From Postage Stamp Fraud to Stock Market Catastrophe: The Evolution of The Ponzi Scheme
Emma Harwood
There are lessons to be learned from the Ponzi School of Fraud.
April 24, 2017Category: Finance
What is a Blanket Purchase Order
Jordan
What is a Blanket Purchase Order?: A Blanket Purchase Order (also known as a standing purchase order) is an agreement arranged between an organization and a supplier to deliver goods or services at a predetermined price on a recurring basis for a specified time period (typically 1 year).
February 24, 2017Cash Flow and Procurement, The Engine and Fuel of Business
Nick Poisson
It’s the dream of every growing company: getting to the point where you can tell people business is smoothly humming along, and it’s actually true. Businesses that get to this level of smooth operation will often attribute it to maintaining their cash flow like the finely-tuned engine of business that it should be.
February 22, 2017What’s the Difference Between RFQ and RFO?
Rudy Yuly
Anyone who has studied or worked in Procurement for any length of time would vouch for the fact that the industry suffers from a serious lack of clarity when it comes to its terminology. Often times, two terms may be used interchangeably even though there is a subtle but significant difference between the two. A case…
August 17, 2016Accounts Receivable vs. Accounts Payable: Two Sides of the Same Coin
Tracy Ortlieb
Even a newcomer to accounting can likely guess the basic framework to Accounts Receivable vs. Accounts Payable: Accounts Receivable is money “to be received” by your business from a client or customer, while Accounts Payable is money “to be paid” by your company for a product or service provided by…
July 26, 2016Webinar: Optimize Your Company Spending Culture: It Starts With Purchasing Approval
Matt Lim
Our research shows that many organizations don’t recognize purchasing as a strategic business function that warrants its own carefully structured process and procedures. Many times, purchasing takes place outside the realm of accounting, and as the transaction is processed, payables staff are often left chasing down paper or email evidence…
July 21, 2016All About AP Automation Pt.1: What Is It?
Rudy Yuly
Let’s say you’re sitting in front of a big pile of paper bills your small business needs to pay. You’ve got your checkbook, adding machine, and ledger at the ready.
July 7, 2016The Gambles of Maverick Spending
Don Morgan
Who is the tall, dark stranger there, Maverick is his nameRiding along the Western plain,Luck is his companion, Gambling is his game.
June 28, 2016Saving Money in AP
Tama Fulton & John Messerall
Regardless of enterprise size, as a business owner or operations manager, effective accounts payables management is key to effective cash flow management. No business wants to incur the cost of having to grow a staff of people to receive, categorize and schedule bill due dates. It’s simply not scalable.
June 21, 2016How to Best Optimize Invoice Tracking
Sean Kolenko
There are myriad ways of driving organizational change – consistent readers of this blog will agree, as we’ve covered this issue from numerous angles.
May 17, 2016