Automation

The 3-Step Action Plan for Transforming Your P2P Department into a Growth-Generating Machine in 2020

Growth is the watchword for businesses in 2020. Revenue growth. Profit growth. Market share growth. After years of concentrating their efforts internally on cost cutting,

How to Optimize Payments for Growth in 2020

Processing invoices and paying vendors can often be the most cumbersome and arduous function of any finance department in the middle-market. In recent years, growing companies have begun to leverage

Making a Business Case for Automation – Part Four

Refining the Business Case Now we come to the heart of the matter—the business case itself. Although there are many acceptable formats, in its simplest form, a business case for a project requiring… Read More

Making a Business Case for Automation – Part One

Why You Need a Business Case As an AP manager, you fully understand all the advantages your company stands to gain by automating its AP processes. And you are no doubt aware of the dozens of success… Read More

Making a Business Case for Automation – Part Two

Thinking Like a CFO Of course, every CFO is different. But translating AP benefits into CFO benefits begins with an understanding the three things every CFO wants: 1. Increased Profitability The… Read More

Making a Business Case for Automation – Part Three

Preparing the Business Case Let’s talk about the actual process of building the business case. The first phase of business case building, preparation, is a three-step process. Step 1: Determine… Read More

Cost-Benefit Analysis: The Basics

When making a case for a change that involves expenditure of the organization’s money, it’s a good idea to first craft a cost-benefit analysis (CBA). Simply put, a CBA weighs the benefits of such… Read More

Avoid the Wrong Choice: RFP Scorecard

Shrewd shoppers understand the importance of not buying from the first store you visit. It's important to shop around for the best value. There are few things worse than an acute case of buyer's… Read More

RFP Scorecard

This template provides a worksheet to accumulate vendor RFP data and rank results. Microsoft Excel

RF-What? The Difference Between an RFI, RFP and RFQ

Whether you’re asked to participate in information gathering prior to your organization purchasing a vendor solution for process improvement, or you’re the person spearheading that effort,… Read More