Finance and treasury departments are arming themselves with tools and processes to help monitor, conserve, and maximize cash returns in uncertain times. Accounts payable can also play a prominent role in the cash optimization process. After all, accounts payable is...
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 is because, as a portion of the company that isn’t forward-facing, it...
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,...
