Actionable Tips for Elevating Procurement Role

Practical tips for procurement and finance

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CRO Invoice Management: A Biotech Finance Playbook

CRO Invoice Management: A Biotech Finance Playbook Learn more arrow icon

It’s day three of month-end close when it happens – a six-figure milestone invoice from your primary CRO(Contract Research Organization) lands unexpectedly in the AP inbox. Your carefully calculated cash-burn forecast just changed—again. For biotech finance leaders, this scenario is all too familiar, turning what should be a routine close into a scramble for documentation… Continue reading CRO Invoice Management: A Biotech Finance Playbook

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CRO Invoice Management: A Biotech Finance Playbook

CRO Invoice Management: A Biotech Finance PlaybookLearn more arrow icon

It’s day three of month-end close when it happens – a six-figure milestone invoice from your primary CRO(Contract Research Organization) lands unexpectedly in the AP inbox. Your carefully calculated cash-burn forecast just changed—again. For biotech finance leaders, this scenario is all too familiar, turning what should be a routine close into a scramble for documentation… Continue reading CRO Invoice Management: A Biotech Finance Playbook

Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management

Biotech Procurement Automation: 7 Ways to Streamline Lab Supply ManagementLearn more arrow icon

Are your lab managers constantly complaining about critical research delays because supplies didn’t arrive on time? As a biotech CFO or controller, you’ve likely witnessed how a single missing reagent can derail weeks of research, costing thousands in lost productivity and pushing back critical milestones. For growing biotech companies scaling from 50 to 250 employees,… Continue reading Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management

Biotech Procurement Compliance: How to Build Audit-Ready Processes Without Slowing Down Research

Biotech Procurement Compliance: How to Build Audit-Ready Processes Without Slowing Down ResearchLearn more arrow icon

Biotech CFOs and procurement managers are losing sleep over the same nightmare: a compliance audit that uncovers serious procurement violations leading to costly penalties, compromised research integrity, or worse, patient safety issues. While your scientists focus on groundbreaking breakthroughs, your procurement team or lab managers are quietly battling a complex web of regulatory requirements that… Continue reading Biotech Procurement Compliance: How to Build Audit-Ready Processes Without Slowing Down Research

Purchase order policy for nonprofit

Purchase order policy for nonprofit Learn more icon

Bonus:Purchase order policy template If you are a Finance Director for a non-profit and looking to set up a  purchase order policy, this is the strategy for you. This article will cover the key elements you need in a purchasing policy. But before we get started, click on the link below to download the purchase… Continue reading Purchase order policy for nonprofit

Purchase Order System – 17 must-have features

Purchase Order System – 17 must-have features Learn more icon

Bonus: Purchase Order System Checklist When it comes to a Purchase order system and its features, it is a buyers market. Just do a quick search on Google for Purchase order software or see the listing on Capterra. You would see that there are hundreds of systems categorized under the purchasing system category. Each purchase order… Continue reading Purchase Order System – 17 must-have features

Can QuickBooks Automate Accounts Payable?

Can QuickBooks Automate Accounts Payable? Learn more icon

Wondering how you can automate the accounts payable process using QuickBooks Online or QuickBooks Enterprise? After helping 100’s of customers, I think we are qualified to answer this question. In this article, we will cover the core capabilities of QuickBooks and to what extent you can use those capabilities to automate the accounts payable process.… Continue reading Can QuickBooks Automate Accounts Payable?

Purchase Order Software QuickBooks – Options and Alternatives

Purchase Order Software QuickBooks – Options and Alternatives Learn more icon

Bonus Material: Purchase Order Software Checklist Struggling with implementing a purchase order process with QuickBooks and want to know your options? Is your team tired of manually creating purchase orders and tracking them in Spreadsheets? Then following this EXACT process and cut the time spent on purchase orders by more than 50%.   This is… Continue reading Purchase Order Software QuickBooks – Options and Alternatives

Does QuickBooks have a purchase order system?

Does QuickBooks have a purchase order system? Learn more icon

Yes, both QuickBooks Online and Enterprise have a purchase order system. Here is a sample purchase order created in QuickBooks Online: The challenge is that it is very limited in scope and most of the growing companies are unable to use the purchase order module effectively. The purchase order system is designed for small companies… Continue reading Does QuickBooks have a purchase order system?

Does QuickBooks online have an approval process?

Does QuickBooks online have an approval process? Learn more icon

Does QuickBooks online have an approval process? The short answer is No but with a qualification! QuickBooks online Advanced has recently introduced the concept of workflows that allows you to route documents for review before they are sent out. The workflow is only limited to customer invoices at this time: You can pick and choose… Continue reading Does QuickBooks online have an approval process?