Planergy Software

JULY 18, 2023

How AP can improve relationships with your key suppliers. If your working capital isn’t where it should be, there are steps you can take to improve it. Assets are items a company owns that can be sold or converted into cash quickly; these include inventory, accounts receivable, and short-term investments. treasury bills, etc.

Finance 52

Finance Insurance Accounting Inventory Management 52

Planergy Software

FEBRUARY 21, 2022

How AP can improve relationships with your key suppliers. How Accounts Payable Benchmarking Can Improve Efficiency. Benchmarking Invoice Processing KPIs. These improvements can have a ripple effect on other processes too. How to capture early payment discounts and avoid late payment penalties.

Accounting 52

Accounting Efficiency Operational Costs Automation 52

Planergy Software

MAY 26, 2023

How AP can improve relationships with your key suppliers. Download Free Copy Invoice Cycle Time: What Is It and How To Improve It Written by Mary Girsch-Bock 16 min read AP Automation Benchmarking KPIs Download PDF IN THIS ARTICLE What Is Invoice Cycle Time? What Are the Challenges With Invoice Processing?

Data Entry 52

Data Entry Accounting Automation Finance 52

Planergy Software

MAY 25, 2023

How AP can improve relationships with your key suppliers. Along with managing accounts payable, proper spend management should include finding the right vendors and suppliers, negotiating payment terms and discounts, setting spending limits, managing the full procure-to-pay process, and automating invoice processing with AP automation.

Management 52

Management Automation Accounting Finance 52

Planergy Software

JUNE 21, 2022

How AP can improve relationships with your key suppliers. Net Income Decrease The cash flow statement (CFS) is a financial statement that provides a summary of how your business has moved its cash and cash equivalents (CCE) over an accounting period. Days payable outstanding measures how quickly your business pays your suppliers.

Sales 52

Sales Finance Accounting Risk Management 52

AS White Global

OCTOBER 6, 2022

Their fears were dispelled when they went through the discovery process with offshore service provider AS White Global. Whether it’s a start-up firm or a more established organisation, offshoring can support your company’s plans of rapid growth and improve efficiencies in business operations. Will our data be kept safe?

Offshoring 64

Offshoring Accounting Out-Tasking Payroll 64

Metasource

SEPTEMBER 15, 2022

In fact, a McKinsey study found that 80% of companies that transitioned most of their employees to a remote work model due to COVID-19 increased automation. What is Business Process Automation? BPA solutions typically consist of document capture , workflow automation , and robotic process automation (RPA) software. Mailroom.

Automation 52

Automation Robotics Process Automation Reduced Costs Human Resources 52

Planergy Software

SEPTEMBER 5, 2023

Download Free Copy Budgeting Process: Steps and Best Practices for Planning a Budget Written by Keith Murphy 18 min read Best Practices & Tips Budget Management Process & Procedures Download PDF KEY TAKEAWAYS Budgeting is crucial to ensure your business has enough money to remain operational and earn profit.

Finance 92

Finance Software Accounting Management 92

Planergy Software

FEBRUARY 2, 2022

How AP can improve relationships with your key suppliers. Accounts payable turnover ratio The accounts payable turnover ratio provides a good look at how quickly your company can pay off its debts by looking at the number of days between vendor and supplier purchases and when payment is made. King Ocean.

Efficiency 52

Efficiency Sales Accounting Finance 52

Planergy Software

OCTOBER 26, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Ability to Identify Inefficiencies Knowing your DIO helps to identify inefficiencies in your manufacturing process, so improvements can be made.

Inventory Management 52

Inventory Management Sales Manufacturing Finance 52

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Implementing a successful corporate travel program can significantly improve employee satisfaction, drive cost savings, and enhance overall business performance.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

NOVEMBER 10, 2022

How AP can improve relationships with your key suppliers. Working capital is a concept used in accounting to define the funds available to a business to grow, expand, and pay for daily expenses and short-term debts. For example, let’s say Company XYZ has $100,000 in inventory, $50,000 in receivables, and $75,000 in payables.

