The best way to reduce headcount in accounts payable is to provide an easier way for business buyers (especially departmental and project managers) to capture their purchase requisitions and [...]
When setting-up new vendors, require them to provide the necessary proof of coverage or valid certificates. This information is most effectively supplied by through an online portal. The portal [...]
The best solution is to avoid manual entry by in-house staff. Have the supplier enter their details and provide supporting banking documentation. Route these details and supporting documents for [...]
Vendor invoices are blocked for payment for a number of reasons, and the resolution will vary as outlined below: If the invoice is blocked due to no receipt having [...]
Spend under management refers to the volume and value of procurement based on pre-negotiated supply contracts where rates are preferential or incorporate rebate agreements. The main way to achieve [...]
More invoices will have purchase order numbers assigned if the purchase orders are created sooner and provided to vendors prior to work being undertaken. Delays in vendor setup and [...]