The very definition of an entrepreneur implies someone who innovates. Innovation is what drives the market; without it, the spirit of competition would drown in a sea of redundancy. Although innovation is often seen as something that comes from the […]
John Chambers, the outgoing CEO of Cisco, made a shocking statement to an audience of business owners just prior to retiring in 2015. He stated that 40% of their businesses would be functionally dead in 10 years. His statement was […]
Having a viable Accounts Payable Automation system is like having properly functioning plumbing in your home. Without it, you could be in big trouble. Just like clogs and leaky pipes make for a miserable existence, so can a business that […]
Ideally, all departments in a business should be able to work together collaboratively to accomplish the overall goals of the company. In reality, things often don’t work so smoothly. Purchasing and Accounts Payable are an example of two departments that […]
Technological advances are surging ahead so quickly that many in the business world are experiencing a kind of jet lag. Those who have travelled between time zones know the feeling well. It disrupts your body rhythm, causing you to feel […]
In a recent article, the Harvard Business reviewed the differences between forecasting and predictive analytics and, how a company’s analytics are related to its profitability. http://bit.ly/2dJ7wzb So, in answer to the first question, predictive analytics goes way beyond forecasting because […]
When the use of artificial intelligence was first introduced, there were many science fiction movies made about the effect it would have on mankind. Computers and robots were often portrayed as sentient beings whose ultimate desire was to take over […]
A dramatic change is occurring in the perception of the worldwide market about the strategic importance of the accounts payable department. Business leaders are beginning to understand its importance in the making of primary monetary decisions. This is a clear […]
Nearly every manufacturing firm has had the experience of checking an inventory list for a requested item and finding that the supply was listed at zero, only to later discover that there were several of the same items sitting somewhere […]
