When the economy slows, efficiency and cost control gain even more attention. And there’s no better business process to streamline than accounts payable.
About Chris Rauen
What is SWIFT?
SWIFT (Society for Worldwide Interbank Financial Telecommunications) is a global member-owned cooperative that functions as a huge messaging system.
Procurement Software
Procurement software automates a broad range of activities relating to business purchasing. An umbrella term often used to address the scope of coverage is spen…
Real Time Payments
With real time payments, the payee’s account is credited immediately, and the payer is instantly notified about the status. With a paper check, however, a pay…
Month End Close Process
Closing the books each month can be a tedious process, but it is vital to ensuring the financial health of your company. The month-end close can help you identi…
Procurement Strategy
A procurement strategy is the blueprint for implementing a procurement process. It considers everything from building a supply chain, the systems for initiating…
Net 30
Net 30 is a common payment term for businesses selling to other businesses. It means you are giving your customers and clients 30 days, including weekends and h…
Working Capital
Many organizations struggle to grow their business. Why? Often, they can’t generate enough cash from their operating cycle. This forces them to take on debt s…
Sourcing Vs Procurement
Sourcing and procurement are complementary business processes that offer compelling value to any business with multiple product lines or growing sales. To real…
CFDI
CFDI, is an electronic invoice format mandated in Mexico and also used in certain Latin American countries. It serves as a digital tax receipt that provides all…
Foreign Exchange Risk
There are three main types of foreign exchange risk, also known as foreign exchange exposure: transaction risk, translation risk, and economic risk. A fourth  
Invoice Factoring
Invoice factoring is a financing option where you sell some or all of your outstanding invoices, or accounts receivable, to a third-party to improve your cash …
Accounts Payable vs Notes Payable
Assessing accounts payable vs. notes payable isn’t an apples-to-apples comparison. Accounts payable is much more complex, involving many linked tasks and rela…
