Poor invoice processes can have some terrifying effects on a business's cash flow and overall financial health. When invoices are not processed efficiently, payments can be delayed leading to potential petrifying cash flow ...
Financial processes are not just important, but absolutely crucial to the success and growth of any organisation. They serve as the backbone of a company, ensuring that money flows seamlessly through every department.
3 way matching in Accounts Payable safeguards businesses against the threat of fraud, over payment and provides control over spending. Automated 3 way matching gives business owners the security they need to ensure only ...
The accounts payable process is vital and no business can exist without it. How efficient accounts payable teams are relates directly to the financial stability of an organisation.
Modern businesses are always on the look out for new tools and solutions to increase efficiency and improve processes. It is why finance teams implementing workflow software reap the benefits compared to their competitors, ...
Improving and ensuring document security needs to be a priority given the confidential nature of a large amount of information processed by businesses. Fraud, fines and legal action are all potential consequences of data ...
Having an efficient document approval process in place that can adapt when approvers are on holiday or working from home, can make all the difference. It ensures bottlenecks do not appear, that documents are approved in a ...
Purchase to pay is the full end to end process an organisation will go through from the initial order request of goods or services, through to delivery and payment. It can be called a variety of different things including ...
A purchase order system enables organisations to digitally create, track, manage and approve purchase orders. Our software simplifies and streamlines the entire ordering process, automating tasks and removing the reliance on ...
In this article we explain the basics around Purchase Requisitions vs Purchase Orders for any organisation looking to implement a full Purchase Order Process, or for those struggling to control costs.
ISO 9001:2015 is a standard set by the International Organisation for Standardisation, outlining what is needed for a Quality Management System (QMS). ISO is an independent, non-governmental organisation that develops and ...
The challenges presented by invoice processing can weigh heavily on finance teams. Monthly deadlines that rely on accurate data can be difficult with manual, slow processes. Added to this, pressure from management for ...
