The need to fully utilize technological advances is the latest elephant in the room for the business sector. No longer are businesses lagging because they haven’t acquired the latest technology. Now they are simply slow in using what is already […]
Many of us in the 1980s were mesmerized by the “Knight Rider” television series that featured the “KITT Car”, an interactive Pontiac Trans Am with a human-sounding voice and smart technology operations that far exceeded the capability of a normal […]
Risk management is a daily struggle for businesses that directly affects accounts payable. For a variety of reasons, many corporations today are choosing to import from foreign suppliers. The advantages of using foreign suppliers are many, but the level of […]
It’s hard to believe that a large percent of B2B transactions in the US and the UK are still being done with paper checks and invoices. What’s even harder to imagine is that according to the leading management consulting firm […]
Buyers and suppliers negotiate contracts all the time. Sometimes they are in the form of purchase orders that must be accepted when received. At other times there are lengthier general contracts involved that are negotiated before a purchase order is […]
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 […]
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 […]
In 2008, an economic meltdown occurred all around the world. It has been almost a decade since the onset of this recession and the first attempts to kick start recovery. While the financial markets have now bounced back and enterprises […]
Transforming an AP Department into a highly efficient organization can be extremely challenging, but with AP Workflow it can be achievable. Now with the addition of accounts payable automation it can definitely lead to successful results. By definition AP workflow […]
