| Accounts Payable Without the Paper Chase
Supply chains break down when accounts payable winds up being mismanaged. The burden is tied to paper and human error, and AP automation software can help speed up the flow of funds between businesses, if the human touch points are reduced a bit. Machine learning and robotics can help smooth approvals as Dooapâs CEO Antti Kosunen tells PYMNTS.
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| Many SMEs Blind To Fleet Spend Technologies, Research Finds
The average U.K. SME operates a fleet of at least three vehicles. Nearly a third of those companies, though, rely on manual employee reimbursement policies to pay for fuel, says fleet card firm FuelGenie. The firm's latest analysis illuminates how SMEs are driving blind, unable to realize simple cost savings because they aren't integrating fleet technologies like virtual cards and IoT.
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| | Procure-to-Pay | | When Supplier Sourcing Strategy Goes Beyond Cheaper Prices
Itâs old news that procurement has gone through a digital transformation. What may come as a surprise, though, is that strategic sourcing is emerging as one of the most important parts of the procure-to-pay process, according to eSourcing president Stan Garber. He tells PYMNTS why a vendor sourcing strategy goes way beyond finding cheaper prices in the supply chain. Read More... |
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