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.
What is Vendor Onboarding? Vendor onboarding, or supplier onboarding, is the process of gathering the documents and data needed to set up a company as an approved vendor and to enable your organization to efficiently conduct business, purchase goods and services, and make payments to that company. It should offer functionality such as vetting and validation […]
Read FullWhat is Data Capture? Data capture is the process of “capturing” and converting information from documents (paper or electronic) into a form that can be handled electronically, and preferably with little or no human intervention. It is present in some form or another in every organization’s financial back-office. An Accounts Payable (AP) environment extracts information […]
Read FullTo take advantage of all the benefits of hosting an application in the cloud, you do not have to compromise functionality or configurability. Let’s talk about how to do this with single tenant cloud solutions. What is SaaS? Software as a Service (SaaS) is the predominant delivery model for cloud-based business applications today. SaaS is […]
Read FullWhat is Invoice Matching? Invoice matching is the comparing and linking of a supplier invoice with the underlying data on which the cost is based, such as a contract or purchase order (PO). Usually companies will perform a 2 or 3 way match. A two way match compares the invoice amount to the corresponding PO. If […]
Read FullWhat is a PO Flip? A PO Flip, is essentially a conversion of a purchase order into an invoice. Usually done electronically or through an automated solution such as a Vendor Portal or Supplier Portal. In a PO Flip scenario the vendor would enter a PO number into a web form and the the buying company’s […]
Read FullWhat is Vendor Self-Service? Vendor Self-Service is a benefit of Vendor Portals and Supplier Portals. They allow a vendor to provide and access information without intervention from the buying company. This data may be necessary for vendor onboarding, compliance or payment or may be the results of payment status or payment dispute inquiries. By providing […]
Read FullWhat are the data capture solutions currently changing the back-office? Data capture solutions have been around for a long time and continue to be used extensively in many different industries. Let’s explore some new data capture solutions currently taking back-office operations undoubtedly by storm. OCR Optical Character Recognition (OCR) is widely used in many industries […]
Read FullWhat many users are unaware of is that there are many money saving, process improving solutions available such as vendor portals, supplier portals, business process management, advanced workflows, vendor onboarding, accounts payable automation, and a variety of other technologies available in cloud hosted configurations.
Read FullHow to ensure you are managing your spend well One of the components of vendor management program that is often either overlooked, or over killed with a system that provides lots of complex data to help you “manage” your spend, is spend analysis. For many companies the trick to managing their spend (their colleagues buying behavior) […]
Read FullFinancial back offices in the food manufacturing, food distribution, food service and related industries are full of complexities due to their dynamic nature – pricing, costs, allowances, rebates, deductions and other information that needs to be up-to-date and accurate. Some of this information can literally change hour to hour. Operational and financial decision makers need the most […]
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