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.
AI can be an enabling technology and need not be an “all or nothing” proposition. Using elements of AI to augment and strengthen embedded technology solutions can provide significant short-term benefit
Read FullArtificial Intelligence (AI) plays a crucial role in data capture and OCR (Optical Character Recognition) applications, revolutionizing the way we process and extract information from various sources. For accounts payable (AP) departments and other financial back-office areas, AI assisted data capture can provide tremendous efficiencies and increased accuracy.
Read FullWhat are they? Why do I need one? Vendor management portals, also referred to as vendor portals or supplier portals, are cloud-hosted software platforms that allow organizations to efficiently manage their relationships with suppliers, vendors, and contractors. Some of the key features and benefits of a vendor management portal include: Centralized Database: A vendor management […]
Read FullEfficiency gains but be vigilant with security and data privacy AI is already having a significant impact on financial back office operations, and its influence is expected to increase exponentially in the coming years. While many will see opportunity others will not be so be so optimistic. Regardless of what side of the issue you […]
Read FullCost per invoice = (Total personnel costs + Total overhead costs + Total technology costs + Other costs) / Total number of invoices processed
Read FullSo, what exactly is included in a vendor packet? The contents can vary greatly depending on the industry and the needs of the business.
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 FullWhat are the factors to consider in an AP automation solution? When selecting an AP (Accounts Payable) Automation solution, there are several factors to consider. Of course your specific company and industry requirements will play a role, but in general here are some key things to look for: Beyond the technology it is important that […]
Read FullThese highly configurable, cloud-hosted solutions provides our clients peace of mind that their vendor remain in compliance and their vendor master data is up to date, reducing any risk of liability.
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