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Procurement
Traditionally, procurement & finance teams have relied on their ERP systems to deliver a smooth & transparent transactional process. With businesses expanding, increased supply chain
… Read MoreAs technology and business requirements evolve, the Procure-to-Pay (P2P) cycle needs to be revisited from time to time by Purchasing and AP to ensure it is meeting both internal needs and the needs… Read More
From 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.
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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 MoreThe Purchasing Card (P-Card) is an effective tool to streamline the purchasing and payment process, particularly for low value transactions. According to Lynn Larson, founder and president of
… Read MoreWhat are you waiting for?
