Procurement Basics
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.
12 min read
Month-End Close Tips and Checklist: For Newbies to Experienced Closers
Would you say that your company did better last month than the one before? Do you have a plan for improving next month? To understand if they’re making progress with long-term goals, finance teams undergo regular month-end closes.
9 min read
IT Procurement: How to Purchase IT Products and Services Effectively
Discover how to establish a successful IT procurement process and make informed decisions when acquiring new hardware and software.
13 min read
Track the Supply Chain Metrics that Really Matter
Would you say that you have a good understanding of your company’s supply chain strengths and weaknesses? How spot-on are your plans and estimates for the supply chain cycle?
