Managing company finances wasn’t easy back in the day. The first mechanical cash register was invented by James Ritty in 1879, which lead to … The National Cash Register Company and Managing Company Finances
Procurement, purchasing, supply chain management — these job descriptions aren’t considered the most coveted roles in most corporations. So it isn’t surprising that job … Procurement & Supply Chain Pros Can Become CEOs, According to These 5 CPOs
One of the best ways for personnel in accounts payable to verify a payment is with a three-way matching (3-way matching) system. Three-way refers … What is Three Way Matching and Why is it Important for Your Accounts Payable Team?
Think of your budget as a flight plan for your company. A properly completed budget will go a long way towards ensuring a smooth … Worst Case Scenario: What Happens When Your Budgeting Goes Wrong?
Often the unsung hero of your business, a good operations manager can have a huge effect on your company when it comes reducing costs … Budgeting lessons: 5 Things to Learn from Operations Managers
In simpler times, all a company had to do was ensure its revenue streams were consistent and success would follow. But with the economy … 9 Common Causes of Workplace Waste
Despite their abilities to lead, communicate, and delegate, even the most successful managers in the world can benefit from incorporating new tools and technologies … 10 Tools Highly Effective Managers Use
Ferocious competition. Ever-evolving marketplace. Uncertainty. Sound familiar? It should – in a nutshell, that’s the contemporary business world. Survival is tough, without a doubt, … All You Need to Know About Budgeting and Forecasting
How often do you observe and measure your firms supporting activities. Supporting activities mean everything on the side, that helps run your business but … Supporting activities and Procurement: How to improve profit margins
The first time match rate As we discussed in our previous post, first time match rate (FTM) is an essential Key Performance Indicator (KPI) … Why Increasing Your First Time Match Rate Is Critical to Reducing Costs