August 2017

Recovery Audit Obscure

What is a Profit Recovery Audit? A profit recovery audit firm will do a rigorous review of a company’s disbursements to find funds that may be due back to the enterprise because of duplicate payments, overpayments, or failure to take credits or other deductions. Each disbursement is examined against the supporting documentation to assure that the entire amount was valid and then, for a fee,...

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E-Invoicing Make Your Supplier Your New Best Friend

Faster and more efficient payments The eInvoicing process eliminates many process delays that are related to mailing, routing, and sorting of numerous paper documents. With eInvoicing, you and your trade partners can easily process invoices thanks to an opportunity to immediately exchange all necessary documentation electronically within the systems.  All invoices submitted electronically can be processed and paid on time, and more accurately.   Reduction of costs According to...

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Supply Chain Network

Supply Chain Network: What is it and why it’s important? What makes it be so important for logistics, supply, and business managers? In a nutshell, a supplier network allows us to look at the processes from a big picture. On the other side, it also provides us with a better understanding of materials and information flow. Very often organizations focus primarily on their internal...

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