Management 52

Management Finance Inventory Management Accounting 52

Planergy Software

APRIL 19, 2022

How AP can improve relationships with your key suppliers. This process left upper management such as Chief Financial Officers (CFOs) in the dark regarding purchases, leaving them to simply pay the bills at month-end. King Ocean. Book a Live Demo. How to capture early payment discounts and avoid late payment penalties.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

MARCH 16, 2022

How AP can improve relationships with your key suppliers. Best Practices For Accrual Accounting. Accounting Financial Planning & Analysis (FP&A). Accounting Financial Planning & Analysis (FP&A). What is accrual accounting? The accruals process is based on two accounting principles.

Accounting 52

Accounting Payroll Finance Software 52

Planergy Software

SEPTEMBER 6, 2022

How AP can improve relationships with your key suppliers. But if businesses were held to that standard of accounting operation, we would still be writing journal entries in a big, bulky ledger book and tallying up ledger totals using an adding machine. The sooner communication improves with finance and accounting, the better.

Finance 52

Finance Robotics Process Automation Accounting Collaborations 52

Planergy Software

JUNE 14, 2022

How AP can improve relationships with your key suppliers. However, this may not always be the case, particularly in situations where accounts receivable balances are not collected timely. Both methods are acceptable under generally accepted accounting principles (GAAP). King Ocean. Book a Live Demo. Book a Live Demo.

Sales 52

Sales Finance Manufacturing Accounting 52

Planergy Software

DECEMBER 25, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Often accounting ratios and formulas are used to measure performance of finance KPIs over time. What's Planergy? That’s pretty much what it was like.

Finance 52

Finance Software Automation Analytics 52

Planergy Software

OCTOBER 17, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. It also contains detailed information about your credit accounts, payment history, and any public records such as bankruptcies or tax liens. What's Planergy?

Accounting 52

Accounting Finance Banking Strategic Sourcing 52

Planergy Software

AUGUST 18, 2023

How AP can improve relationships with your key suppliers. Office management refers to the administration of key processes related to running an office. The role of an office manager is to ensure that these processes are carried out efficiently to optimize productivity and improve overall office operations.

Management 52

Management Administrative Out-Tasking Finance 52

Planergy Software

AUGUST 18, 2023

How AP can improve relationships with your key suppliers. Office management refers to the administration of key processes related to running an office. The role of an office manager is to ensure that these processes are carried out efficiently to optimize productivity and improve overall office operations.

Management 52

Management Administrative Out-Tasking Finance 52

Planergy Software

JANUARY 6, 2022

How AP can improve relationships with your key suppliers. The formula to calculate the current ratio is Current Assets / Current Liabilities = Current Ratio Quick Ratio: The quick ratio is similar to the current ratio, except it only includes a business’ most liquid assets which include cash, marketable securities, and accounts receivable.

Management 52

Management Insurance Accounting Finance 52

Planergy Software

JANUARY 21, 2022

How AP can improve relationships with your key suppliers. Is Continuous Accounting The Future of Accounting? Accounting Technology & Software. Is Continuous Accounting the Future of Accounting? The accounting process was never designed for efficiency. What is continuous accounting?

Accounting 52

Accounting Finance Banking Manufacturing 52

Planergy Software

JULY 7, 2022

How AP can improve relationships with your key suppliers. Accounting Financial Ratios KPIs. In many cases, your accounting software application will calculate net income on your financial statements, but not always. This needs to include all current loans and notes payable. King Ocean. Book a Live Demo. Written by.

Management 52

Management Service Accounting Finance 52

Planergy Software

DECEMBER 8, 2022

How AP can improve relationships with your key suppliers. Forecasting is the process of estimating future demand for a product or service. It takes aggressive growth plans into account and also takes into account the competitive environment. It takes into account trends in the past and projects them into the future.

