If you're a business owner, it's important to remain organized and efficient. You want to ensure that your vendors provide the best service possible. But how do you know if your vendors are effective? The best way to measure your vendors is by checking their...
If you're a business owner, the back end of your business is likely the last thing on your mind. But one of the most important aspects of growing your company is how well vendors and suppliers are managed. This is where Vendor Relationship Management (VRM) comes in....
Bringing an accounts payable (AP) conversion project to a satisfactory conclusion can be a simple and gratifying task. The AP team must exhibit powerful, proactive command, as with any successful endeavor, and there must be a considerable threshold of preparedness,...
The accounts payable process is often perceived as a cycle of making payments to vendors and tracking them throughout the month until they are repaid. This is how traditional accounts payables are completed. However, there are many advantages of companies adopting an...
A manual accounts payable process can be time-consuming and susceptible to mistakes. Continuing to work through stacks of invoices, personally contacting approvers, and mailing checks is time-consuming, exposes the organization to fraud, and makes audits difficult....
Vendor management is a field in businesses that are gaining prominence rapidly. As more and more businesses realize the need to manage vendors properly, the demand for vendor managers is hiking up. If you are seeking a career in this line and want to know its path,...