What is ISO Certification?If you're a business owner, then you know that staying compliant with industry regulations is essential to keeping your business running smoothly. But did you know that there are standards and certifications that can help you go above and beyond compliance? ISO certification is one of the most popular and respected certification programs in the world. In this blog post, we will discuss the importance of having an ISO certification and how it can benefit your business.
What is ISO Certification?
4 Biggest Challenges for Implementing Intelligent AutomationIntelligent automation is a hot topic these days. Many organizations are looking to implement some form of intelligent automation in order to improve efficiency and reduce costs. However, doing so can be challenging.
4 Biggest Challenges for Implementing Intelligent Automation
5 Benefits of Budgeting for your BusinessA budget is one of the most important things that you can create for your business. It allows you to track your expenses and make sure that you are staying within your budget. Not only that, but it also helps to ensure that your business is profitable. Without a budget, it can be very easy to overspend and fall into debt. In this blog post, we will discuss the importance of creating a budget for your business and how it can help you achieve success!
5 Benefits of Budgeting for your Business
How Automation Can Make Life Easier for the Board of DirectorsThere is real potential for robots to be a part of the board of directors in the not too distant future. In fact, in 2014, a Japanese Investment Firm appointed a robot to their Board. The algorithm on the board was called "Vital". The question is, could automation make life easier for directors of the board?
How Automation Can Make Life Easier for the Board of Directors
What is a Purchase Order? When and Why you should use oneA purchase order (PO) is a document that businesses use to purchase goods and services from suppliers. The purchase order typically includes the number of items being ordered, as well as the price and delivery date. It is important to use a purchase order when ordering goods or services because it helps to protect both the buyer and seller in the event of a dispute. In this blog post, we will discuss when and why you should use a purchase order. We will also provide some tips on how to create a purchase order that meets your needs.
What is a Purchase Order? When and Why you should use one
How to Create a Budget for your BusinessCreating a budget for your business is one of the most important things you can do to ensure its success. A budget will help you track your expenses and make sure that you are not spending more than you can afford. It is also a great way to identify areas where you can save money and improve your profits. In this blog post, we will discuss some tips on how to create a budget for your business. We will also provide a free budget template that you can download and use!
How to Create a Budget for your Business
How to Identify Automation Opportunities for your BusinessThere is very little doubt that automation can have a major beneficial impact upon business processes in terms of the reduction of operational costs and efficiencies. There is the potential for automation to reduce the cost of a process by 30%+ when utilised correctly. However, it is possible to automate the wrong opportunities, and these can result in bad outcomes. When these automation attempts are made, it has the potential to leave a sour taste in the mouth, and lead management to avoid any further automation opportunities.
How to Identify Automation Opportunities for your Business
Is there a Difference between Intelligent Automation and RPA?To start this off with answering the question. Yes, there is a difference between Intelligent Automation (IA) and Robotic Process Automation (RPA). RPA is designed entirely to follow rules in order to automate workflows without any variation. If you complete a task exactly the same way every single day, this would be aided by RPA. However, Intelligent Automation is a little different. IA uses intelligent agents, or software that can work on its own to complete tasks. These intelligent agents are powered by Artificial Intelligence (AI). This means that they can learn and improve over time, making them more efficient as they go.
Is there a Difference between Intelligent Automation and RPA?
Is Automation a Good Thing for your Business?Many people have the perception that automation could be bad for business. Those people generally can be segmented as individuals who simply do not understand it, and therefore avoid it. Or, people who are fearful of it. Generally, people are fearful because they feel as though their livelihood could be limited by the introduction of automation. These people have visions of robots taking over their role completely.
Is Automation a Good Thing for your Business?
An Insight into Automated Invoice ProcessingManaging the processing of invoices can quickly become a laborious task once a business has begun to scale over time. What can be a simple process involving a spreadsheet can quickly become impractical.
An Insight into Automated Invoice Processing
Why We Expect Automation to Grow in 2022The COVID-19 Pandemic has caused significant disruption to companies throughout the world. This in turn has caused business owners to look to solutions that can help their businesses during these times. Automation as a solution has become a clear winner in recent times.
We expect organizations to continue their push towards a more digital focussed business model, which will take advantage of automated operations.
Why We Expect Automation to Grow in 2022
What is Purchase Order AutomationPurchase Order Automation (POA) is the process of utilizing software or a coding language to create efficiencies within the purchase order process through automation. This means that the purchase order process can action aspects such as automatically sending purchase requisitions to the correct staff member for approval. The process can then monitor the state of approval, and once approved, can automatically send the purchase order documentation to the vendor. This can significantly streamline the process, and eliminate the need for a potentially slow and monotonous traditional paper purchase order setup.
