Author: Procurify

Accounts Payable Errors Are Common Despite every safeguard and precaution, everyone makes accounting mistakes. Fortunately, there are many ways to cut down on errors, … 5 Easy Ways to Reduce Accounts Payable Errors

Cyber Security in SMEs While most companies are slowly becoming aware of the need for cyber security, this is typically viewed as an ‘in … Cyber Security in SMEs a potential hurdle for procurement

Adopting Strategic Procurement Principles The budget announcement of the National Living Wage will see workers aged over 25 in the UK paid a minimum … Adopting strategic procurement principles to fund a living wage

Reversing entries exist to ensure you don’t have duplicate entries for your expense and revenue transactions, which are the greatest indicators of your business’ … 5 Things to Know About Reversing Entries

One of the best ways for personnel in accounts payable to verify a payment is with a three-way matching (3-way matching) system. Three-way refers … What is Three Way Matching and Why is it Important for Your Accounts Payable Team?

Purchase orders are very much like clothing: one size does not fit all. But whether a company is a small startup, a mid-size enterprise … How Purchase Orders Work for Companies of All Sizes

Think of your budget as a flight plan for your company. A properly completed budget will go a long way towards ensuring a smooth … Worst Case Scenario: What Happens When Your Budgeting Goes Wrong?

Often the unsung hero of your business, a good operations manager can have a huge effect on your company when it comes reducing costs … Budgeting lessons: 5 Things to Learn from Operations Managers

Everyone knows that there’s no such thing as a normal nine-to-five shift. Regardless of how your day is mapped, chances are that something is … Simplify Your Business in 6 Steps

Organizations with a lean-and-mean approach to business realize that cutting down on internal waste is almost as important as cultivating a healthy revenue stream. … 6 Ways to Streamline and Reduce Waste

In simpler times, all a company had to do was ensure its revenue streams were consistent and success would follow. But with the economy … 9 Common Causes of Workplace Waste

Despite their abilities to lead, communicate, and delegate, even the most successful managers in the world can benefit from incorporating new tools and technologies … 10 Tools Highly Effective Managers Use