Practical tips for procurement and finance
Managing nonprofit purchases is hard enough. But when you’re juggling multiple grant budgets and strict compliance requirements? Most nonprofits waste hours tracking expenses, risking grant violations, and struggling to match purchases with the right funding sources. Your team scrambles to figure out which grant can cover which expense. Donors demand detailed spending reports, but your… Continue reading How To Implement A Purchasing System For Nonprofit Organizations
Managing nonprofit purchases is hard enough. But when you’re juggling multiple grant budgets and strict compliance requirements? Most nonprofits waste hours tracking expenses, risking grant violations, and struggling to match purchases with the right funding sources. Your team scrambles to figure out which grant can cover which expense. Donors demand detailed spending reports, but your… Continue reading How To Implement A Purchasing System For Nonprofit Organizations
If you’re a lab manager or finance leader at a life sciences company, you know the challenges of managing purchase orders without a streamlined system. Juggling POs across multiple tools—or worse, spreadsheets—can feel chaotic and unproductive. A tailored PO system for life science companies can eliminate the frustration, allowing scientists to focus on groundbreaking research… Continue reading PO System For Life Sciences Companies
Traditional AP processes are slow, error-prone, and costly for many businesses. Tracking, processing, and filing paper invoices can consume valuable time and resources, leaving AP teams struggling to keep up. With paperless accounts payable, you can improve the efficiency of your Accounts payable team and cut your processing time by more than 50%. With accounts… Continue reading Paperless Accounts Payable: Your Answer to Missing Invoice Headaches
Cash flow represents the amount of money coming into your company and the amount of money going out. It’s extremely important for small businesses. Cash inflow is the core of your company and comes from different sources – payments from customers, interest on savings or investments, receipt of a loan, monetary infusion from an investor,… Continue reading 5 Tips For Cutting Cost and Improving Profitability
For businesses for all sizes, employee benefits is one of the top spend category. Large companies can somewhat control and reduce employee benefits cost by leveraging the volume discounts but for small to medium business that is not an option. Also given the recent changes due to Affordable care Act(ACA), SMB’s benefits cost will further… Continue reading 10 Ways for SMB’s to reduce Employee benefits cost
There are many factors to consider if you want to calculate the true printing cost in your company’s office in order to know how to reduce it. The expense of using an office printer isn’t just the purchase price of the machine. Total Cost of Ownership depends on the price of an appropriate toner or… Continue reading 10 ways to Reduce Your Print Cost
Procurement and Accounts payable automation has many benefits including productivity improvement, process cost reduction, and so on. However, Like any other investment, companies need to justify the investments to the finance team for such an initiative. In this post, we will cover the key benefits of purchasing and invoicing automation and how to build your… Continue reading The Advantages of Automated Purchasing and Invoicing, Crafting a Compelling Business Case Procure-to-Pay [Template Included]
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