What is a Functionality Gap? Business process functionality gaps are the discrepancy between the desired or ideal capabilities of a business process and its current performance. They occur when a process fails to meet the needs or expectations of the organization, and...
What is Vendor Self-Service? Vendor self-service is a business tool that applies to almost every phase of the procure-to-pay cycle by using portals. Vendor portals allow your vendors 24/7 access to information from anywhere in the world. Not only can your vendors...
When economic times are tough, companies focus on ways to cut costs and become more efficient in their operations. One area where most companies will look first is back-office operations. This blog post will discuss some back-office solutions to reduce expenses. In...
While the cloud offers numerous benefits like scalability, cost-efficiency, and accessibility, there’s a common misconception that migrating to the cloud might compromise functionality. However, this is far from the truth. With the right approach and technology,...
Due to its dynamic nature, the financial back-office in the food industry is full of complexities. Pricing, costs, allowances, rebates, deductions, and other information constantly need to be up-to-date and accurate, even though some of this information can change...
