7 Ways to Reduce Errors in Accounts Payable (AP)

Let’s say you receive invoices from three different vendors. Your problem? Your purchase order system has no record of the purchases. Which means you have no idea if you should pay them. If you work in accounts payable, you probably know the pain of this situation. It’s a common time waster in accounting and purchasingContinue reading>

What is the Procurement Management Process?

A professional procurement process can be incredibly beneficial if you’re looking to streamline purchasing. It can ensure that you pay the best price for goods or services, save time by choosing the most reputable vendors, and minimize order delays and mistakes. Let it be known that there is no one-size-fits-all procurement process. Some organizations requireContinue reading>

Difference Between a Purchase Requisition & Purchase Order

Our goal with this post is to explain the basics about purchase requisitions vs. purchase orders, and share some tips on optimizing the purchase requisition process for those who specialize in finance or procurement. Before we dig into the details, it’s important to define the important role that procurement and purchasing functions play within businessesContinue reading>

What is Software as a Service (SaaS)?

The purpose of this post is to answer a question we get all the time – what is SaaS? We’ll define the meaning of SaaS and describe how it differs from on-premise solutions (also known as on-site), explain the key benefits, share some examples of leading SaaS companies for illustration, and explore some recent trends.Continue reading>