Blog
Vendor Management and Responsibilities from Home Office Roles
The pandemic changed a lot of things about the way the world operates. While day-to-day operations became difficult, industries worldwide came up with new means and methods to keep functioning. When...
Streamline your Supplier Onboarding
Suppliers are essential parts of the business module. You must ensure that your business maintains a good and healthy relationship with your suppliers. You must have a well-defined and prominent...
3 Smart Tools for Procurement Teams for 2023
Businesses around the globe are turning digital, thanks to the major digital revolution happening right as we speak. According to surveys, 89% of global businesses have either adopted a digital...
Gain Transparency through Automation and Digitization
In today’s market, transparency is very highly valued. In an accounts payable department, efficiency is of utmost importance, but so is transparency. It ensures that everyone who needs to know about...
How do I get my Invoices paid faster?
Invoices are documents that tell a business who is to be paid and when they need to be paid. Invoices that businesses issue make sure that they are paid within the given time. However, if you feel...
Vendor discounts: Unraveling the complicated math
Discounts are the saving grace for a buyer. They are hard to ask for, but they are equally hard to understand. There’s a lot of math involved in availing discounts, which you should understand well...
What is invoice fraud, and how do you prevent it?
The accounts payable department is the heart and soul of a business. The importance of AP is exactly what makes it the prime target of fraudulent actions. This fraud can come from various areas,...
Early payment in AP (how much am I really saving?)
An early bird gets all the worms. In this case, an early buyer gets all the discounts. Discounts are a ray of hope to small and medium businesses, which let them compete with the large companies in...
Ten reasons why your business should focus on Vendor Management
Running a business is an extremely challenging task. You need to manage a lot of different stakeholders, and you have to keep track of all the different vendors who work with you. Without the right...