In an increasingly digital and dispersed workforce, purchasing cards are primed to become more widely used, making a solid p-card program essential.
While companies rely on peer-to-peer (P2P) file-sharing networks to help employees do their jobs more efficiently, hackers prey on these networks as a means of lifting confidential info.
Chances are, you’ve seen a fair share of friction can exist between A/P and Purchasing in the Purchase-to-Pay (P2P) process.
File-sharing software can help to ensure finance staffers don’t duplicate their efforts … or it can leave you wide open to a costly rift in security.
An ongoing objective for your finance team is to find savings opportunities. And never before has that been so necessary.
At some time, issues with vendors or customers may escalate to the point where you need to claim a breach of contract. And as you know all too well, legal battles can be extremely costly.
There are few things more frustrating and stressful for your finance team than when a vendor won’t fork over its Form W-9.
What makes a Procure-to-Pay (P2P) process best-in-class? The answer to that question changes over time as the roles of P2P change, too.
No CFO wants to pay more than they have to – but turns out, the vast majority are doing just that.
To cut costs whenever and wherever possible, your finance staffers must be able to recognize purchases that qualify for sales and use tax exemptions. But that’s easier said than done.
CEOs are looking into the financial crystal ball … and to them, the near future looks a little bleak.
A recent scam proves why it’s critical for your company to track products and purchases – especially essential ones – during these hectic times.
Finance is likely all too familiar with business email compromise. But now, a variation of those scams – referred to as vendor email compromise (VEC) – is growing and putting your company money at risk.
In Finance, continuous improvement is always the goal. You’re constantly looking to streamline processes, maximize contract terms, increase discount capture and more.
Your master vendor file can help simultaneously boost compliance, monetary savings, payment accuracy and business relationships.
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