One of the problems with operational procurement is that the rules are not being observed. For an employee it is often easier to buy outside the books, simply because it is thought to be faster. This decentralized way of purchasing is disadvantageous for the purchasing department. Agreements with supplier favorable discounts are difficult to comply with if employees purchase decentrally.
The accounting profession is as old as writing itself. It was only after we learned how to count that people started writing imaginative stories. Accounting is once again at the forefront of a revolution. This time it is automation, and, again, it is only the beginning.Read more
Imagine what it would be like to automatically convert your Excel file into an order that is then digitally approved and paid without any manual intervention once all the goods have arrived. That would probably save a lot of time. And that is why we build it.
Strategic spending increases an organization’s profitability and makes budgets last much longer. But how do you transform from no organized procure to pay process to a full-fledged money-saver?Read more
Every type of software now has an equivalent cloud-version that is often better in many ways. This includes financial software for invoice processing like WorkFlowWise GO-Spend. Cloud computing is one of those rare technologies that is truly disruptive.
Optical Character Recognition (OCR) is a popular method of digitizing printed invoices. It allows a computer to understand the contents on the invoice, so that it can be booked and archived quickly and easy. There are two flavors of OCR that differ in the degree of automation and responsibility. We call them OCR-on-Premise and OCR-as-a-Service.
Thirty-five percent of the jobs in the United Kingdom will disappear within 20 years as a side effect of robotization. With the rise of robotics it is expected that the job market will change significantly. Will the job administrative assistant still exist in 20 years? Or are the robots going to take over?
In short, robotic accounting ensures that invoices are posted to the accounting system without human intervention and without errors. Find out what’s possible and what steps your organization can take to become a true robotic accounting powerhouse.Read more
It hasn’t always been a vile word. It once was the perfect organizational structure, save from discrimination and hyper efficient. Despite its former glory, bureaucracy now leaves a bad taste in people’s mouths. They say society has gone too far. And yet, modern bureaucracy will usher in a new Golden Age.