2024

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, […]

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

In this article, we outline what Just-in-Time (JIT) delivery is and outline some key benefits for your business. What is Just-In-Time (JIT) delivery? 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

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

In this article, we outline just what an accounting cycle is, plus the 9 essential steps required to maintain accurate financial records. What is the accounting cycle? 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

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