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Organizations have a lot riding on the efficiency and effectiveness of their procure-to-pay processes.
Disruptions to an organization’s ability to purchase or pay for materials, goods and
… Read MoreTraditionally, procurement & finance teams have relied on their ERP systems to deliver a smooth & transparent transactional process. With businesses expanding, increased supply chain
… Read MoreFrom start to finish, paying suppliers is still manual and paper-intensive process for most businesses, especially those with many banking accounts and distributed ERP applications.
The
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A shared concern for both Finance and Procurement is managing cost and increasing savings captured. Though both departments are striving to achieve this common goal, they
… Read MoreVolatile and rising commodity, supply chain, and energy costs constitute a major risk of doing business in today’s economy. Since procured costs typically constitute between 25 percent and 60
… Read MoreThis template provides an example of an AP Purchasing Policy. Microsoft Word
… Read MoreThis template is an example of a purchase order policy. Microsoft Word
… Read MoreBy Pam Miller, APMD Looking for more effective and more efficient ways to get the job done? Take a look at these AP “tricks of the trade” that have been successfully used in AP departments just
… Read MoreIOFM contacted Schmidt to ask her to share her secrets about her successful AP operation and her AP best practices. What follows is Schmidt's description of her success with a recent implementation
… Read MoreWhat are you waiting for?