9 min read
How To Overcome The Current Supply Chain Disruptions As A Manufacturer
As a manufacturer, your factory floor may be where your products come to life. Yet the goings-on in your factory can mask the critical role external actors play when asking for the inputs you need to confirm product delivery to the end user.
13 min read
Staying on Top of Business Finances with Budgeting and Budgetary Control
No matter the size or the market, controlling spending is a top priority for any business. Organizations have to maintain control over budgeted costs and actual spending to ensure stable growth and sustainable development.
14 min read
What Is Spend Management and Why Is It Important?
To earn money, a business needs to spend money first. Raw materials, maintenance services, and qualified employees are just a few on the long list of typical company expenditures.
12 min read
Accounts Payable and Receivable – Two Sides of One Coin
Every business starts with spending and ends with earning. But is it always about the actual cash? Accounts payable and accounts receivable become part of the cash flow before any actual money reaches bank accounts. Let's see how.
6 min read
Product Update, November 22
November might’ve seemed cold and gray, but at Precoro it’s been filled with creative energy.
11 min read
Why Implementing 3-Way Matching is Important
58% of AFP Payments Fraud and Control Survey respondents report that email scams have at some point targeted their accounts payable departments. What can businesses do to protect themselves from paying money for fraudulent invoices? They can introduce three-way matching to the purchasing flow.
9 min read
Everything You Need to Know About the Early Payment Discount
For every $1 billion spent on POs, there are about 3 million dollars in early payment discounts left unclaimed. Read on to discover how to qualify for and negotiate a discount.
9 min read
Why a Procurement Management Tool is a Must for Efficient Purchasing
Procurement managers aim to deliver results while optimizing expenses.