tanks

Invoices with Wings – An Automated Approval Workflow System

Excerpt of case study: Before paying a vendor invoice, Accounts Payable (A/P) required an approval from the internal customer that had ordered the product or service. Large invoices also required additional executive sign-offs based on a dollar-value approval hierarchy. The A/P department, with a staff of 17 people, was responsible for securing the approvals before

Importance of Strategic Sourcing

APICS defines strategic sourcing as “a comprehensive approach for locating and sourcing key material suppliers, which often includes the business process of analyzing total-spend-for-material spend categories.”  A firm that possesses high competency in this area gives it a distinct advantage over the competition.  According to a recent study conducted by the Aberdeen Group1, Best-in-Class companies ranked their top