They say that time is money, and we will certainly not be the ones to deny this statement. More than because we believe in it wholeheartedly, because we are fully aware of its importance as a resource for any company. In fact, it is not for nothing that we...
The Digital Transformation should no longer be an option for 21st century companies, it should be a reality. However, the transformation is not only achieved by having the best technology, but also implies a change that promotes new ways...
Processing A/P invoices, from receipt to posting and availability for payment, is undoubtedly the process that incurs the most costs in the financial area. In particular, due to the high exposure to manual work of the activities...
This article is the third in a series of three, in which under the title "Getting the Most out of the Accounts Payable Department", we discuss basic concepts that influence the productivity of Accounts Payable departments: In the first article in the series...
A recent CFO.com "Metric of the Month" shows us the damage that late payments can create in the relationship between buyer and seller. In this post we will analyze, based on contrasting metrics, the three essential accounts payable indicators....
If you ask finance executives what they think about AP (accounts payable, vendor accounting), chances are we'll all give a similar answer: AP is the cost of doing business. However, there are finance executives with an attitude...
The Accounts Payable department receives invoices in every conceivable form and format. In this article we analyze multi-page invoices that require individualized and detailed treatment of the information they contain. The...
When a company starts to grow and increase its turnover, special attention is given to adapt the production and customer service part to this increase in demand. But often not enough attention is paid to the evolution of the...
It is one of the best kept secrets, and especially in the range of luxury products or in the hotel and catering industry. One of the essential ingredients for achieving excellence and being able to set prices more freely, is the company's supplier chart. The...