What is Purchase Order Automation
The Importance of Tracking DeliveriesThe customer service provided from point of purchase to delivery is essential for many customers in this day and age. Whether they’re buying from online stores or social media platforms. The expectations of consumers are becoming higher and higher. It could be argued that due to the benchmark of many being Amazon Prime’s next day or sometimes even same-day delivery, it has become even harder for many businesses to be on the same level.
To live up to this standard of expectation, there needs to be effective stock management and fulfillment process in place.
The Importance of Tracking Deliveries
Using AP AutomationAccounts Payable Automation (otherwise known as AP Automation) is a process which provides companies with the ability to automate the processing of supplier invoices. This means that no human interaction is required during this digital workflow which would have normally been processed by an accounts staff member.
Using AP Automation
Critical Chart of Accounts Best PracticesAlthough some accounting gurus jump at the chance to improve their existing Chart of Accounts, others don’t even know how to start. Whether you’ve been down this road before or you’re a total novice, the task takes time, effort and intelligent planning. Here’s everything you need to know to engineer a chart of accounts that scales with your organization and helps you succeed.
Critical Chart of Accounts Best Practices
What is Account Based Selling and How It Can Help Your Sales TeamAccount based selling is nothing new. We practically saw it every week back when the series “Mad Men” ran. Remember how ‘cool’ it was for Don Draper to get personal and talk his way into big deals? That’s at the core of account based selling (ABS): it’s personal, focused and multi-touch. It can also lead to bigger revenues.
What is Account Based Selling and How It Can Help Your Sales Team
Saving Money and Preventing Fraud with 3-Way Matching
Five Benefits of Purchase OrdersIf you run a small business and want to improve your productivity, it’s time to consider the benefits of purchase orders. In the past, you had to put in a lot of time and effort to craft purchase orders, which turned a lot of people away from the concept. But with the latest advances in technology, you can use software to automatically generate and store purchase orders, saving you a lot of time and energy.
Five Benefits of Purchase Orders
Top 7 Things to Consider When Choosing a Cloud-based Purchase Order SolutionAs companies of all sizes have begun embracing cloud technology, the number of enterprise cloud-based services has grown exponentially. Such services provide an immense variety of options for IT control and support, which can make the cloud marketplace seem intimidating to newcomers. With new software and platforms popping up every day, how are business leaders to know if they are choosing a reliable cloud-based purchase order solution?
Top 7 Things to Consider When Choosing a Cloud-based Purchase Order Solution
Digital Purchase Order Integration with Intuit QuickBooksDigital Purchase Order (DPO) is pleased to announce the QuickBooks Purchase Order Integration with QuickBooks Online. The new integration enables our clients to save time and reduce repetitive data entry through a seamless process.
Digital Purchase Order Integration with Intuit QuickBooks
Five Benefits of Cloud AccountingThe Cloud is one of the most innovative breakthroughs in computing technology. By using remote servers, people can use Cloud computing to store and access data via the Internet. This has many applications for general file-sharing, but the Cloud is revolutionizing the practice of accounting. Cloud accounting offers many benefits to businesspersons and finance professionals who rely on the accuracy and timely updates.
Five Benefits of Cloud Accounting
Self Purchase Order FactsSelf Purchase Orders are generated when someone other than the responsible party for purchasing through a company creates a Purchase Order. This usually happens when an employee requires some sort of product for his or her own needs, and instead of going through the proper purchasing channels, they create their own Purchase Order. Most companies that allow their employees to create Self Purchase Orders require very little in the way of approval metrics. Generally, the immediate superior of an employee will be able to issue approval for a Self Purchase Order. After the employee is given approval, the employee personally shops for a vendor and creates their own Self Purchase Order that bypasses the procurement office of the company.
Self Purchase Order Facts
6 Ways Spend Management Improves SuccessSpend management has become a successful best practice as it helps to control and optimize the way money is managed across an organization. It provides a wide array of benefits to organizations that purchase. It encompasses all aspects of a purchasing lifecycle, from obtaining goods to selecting suppliers to setting up contracts and even paying the various suppliers. Buyers procure through a holistic approach, becoming more competitive in the process.
6 Ways Spend Management Improves Success
Budget Control BasicsProject managers or other executives in charge of project management for a business or company must also prioritize project elements to fall within a predetermined budget. Budget control is often at the top of the priority list for any project. If your project spins wildly out of control and bounces out of budget boundaries, which is not uncommon with outstanding project ideas, it will likely fall into the pitfalls of incredible plans that simply didn’t fit the bill. Successfully deliver a dynamic project plan that stays within the lines with every proposal you organize. These planning strategies will help you control your budget and present a winning plan every time.
Budget Control Basics
How Blockchain Technology Has Revolutionized Global Supply ChainsToday, supply-chain transparency is more important than ever. Blockchain technology is at the forefront of today’s global trading industry. This cloud-based documentation system promises to untangle complex supply chains and provide an unprecedented level of transparency. Experts believe that it could become the new gold standard for business-to-business transactions.
How Blockchain Technology Has Revolutionized Global Supply Chains