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Category: Blog

7 reasons why P2P Automation is really a no brainer

Are you still on the fence about getting a purchase to pay system? That’s understandable. There’s a lot of information out there, and it’s easy to get off in the weeds. Sometimes it helps just to take a step back and simplify things. Here are 7 reasons why purchase to pay automation is really a…
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3 steps for choosing the right credit management KPI’s

How are you making sure that your credit management function is always performing at its best? Key performance indicators (KPI) can help you gauge your performance. Credit management plays an important role in ensuring the stability and liquidity of any organisation, so it is vital to measure its performance through the use of the right…
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5 productivity tips for a (too) busy credit management team

Today’s working environments are busy places and it’s not unusual to feel like you have too much to do and not enough time. This is certainly true in credit management departments, and you’re certainly not alone if you’re stretched for time. The problem with an ever-increasing workload is that it can be extremely de-motivating and stressful.…
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4 tips for preventing Accounts Payable fraud

Many accounts payable professionals work diligently to implement fraud prevention controls in their invoicing processes. However, despite their best efforts, fraud is a more prevalent occurrence in many organisations than most employees realise.  Here are a few tips that you can use to identify and prevent fraud in your organisation. Tip 1: Monitor requests for…
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What to do with all that data?

These days, data is everywhere. It’s in our heads, on our computers and written down in notebooks and scraps of paper. Check under the sofa cushions. You’ll probably find some data there too – along with a handful of coins and the television remote. A lot of that data is important too. You’ve spent countless…
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5 ways to keep your cash flowing

Anyone who works in credit management will know that when it comes to getting some customers to pay on time – or at all – the struggle is very real. Is it really so hard to pay on time? The reasons for those late or failed payments can vary from genuine oversights through to delay…
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Invoice processing best practices: replacing paper processes with accounts payable automation

  In this blog, I’ll review the characteristics of the Efficient Company. We call companies that are just starting out on their journey to true financial agility ‘Efficient’ companies. The Efficient Company is focused on replacing paper processes with invoice automation. As paper invoices convert to e-invoices, they become a rich source of information about…
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Why Excel is not credit management software

Many businesses and organisations use Excel for their credit management function. While Excel is a versatile and powerful tool for certain tasks, using it beyond its intended purpose comes with risks – so if you want to get the most out of your credit management practice, it may not be the best choice. Let’s look…
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Basware makes PDF e-invoicing easier: new capabilities add efficiency benefits for businesses of any size

Basware has announced new capabilities for Basware PDF e-Invoice, enabling both small and large enterprises to speed up and simplify e-invoice processing. By connecting to the Basware Network, the largest open commerce and financing network, automation is increased and supplier collaboration improved. The new functionality means businesses of all sizes are able to easily submit…
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Did Your Purchase to Pay Project Simply Automate Existing Processes?

Budgets within Purchasing and Accounts Payable functions are tight. Senior Management does not usually decide to implement a new purchase to pay solution simply because there is some spare budget available. Normally, there is an underlying recognition and acceptance that something needs to be done differently. The reasons for this can be many, with both…
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