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A win for buyer and supplier In today’s fast-paced and high interest rate environment, maintaining strong supplier relationships is essential. One way to achieve this while also maximizing savings is by offering suppliers a dynamic discounting program. This financial strategy becomes even more compelling in a high-interest rate environment where certain suppliers struggle with the […]
Read FullWhile the actual savings will vary depending on your company’s specific circumstances, industry and case studies have reported cost savings ranging from 20% to 50% or more in AP departments implementing AI-powered solutions.
Read FullProcurement and finance are two crucial departments within any organization that have a significant impact on its success. When these two departments work together, they can significantly improve the vendor management efforts of an organization resulting in cost savings, better vendor relations, and healthier supply chains.
Read FullIn today’s rapidly evolving business landscape, organizations are constantly seeking ways to optimize their operations, reduce costs, and enhance productivity. One way to achieve these goals is by investing in best-of-breed business solutions. These solutions are designed to provide superior functionality, flexibility, and scalability than their all-in-one counterparts, such as ERP platforms.
Read FullWith a new year comes new challenges and new opportunities for all of us. The key to making sure we turn those challenges into opportunities is being proactive in taking on the challenges presented head on.
Read FullAccounts Payables key role in contributing to a companies cash flow. In these uncertain economic times AP can play a prominent role in the cash management process by deploying a number of tools and processes that will impact their companies cash flow. After all, accounts payable is one of the largest, if not the largest, dispenser […]
Read FullAs 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.
Read FullIn 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.
Read FullThe 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 […]
Read FullIt’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 […]
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