Vendor alignment is one of the most important parts of a business, simplifying a huge part of business management. It increases the efficiency of your work by onboarding them onto a certain software and increases the profitability greatly.
Vendors are an important part of any business, and it is important to give them the freedom they deserve. But giving vendors freedom doesn’t mean you allow them to be late to deliver products. Tardy vendors can be a cause of concern for your business; without...
📄 This week’s article series focused on Vendor Maintenance. Keeping a tight-knit vendor database can take some time. With supply chain changes happening just about every day now, it`s almost impossible to keep up with vendor changes.
Automating this process can be a hassle, but there are various ways in which you can ease into this transformation. This way, you can make sure that no employee feels left out or anxious. This article holds the key to easing into the transformation of automating the...
Audits are a common happening in the business world. It’s nothing to worry about, if you are running a successful business, an audit is just natural, but neither is it something to scoff at. It can get the company to lose its status in the market if the audit doesn’t...
What are accounts payable controls? There is a short answer to this and a long answer. The short answer is that it is the mechanism created to mitigate the risk of losses on the side of the AP team and, subsequently, the company. Coming to the long version of the...