Processing invoices manually is manageable in the early stages of a business. But as you start to scale, using spreadsheets and other manual methods just isn’t practical in the long run.
Manual processes can lead to issues like missing invoices, delayed payments, and even instances of fraud — all of which can hurt your bottom line and damage relationships with your vendors.
So how can you manage your invoices better and prevent costly errors? And how can you increase visibility across the entire accounts payable process?
By implementing an automated invoice processing solution.
In this article, we’ll look at what automated invoice processing is and how it can help you improve invoice management. We’ll also cover how you can create a fully automated accounts payable process using frevvo’s invoice approval software.
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Every company is built on processes — a series of steps you follow to accomplish an objective. Examples include onboarding new hires, preparing goods for delivery, and reconciling invoices.
When processes are efficient, they run smoothly and create predictable outcomes. But when they aren’t, they lead to inconsistent results and missed deadlines.
This is why streamlining processes is so important.
Improving how work gets done helps your company increase operational efficiency, reduce errors, and deliver more value to your customers.
So how can you streamline your business processes?
Read on to learn more. In this article, we’ll look at how streamlining processes can help your company achieve its goals. We’ll also cover the steps you can follow to improve overall efficiency.
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Purchase orders play an important role in the procurement process. They allow companies to place orders with different suppliers and manage their inventory.
Most importantly, purchase orders serve as written agreements that include details about goods, quantities, prices, and delivery dates.
No matter what goods or services you purchase, you need a way to track those orders.
A paper-based purchase order process can work. But as your company grows, managing all the paperwork becomes a hassle and can slow down procurement.
So how can you create a more efficient purchase order process?
Using a purchase order (PO) system can help.
If you’re still managing purchase orders manually and are looking for a way to streamline this process, then keep reading.
In this article, we’ll walk you through what a PO system is, why your business needs one, and how you can set one up using frevvo’s purchase order workflow software.
Modern low-code platforms are so easy to use that you don’t need an army of expensive developers or a large I.T. budget. The interface is fully visual, so if you know how to use Excel then you can create your own automated workflows.
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As a company grows, so too does its need for more systems and applications — each one playing a crucial function in its operations.
For example, you might have customer relationship management (CRM) software to administer customer data, an accounting system to handle invoices, and an HR system to manage employees.
But problems can occur if those systems aren’t integrated. Teams may work or make key decisions based on outdated data.
So how can you ensure that everyone has access to the most up-to-date information? And how can you integrate your systems to ensure everything works together?
This is where business process integration comes in.
In this article, we’ll look at what process integration is, how it can help you efficiently manage your processes, and how BPM tools can help you integrate your processes. We’ll also provide examples and cover the exact steps to get started.
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Whether you’re onboarding a client, fulfilling an order, or preparing a budget, you typically follow a process or a set of steps.
However, processes can become outdated over time. What may have worked in the past may not be the most efficient today.
So, how can you improve your processes?
This is where business process management (BPM) comes in — the practice of analyzing and improving existing processes to increase their efficiency.
BPM sounds straightforward enough, but dig deeper, and you’ll find tons of acronyms and complex terminology. Keeping track of them all can be difficult.
This article provides a glossary of common business process terminology with definitions and examples. We’ll also provide links to additional resources so you can learn more about each.
Continue reading “Complete Guide to Business Process Terminology”
As organizations face increasing competition, business leaders must look for ways to increase efficiency and decrease operational costs.
Many are turning to business process management software (BPMS) to improve their processes and achieve organizational goals.
But what exactly is BPMS, and how can it help your company streamline its operations?
Keep reading to find out. This article will shed more light on the meaning of BPMS, including the benefits it offers and how you can get started.
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Companies make hundreds of decisions every day.
Some examples include assigning an account manager to a new client, determining how to address a customer complaint, and deciding which positions to fill.
While managers and employees can handle these decisions, they can quickly become bottlenecks if certain decisions aren’t made on time.
Even simple things like making calculation errors and forgetting to fill in a product code create unnecessary delays since these mistakes must be corrected.
This is where business rules come in — a way to automate decision-making and reduce the risk of errors.
In this article, we’ll look at what business rules are and how they work. We’ll also provide examples of business rules that you can create using business process automation software.
Continue reading “10 Examples of Business Rules That Make Work More Efficient”
In a perfect world, every business process would be documented. Employees would have everything they need to do their jobs and would know exactly how to carry out each step.
But this isn’t always the case — 60% of employees find it difficult to get the information they need for their work. This suggests that companies aren’t doing enough to document their processes, which can lead to inconsistent results.
So how can you improve your processes? And how can you ensure that employees have the information they need to do their jobs well?
Using a business process diagram is a good place to start.
In this article, we’ll cover what a business process diagram is, how it can help your company, and how to create one. We’ll also look at using business process automation software to document and automate your processes.
Continue reading “How to Create a Business Process Diagram (With Examples)”
Every company strives (or at least should strive) to create efficiency. Operating at a high level of efficiency means you can produce more at lower costs.
One of the best things you can do is to document your processes. Doing so standardizes procedures and ensures that employees perform each step the same way every time.
Writing down each step is a good place to start. But a better approach is to create a process flow diagram — a graphical representation of a process from start to finish.
This article will take an in-depth look at what process flow diagrams are, including how to create them and why you should. We’ll also look at some examples, so you can see how these diagrams look in practice.
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When employees need to take time off, they don’t want to spend any more time than necessary getting their requests approved.
Likewise, managers don’t want to spend a ton of time reviewing time off requests or sending them back because some information is missing.
The whole point of a time off request form is to make it easier to track when employees are out of the office. But relying on paper forms is only making the problem worse.
So how can you create a more efficient time off request process?
Keep reading to learn more. In this article, we’ll look at how to optimize your time off request form and how you can automate the approval process to make it easy for everyone to take time off.
Continue reading “How to Create and Automate Your Time Off Request Forms”