Finance

Managing company finances wasn’t easy back in the day. The first mechanical cash register was invented by James Ritty in 1879, which lead to … The National Cash Register Company and Managing Company Finances

Procurement, purchasing, supply chain management — these job descriptions aren’t considered the most coveted roles in most corporations. So it isn’t surprising that job … Procurement & Supply Chain Pros Can Become CEOs, According to These 5 CPOs

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?

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

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

How often do you observe and measure your firms supporting activities. Supporting activities mean everything on the side, that helps run your business but … Supporting activities and Procurement: How to improve profit margins

The first time match rate As we discussed in our previous post, first time match rate (FTM) is an essential Key Performance Indicator (KPI) … Why Increasing Your First Time Match Rate Is Critical to Reducing Costs