Procurement Basics
12 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.
9 min read
How to Create an Invoice Approval Workflow: A Guide
Check out this complete guide on invoice approval workflow to learn more about the process, AP's best tips and tricks, and how manual workflow differs from automated.
10 min read
The Basics of the Procurement Management
Procurement is an undeniably important component of any company's operations, but it's often done intuitively and manually.
10 min read
ERP Advantages and Disadvantages: How To Decide
Learn all you need to know about ERP systems: definition, types, advantages and disadvantages, and whether an ERP system is enough for procurement.
9 min read
Purchase Requisition – What Is It and Does Your Business Need It?
Have you ever felt overwhelmed with numerous employees’ requests to buy things? Purchasing for the business is universal, but what matters the most is how it’s handled. Read on how to utilize Purchase Requisitions to start the procurement process on the right note.
11 min read
Invoice Automation: How It Works
What is invoice automation and how it works, manual invoicing challenges and their solution, as well as useful tips included.
