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Chris Rauen

About Chris Rauen

Chris Rauen has been educating procurement and finance professionals on accounts payable automation and procure-to-pay transformation for more than 20 years. His articles have been featured in Treasury & Risk Management, Supply & Demand Chain Executive, Global Treasurer, Forbes ASAP, and more. He holds a B.A. in Economics from the University of California, Santa Barbara and a Professional Designation – Marketing from UCLA. Chris is the proud father of a film school graduate, an avid cyclist, and plays his blues harmonica whenever his Internet connection goes down.

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The Right Time to Fix Accounts Payable

Sep 9, 2022

When the economy slows, efficiency and cost control gain even more attention. And there’s no better business process to streamline than accounts payable.

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What is SWIFT?

SWIFT (Society for Worldwide Interbank Financial Telecommunications) is a global member-owned cooperative that functions as a huge messaging system.

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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  

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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 …

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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…

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