Supplier invoicing is a critical part of any business’ operations, yet it often comes with its own set of challenges that can significantly impact efficiency and cash flow. In our recent poll, we asked businesses to identify the biggest challenge they face in their supplier invoicing process. Poll results In our most recent LinkedIn poll, […]
What’s Impacting Your Supplier Invoicing Process? Read More »
A purchase order (PO) form is a vital document in the accounts payable process. It serves as a formal request from a buyer to a supplier to deliver specific goods or services at agreed-upon prices and terms. Understanding the main elements of a purchase order form is crucial for efficient procurement and financial management. What
Essential Elements of a Purchase Order Form: What You Need to Know Read More »
Just-in-Time (JIT) delivery is a strategy that has gained widespread popularity among businesses looking to streamline their operations and minimise waste. By aligning production schedules closely with customer demand, JIT delivery enables companies to reduce inventory levels, cut costs, and improve efficiency. Poll results In our most recent LinkedIn poll, we asked our followers what
Just In Time Delivery: How It Can Benefit Your Business Read More »
Document control and document management are two terms that are often confused easily. Both have different purposes within a business – document management being a system in which documents are safely stored, archived, and controlled. Meanwhile, document control is more towards compliance and regulations where the security of documents is involved. Through proper and systematic
How Document Control Enhances Your Document Management Strategy Read More »
The accounting cycle is a systematic process that businesses use to record, classify, and summarise financial transactions. This cycle ensures that financial statements are accurate and complete, providing a clear picture of the company’s financial health. Here’s a breakdown of the key steps involved in the accounting cycle. What are the steps involved in the
Understanding the Accounting Cycle: A Simple Guide Read More »
Query management in accounts payable refers to the systematic handling of enquiries and disputes related to invoices, payments, and other financial transactions. These queries can come from suppliers, internal departments, or other stakeholders. They may involve issues such as payment discrepancies, missing invoices, or clarification on payment terms. In a modern accounts payable environment, query
Does query management play a role in your accounts payable solution? Read More »
