Best Practices to Optimize Account Payable Processes
Businesses are looking for ways to optimize the accounts payable process. This article lists out some of the accounts payable best practices that can simplify the process end-to-end. Access controls Set internal controls within the AP department and determine who has access to what. Ensure only a few employees have access to the master vendor […]
The Stages of Contract Lifecycle Management Explained
Contracts are not valuable or self-explanatory by themselves – they are the end products of long and extensive tasks or processes. Therefore, in this post, we do not look at the processes that lead to the formation of contracts but rather the contract processes in themselves and thereof. Different firms have different contracting processes and, […]