What Does “Big Data” Mean for the CFO?
The realm of “visibility” is a complicated one for many enterprises as they attempt to drive a full picture of various aspects of their respective organizations. The pressure of business…
An Early Payment Discount Example to Sink Your Teeth Into
Enterprises around the world want to maximize working capital for a variety of reasons, not least of which includes freeing up cash from operations in order to hire new employees,…
Where Can Travel and Expense Go? (Part II)
On Monday, we published the first article in this brief, two part series exploring the value proposition of travel and expense management. Click here to check it out. To recap, we discussed that:…
Where Can Travel and Expense Management Go? (Part I)
It was sometime in mid-2009 that I first heard the following phrase: “We’re looking at travel and expense as being more strategic here internally.” It was uttered by a CFO at…
An Intro to Marketing and Print Spend Management
There are many reasons why “complex spend management” (sometimes called complex category management or services procurement) has been the focus of my professional career and why Payables Place (and sister-site…
Five Important Advantages of Purchasing Cards
Purchasing cards (“p-cards”) have been around long enough to become a ubiquitous facet of a majority of enterprises. Generally strong when it comes to high-volume, low-dollar-value transactions and also utilized…
What is a Purchasing Card?
No matter the size of the enterprise, the accounts payable team tends to be deluged with paper. Mostly in the form of invoices and/or paper checks sent to suppliers. In…
6 Steps to Effective Supplier Onboarding with Virtual Payment Cards
Technology implementations are never easy. There could be unforeseen integration issues with back-end systems or perhaps more customization is required than originally thought. In the P2P world, one of the…
Why Haven’t ePayments Completely Replaced Paper Checks?
Electronic payments offer many advantages over paying with paper check. Ardent Partners research has shown that, no matter the payment method (i.e., ACH, wire, card, networks, etc.), ePayments cost up…
The Compliance Management Checklist, Part V: Amendment Best Practices
Welcome to the final article in a five-part series that will focus on how procurement, finance, and other professionals effectively build a “compliance management” checklist that addresses multiple avenues of…