5 Steps to creating Supplier Diversity Programs. Supplier diversity programs offer quite a few benefits to companies beginning with better innovation capacity and reaching all the way to cost efficiency. Major league corporate players are already investing into their internal supplier diversity programs. However, becoming a part of the promising supplier diversity wave is much easier said than done....
Read More
Statement Audits – The Untapped Potential for Your Business. Statement auditing isn’t a new concept. It has been a part of the audit industry for quite some time. However, its traditional and manual processing nature limited wider use and true potential. Thanks to the unparalleled development of technology and fully automatized processes over the last decade, we’ve been given a unique chance of rediscovering and...
Read More
Supplier diversity programs are fast becoming a necessity in Enterprise businesses. It almost comes without saying that if you want to ensure competitiveness and a high-level of adaptability to the changing circumstances within all demanding markets, each and any business entity regardless of its shape or size is required to invest in new ways to improve their supplier diversity capabilities and capacities....
Read More
Know Your Vendor overview and best practices Modern businesses face quite a few risks associated with an overwhelming number of financial transactions, where every single one of them presents a potential risk. So, what’s the best way to identify suspicious transactions on time, when you have to deal with the large number on a daily basis?...
Read More
Cloud-Based Vendor Portals pricing models explored. With the development of the modern IT industry, people have a plethora of options when they search for software solutions for their businesses. Unlike a few years ago, you do not need to stick to licensed software; but can think of Software as a Service (AKA SaaS) in the industry....
Read More
ERP upgrades can be an expensive, challenging and inflexible. One System to manage all Enterprise Resource Planning has been an intriguing concept the world over. Just the whisper of ERP upgrades grabs the attention of both IT and finance executives everywhere....
Read More
Authority Levels in Accounts Payable Systems One of the most important controls to be established in an accounts payable system is authority levels, or “who is authorized to do what” within the system. When we discuss accounts payable systems, we need to discuss all the systems that lead to the ultimate job function of accounts payable, that is, disbursing funds....
Read More
Experts advise that you make an eInvoicing checklist of steps before you deploy any new purchasing system. Implementing an eInvoicing system can be quite a complex and demanding process....
Read More
SaaS Subscription software is a highly in-demand product delivery model. There are a plethora of choices when it comes to this particular type of software making it somewhat challenging for individuals to decide which one to choose....
Read More
Good Internal Controls – The Core of Supplier Onboarding. Both in the Accounts Payable and Procurements departments will usually result from good controls throughout the organization....
Read More