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Procurement Costs and How Businesses Can Reduce Them

Planergy Software

Procurement is the act of buying raw materials, goods, and services for a business, as guided by formalized procedures, internal controls, and processes related to not just finance, but inventory management, supply chain management, and supplier relationship management as well. Improving inventory management.

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How To Use Activity Ratio Analysis To Understand Business Efficiency

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Financial Ratios Governance Risk Management & Compliance (GRC). We’ve picked out seven of the most commonly used ratios; explaining what each ratio is used for, the formula for calculating the ratio, and what the results mean.

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CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. In the past, the CFO served largely as a finance chief. For chief financial officers (CFOs), this need is even more urgent.

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Business process management (BPM) examples

IBM Services

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Also, BPM provides real-time insights into compliance metrics and risk exposure, enabling proactive risk management and regulatory reporting.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

This led to a series of successful animated films under the joint banner, such as “Up,” “WALL-E,” and “Inside Out.” While these investments can lead to long-term benefits, they can also strain a company’s financial resources and require careful planning and risk management.

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Spend Management Strategy: How To Improve Your Strategic Spend Management Plan

Planergy Software

It is about controlling and making improvements to the way your organization spends money and isn’t just about managing accounts payable. It includes managing supplier relationships, inventory management, category management, and more. Step 1: Identify Sources of Expenses.