Right-Sizing 52

Right-Sizing Sales Finance Accounting 52

Planergy Software

MAY 5, 2022

Your procurement process however can help you get through the challenging times and give you a competitive advantage. An effective procurement process allows your business to choose the optimal selection of suppliers and align them to your overall business strategy and mission.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Taking your time throughout the process ensures you get the best possible match. What's Planergy? Vendor analysis is crucial for risk management.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

DECEMBER 22, 2022

How AP can improve relationships with your key suppliers. Governance: The governance pillar covers a company’s leadership, ethical practices, transparency, and accountability. But one common approach is to set targets for improvement in the three areas – environmental, social, and governance. King Ocean. Book a Live Demo.

Analytics 52

Analytics Government Right-Sizing Accounting 52

Planergy Software

JULY 27, 2023

Manual paper-based processes can work when you’re small but often become impractical. Manual paper-based processes can work when you’re small but often become impractical. Software can help automate and streamline your processes. Developing an expense reporting process for a company typically involves several steps.

Data Entry 52

Data Entry Finance Software Accounting 52

Planergy Software

JANUARY 21, 2022

How AP can improve relationships with your key suppliers. Profitability ratios are financial metrics used by business owners, accountants, investors, and creditors to evaluate the financial health of a business. In most cases, a higher ratio is a reliable indicator that a business is performing well. King Ocean.

Manufacturing 98

Manufacturing Retail Finance Accounting 98

Planergy Software

MARCH 27, 2023

How AP can improve relationships with your key suppliers. Download Free Copy Xero Features You Need To Know About Written by Rob Biedron 15 min read Accounting Technology & Software Xero Download PDF IN THIS ARTICLE What Is Xero? It has a user-friendly interface and is known in the accounting software industry for its ease of use.

Banking 52

Banking Finance Accounting Software 52

Planergy Software

JANUARY 19, 2023

This technique prioritizes which factors to address based on how much they affect the entire output or goal, making it easier to target the highest impact areas for improvement. This concept can be used to identify which products or services are driving the highest costs within an organization’s procurement process.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Magellan Solutions

AUGUST 6, 2021

In this article, we will discuss some unknown functions that SMEs can outsource to the business process outsourcing industry in the Philippines. Accounts Receivable Services. Accounts receivable services involve tasks about invoice and receipt processing, customer accounts reconciliation, and general cash collection processes.

BPO 52

BPO Service Call Center Accounting 52

Planergy Software

AUGUST 16, 2022

How AP can improve relationships with your key suppliers. Supplier Development: What It Is, And How To Manage It Supplier development is the process by which a company identifies and selects suppliers who can provide the products or services required to meet its specific needs. King Ocean. Book a Live Demo. Download PDF.

Management 52

Management Supply Chain Management Reduced Costs Finance 52

Planergy Software

AUGUST 25, 2022

How AP can improve relationships with your key suppliers. Digital Transformation in Finance As more businesses look to make the transition to digital transformation, CFOs know that the biggest impact will be seen in accounting and finance departments, with even small startups experiencing the benefits of going digital. King Ocean.

Finance 52

Finance Robotics Process Automation Out-Tasking Banking 52

Planergy Software

SEPTEMBER 8, 2022

How AP can improve relationships with your key suppliers. Supplier performance management (SPM) is the process of assessing supplier performance in order to identify areas where they need to improve. Do you need them to be available 24/7 in case of emergencies? 5 Steps in the SPM Process. King Ocean. Analyze Data.

Management 52

Management Finance Flexibility Software 52

Planergy Software

JUNE 30, 2022

How AP can improve relationships with your key suppliers. Accounting Financial Reporting Technology & Software. Working with companies like PLANERGY for easy requisition and ordering helps to modernize your financial processes while making your approval workflows and hierarchies more efficient as your business grows.

Management 52

Management Accounting Right-Sizing Inventory Management 52

SIG Speaks

NOVEMBER 4, 2022

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Jamie Huntington shares her thoughts on why Due Diligence is so essential in the third-party risk management process. Still, until recently, it's not been a formal process. What is due diligence?

Risk Management 40

Risk Management Risk Management Government Collaborations 40