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The Key Differences Between Direct And Indirect Procurement

The Key Differences Between Direct And Indirect Procurement

Submitted by • June 8, 2020

www.sutisoft.com - Direct procurement involves the purchasing of goods, materials, and services directly associated with the production of goods and services that a company is providing. Whereas, indirect spend refers to expenses incurred for materials, services, and maintenance required to operate the ...

How A Cloud-based Expense Management System Minimizes Reimbursement Time

How A Cloud-based Expense Management System Minimizes Reimbursement Time

Submitted by • June 1, 2020

www.theproche.com - An expense tracking system gives real-time validation applied on expenses based on the configured policy needs. Approvals take place when expense claims occur. It significantly minimizes the reimbursement times. Plus, immediate actions can be taken on policy violations on the ...

Why Your Business Needs A Good Procure-to-Pay Software

Why Your Business Needs A Good Procure-to-Pay Software

Submitted by • May 29, 2020

www.sutisoft.com - Moreover, a cloud-based P2P solution provides access, permissions, and encryption features to enable multiple levels of scope to approval-based team structures. Businesses can allocate specific authorities to a user for raising PO’s, define spending limits, and so much more.The solution ...

Effective Spend Management Starts With Procurement Software

Effective Spend Management Starts With Procurement Software

Submitted by • May 28, 2020

www.sutisoft.com - In any company, there are many types of instances for procuring goods and services. Some everyday expenses might include company rent, licenses, marketing, insurance, employee salaries and much more. Expenses can vary from business to business based on the nature ...

Best Practices To Automate An Accounts Payable Software

Best Practices To Automate An Accounts Payable Software

Submitted by • May 19, 2020

www.sutisoft.com - Workflow approvals should be a prioritized step every day. Just like with daily emails, a manager can deal with the electronic approvals that are presented in an inbox and can be quickly cleared off early, unlike the paper-based approval tasks ...

Scale Your Accounts Payable For Business Growth

Scale Your Accounts Payable For Business Growth

Submitted by • April 23, 2020

www.clickandinc.com - The availability of robust applications for managing AP tasks makes them simpler to complete with the new system without needing to depend on over-taxed IT resources. Once the cloud-based AP solution is up and running, the CFO has instant access ...

Mastering The End-to-End AP Process With Automation

Mastering The End-to-End AP Process With Automation

Submitted by • April 3, 2020

www.sutisoft.com - Businesses can address the key challenges by automating the AP processes. Automation offers key benefits that can cut down errors and manual work in managing the internal processes. Invoices can be captured digitally and stored in the ERP system – ...

Manual Three-Way Matching: Is It Killing Your Finance Department?

Manual Three-Way Matching: Is It Killing Your Finance Department?

Submitted by • February 4, 2020

www.allnetarticles.com - The method of gathering details about invoices, PO, getting reports, and three-way matching them is fragmented. In several cases, a purchase order is developed in a single platform, invoices are housed someplace else, and receiving notes in another place.A successful ...

How Procurement Software Helps You Improve The Invoice Approval Process

How Procurement Software Helps You Improve The Invoice Approval Process

Submitted by • January 23, 2020

www.sutisoft.com - Managing every invoice gathered from suppliers/vendors and entering the necessary details onto spreadsheets manually requires a lot of time and money. Managing every invoice gathered from suppliers/vendors and entering the necessary details onto spreadsheets manually requires a lot of time and ...