We’ve said it before and we’ll say it again: every company will have its own unique journey to S/4HANA. Each one will be influenced by the specifics of their SAP environment, and more importantly their unique business goals.
In today’s increasingly complex labor market, federal employers are confronted with a litany of challenges when it comes to onboarding contingent workforce, underscoring the need for greater hiring agility in the face of omnipresent change.
A clear spend management strategy is critical for any business. The balancing act of managing and optimizing spend in today’s volatile marketplace is challenging. Implementing a real-time, intelligent spend management strategy is one of the best ways to minimize uncertainty.
In our previous post, we discussed centralization as one of the main benefits of AP automation technology to today’s remote workforce. With a centralized solution, in-office and remote workers can access the same data, inboxes, workflows, and organization structure allowing the business
Investing in new technology can be as daunting as it is exciting. On the one hand, your new application or tool can transform your business, improve efficiency, and generate growth. On the other hand, a tool poorly implemented, incorrectly integrated, or lacking buy-in from the broader team
While automating vendor invoice management processes with OpenText™ Vendor Invoice Management for SAP can dramatically improve the efficiency of your AP team, monitoring and resolving inefficiency in processes can be difficult.
In every industry, accounts payable (AP) and related invoice management teams are beginning to recognize the benefits of incorporating automated workflows with embedded machine learning capability. These tools help finance departments reduce errors, identify fraud, and save substantial money.
In recent years, many organizations have been reviewing remote work options or rolling it out slowly to see how it can be beneficial. The COVID-19 pandemic has undoubtedly accelerated this new way of working. According to a 2021 Gartner report on human resources trends, 48% of employees continue to work remotely post-pandemic.
Choosing the right tools, systems, and applications to achieve your business challenge that is fraught with risk. Without effective implementation and integration, even the most thought-out decisions and best laid plans can become poor investments. No one wants to choose a new system, allocate budget, and navigate procurement just to see things go sideways during implementation.
As a company grows, maintaining an efficient and cost-effective AP team is a formidable challenge, but multiple studies show how important it is to reduce AP costs with invoice automation solutions. In 2021, the Institute of Finance and Management (IOFM) estimated that a single invoice can cost as much as $16 to process when all system
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