Blog
What is the Best Way to Manage your Accounts Payable?
There is always room for improvement in your business. You should follow this principle to make sure that your business always prospers. Such dedication is required to achieve better revenue in your...
What is Dynamic Discounting?
Dynamic discounting is an early payment process that benefits both ends of the supply chain, i.e., the supplier and the buyer. Which buyer does not love discounts? Most of the discounts usually...
Supply Chain Vendor Management
You will have multiple vendors to do business with as a business, and their numbers will grow up as you expand. While it may be easy to manage them initially, managing vendors and their relevant...
How Do I Get My AP Invoices Paid Faster?
Invoices are slips that tell you who is to be paid and when they expect that payment. Invoices that you issue make sure that you are paid within the given time. However, if you feel that your buyers...
Leverage Dynamic Discounting with your Vendors
In the market of today, money and trust are everything. The world runs on money, and people run on trust. Large companies have a lot of cash to influence the market, but what about medium-sized and...
Early payments (Dynamic discounting) 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 the small and medium businesses, which let them compete with the large companies...
A Day in the Life of an AP Clerk
An AP workflow is the heart and soul of a business. The people who manage it, AP clerks, have a hectic life. An AP workflow involves paying off debts taken from vendors by the business, paying off...
Vendor Management From Home Office Roles And Responsibilities
The pandemic changed a lot of things about the way the world operates. While day-to-day operations became difficult, industries around the world came up with new means and methods to keep on...
Vendor Management – Another Vendor Going Out of Business – Chapter 11
re are times when a vendor goes out of business, which means leaving procurement to get products from someone else. There can be various reasons why a vendor may go out of business, the vendor has cash flow issues. The vendor cannot meet supply demand, the vendor has been hit by a global pandemic.