sustainability by ensuring your systems can handle increasing demands and adapt to future […]
Read FullMany organizations rely on a diverse network of vendors to support their operations. While this diversity offers numerous benefits, such as increased resilience and access to innovation, managing a large number of suppliers can present significant challenges. From ensuring timely payments and maintaining consistent quality standards to mitigating security risks and optimizing costs, effectively managing […]
Read FullThe start of a new year is the perfect time to take stock and identify areas for improvement within your organization. For many businesses, this includes refreshing back-office operations. This blog post will explore key strategies to refresh your financial back office, including leveraging technology and automation, improving data management, and enhancing internal controls. We’ll […]
Read FullAccounts Payable (AP) automation has revolutionized the way businesses manage their financial operations. By streamlining processes and reducing manual tasks, AP automation can significantly improve efficiency, accuracy, and cost-effectiveness. To maximize the benefits, following accounts payable automation best practices is essential. Here are 7 key best practices to consider: Centralized Data Management Robust Workflow Design […]
Read FullToday, businesses are increasingly recognizing the value of diversity and inclusion. This extends beyond the workforce and into the supply chain. By fostering a diverse vendor base, organizations can receive many benefits, from improved innovation and creativity to enhanced risk management and stronger community relationships. In this blog post, we’ll discuss the importance of vendor […]
Read FullIt can be easy to become complacent about back-office operations. After all, they’re the behind-the-scenes functions that keep the business running smoothly, right? While this is true, neglecting these operations can have significant, often silent, costs. In this blog post, we’ll discuss the costs of stagnation in your financial back office, and how you can […]
Read FullVendor portals have become essential tools for streamlining procurement processes and improving communication between businesses and their vendors. However, getting vendors to adopt these portals can be a significant challenge. Here are some strategies to overcome these hurdles and help with promoting vendor portal adoption. Clear Communication and Value Proposition User-Friendly Design and Onboarding Incentives […]
Read FullThe financial back office houses critical information like customer accounts, transaction histories, and financial reports, making it a prime target for cybercriminals. A single breach can have devastating consequences, including significant financial losses, reputational damage, and regulatory fines. As such, robust security measures are no longer a luxury but an absolute necessity for financial institutions. […]
Read FullThe distinction between a cost and an investment lies in the anticipated future value. A cost is an immediate expense that doesn’t yield significant long-term benefits. Conversely, an investment is an expenditure made with the expectation of future returns. While investments may require an initial outlay, they often lead to increased efficiency, reduced risks, improved […]
Read FullA resilient and efficient supply chain can significantly impact a company’s bottom line, customer satisfaction, and overall business performance. As supply chains become increasingly complex, maintaining their health requires a multifaceted approach. In this blog post, we’ll discuss establishing and maintaining healthy supply chains. Why Supply Chain Health Matters Supply chains are the backbone of […]
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