As managers search for areas of opportunity to shore up the bottom line in these economic times, one area of hidden value that is often overlooked is the financial back-office.
In the unstable economic times we are are currently in Dynamic Discounting provides an efficient way to optimize cash flow in a highly dynamic, real-time environment.
The time is now to drive efficiencies in your back-office operations The signs are all there: supply chain disruptions, increasing interest rates, high levels of inflation and now we are starting to see layoffs in certain companies and industries. An economic slowdown, perhaps even a recession, is here and for those of us who have […]
Procurement. Finance. Vendors. Keys to an effective vendor management program. An important part of smooth operating supply chains is onboarding and managing the vendors and suppliers that are key to your organizations success. Once onboarded it is critical that all the key stakeholders from procurement (purchasing), finance (accounts payable) and the vendor (supplier) communicate and […]
There has to be a better way! A vendor packet is a collection of forms and documents that a buyer sends to a potential new vendor in order to gather the required information to establish a business relationship. These packets generally include all the necessary information needed to set up a new vendor for payment […]
It’s not just about OCR Document and data capture has long been one of the most discussed and researched technologies in the financial back-office and accounts payable worlds. In fact, the need to automate the digitization of documents, and the capturing of data from those documents, was the driver of the development of both OCR […]
Process automation is an ongoing part of the business landscape in most organizations. Companies are continuously looking for ways to improve internal and external processes to accomplish a number of goals: Increased customer service Smooth out supply chains Reduced internal costs Improved vendor communications/relations Manage cash flow more efficiently Eliminate non-value add tasks Process automation […]
Vendor portals (supplier portals) can be a powerful tool in enabling a vendor self-service based vendor management program in your organization. The functionality can provide tremendous benefits to your procurement and purchasing operations as well the finance and accounts payable departments. By leveraging the flexibility of a supplier portal, or vendor portal, companies can automate […]
Vendor management has been getting increased exposure among large businesses lately. Some of that can be attributed to the times we are in and the increased focus on those critical suppliers and vendors in your supply chain. Now more than ever it is critical to manage key vendors by insuring compliance and supporting vendor health. […]
As a software business analyst, it’s a fun job to work along side software developers and test the client applications they develop. It’s intriguing to help and watch a solution being developed that will eventually be used by a myriad of users in many different locations, performing many unique tasks. However, there’s a lot to […]