Procurement Basics
10 min read
Five Foolproof Ways to Shorten the Cash Conversion Cycle
How do companies improve their cash flow and liquidity? By shortening the cash conversion cycle! There are five main tips you should know.
26 min read
The Definitive Guide to Cost Savings
The COVID-19 pandemic and then the full-scale Russian invasion of Ukraine have proved that, at any moment, seemingly perfect plans and financial projections can suddenly become unrealistic.
9 min read
The Top 5 Skills Every Procurement Manager Needs
Explore the most important skills for procurement managers. Plus, read about common challenges for a purchasing manager and how to solve them.
9 min read
Automated Invoice Processing with OCR: How It Works and Why Use It
Discover the fundamentals of automated invoice processing with OCR: how the combo works, what advantages it offers, and solutions for AP challenges.
9 min read
Open Invoice: Everything You Need to Know
As a business owner, an accountant, an employee of the finance department, or even a salesperson negotiating the contracts, you will eventually come across the term “open invoice.” This is true whether you are part of the buying company or the vendor.
11 min read
Top 5 KPIs for Purchasing Managers
Purchasing manager job responsibilities can vary greatly depending on the company. With some simple metrics, you can assess how well they are managing purchasing processes.
12 min read
Purchase Order vs. Invoice: Do You Need Both?
While some companies choose not to create POs for invoices, studies show this approach comes with considerable downsides.
13 min read
GAAP for Accounts Payable: What It Is and Why It's Important
What are the Generally Accepted Accounting Principles and how can they increase transparency in the AP process? Explore the importance and fundamental rules of GAAP.
