The 4 KPIs Your Accounts Payable Team Should Be Tracking Immediately
Dani Hao
November 9, 2018
Category: Finance
The 4 Procurement KPI Metrics You Should Be Measuring Immediately
Dani Hao
An Interview With Marisa Brown, Senior Principal Research Lead at APQC
October 18, 2018Why Finance Can’t Afford To Wait For Invoices To Track How Much The Company Has Spent
Dani Hao
There is often an underlying assumption that the accountancy department in any business has a complete picture of everything occurring at shop floor level. This would seem to be logical, as it would appear to be the job of the accountancy department! However, the reality is that most organizations are…
August 10, 2018What Your Startup’s Spend Culture Says About its Workplace Culture
Nitant Narang
“I believe that a strong culture is critical to companies that hope to scale…a winning company culture emerges when every employee feels they personally own the culture.” — Reid Hoffman, Co-founder of LinkedIn, PayPal, Partner at Greylock Ventures
August 1, 2018How to Make the Move from Cash to Accrual-Based Accounting
Dani Hao
How Category Management Can Decrease Your PO Processing Time
Dani Hao
In any organization, procurement is one of the main departments of the company that touches and manages organizational spend. Whether it be procurement for business continuity e.g. inventory purchasing, or procuring for business support e.g. IT – if an organization does not have a strategic approach to its procurement or…
July 16, 2018What Is the Chart of Accounts and How Do You Use It?
Dani Hao
What if you had to retrieve the dollar amount on an invoice that was issued a year ago? You might have to sort through a pile of paperwork for hours, going by the order of the time of filing. There may be even more problems that will occur, such as…
July 10, 2018What is The General Ledger and How Does it Affect Reporting?
Procurify Staff
General Ledger – Explained
July 4, 2018A Ready Reckoner on Cash Flow
Procurify Staff
What is Cash Flow? Cash flow is the total amount of cash (in hand and demand deposits) or cash equivalents that either go in or out of a business. According to International Accounting Standard 7, the following items constitute cash equivalents:
June 15, 2018Everything You Need To Know About Accounts Payable
Procurify Staff
“Accounts payable” is a phrase that’s sure to be seen and heard in any company that does business. On a technical level accounts payable is the comprehensive list, a record of a company’s liability in the form of payments owed to others. Many medium and large-sized businesses do their purchasing…
June 13, 2018