It is one of the best-kept secrets, especially in the luxury goods and hospitality sectors. One of the essential ingredients for achieving excellence and being able to set prices more freely is the company's supplier base. The...
In the business transformation currently taking place in the Spanish business world, with the disappearance of some medium-sized and large companies and the emergence of a multitude of new small businesses (many of them sole proprietorships), the picture of...
It is common for projects aimed at improving the accounts payable process to review the quality of the information contained in the supplier master file. There are various situations that often lead to such a review: a high number of...
It is important to want to improve AP efficiency, but first you need to observe and identify the relevant factors that influence the department's processes. There are three fundamental steps when putting AP processes under the microscope: Infographic...
In Accounts Payable, the traditional distinction between invoices with and without orders in relation to invoice types is evident both in the processing (different types of tasks) and in the accounting impact of invoice registration. Invoice types...
The company's Purchasing Management and AP departments have developed separately, even using different indicators that sometimes conflict with each other. In general, it seems that each one relates to a different part of the business. And that's something that...
Many of the paradigms of the business world are changing. Some already have, and it is only a matter of time before models that cling to obsolete and inefficient schemes become extinct. Leaders of change in Accounts Payable If, for a moment, we...
Accounts Payable professionals are no strangers to the sense of justice that prevails in ensuring that suppliers are paid on time according to the agreed or established terms. And even if company policy allows it, there is a certain satisfaction in...
Within the context of the technological revolution we are experiencing, and with the shakeout of companies brought about by the crisis, in which only the most competitive and evolved remain in line with the new business landscape, it is essential...
