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Back to Basics: What is a payment run?

What is a Payment Run?

Payment runs: Whether you're new to the world of finance and in-training, or you're curious how you can bring your payment methods into the 21st century, we've got all the fundamentals covered.  Wh…

Goods Received Note: The Basics

What is a Goods Received Note?

Every company will have a slightly different invoice processing method, especially if they're automating and using different systems. However, there's one thing that every company must do, regardless …

Accountex 2024

Accountex 2024

We’re Heading to Accountex 2024!   For the third year in a row we’re exhibiting at Accountex, and we can’t wait to get back to the ExCel, bringing you all our exciting updates from the last y…

Easy International Payments in 2024

Easy International Payments in 2024 If you work in finance, you'll know that managing your company’s transactions is a crucial responsibility for every finance team, especially when it comes to han…

What is purchase order management?

The key benefits of a Purchase Order Management System Purchase Order Management (POM) plays a crucial role in the efficient operation of businesses, particularly those scaling up and wanting to take…

New Accounts Payable Starter Checklist

Congratulations on your new accounts payable starter role! The first few weeks of a new job are often tricky no matter the industry- we’ve all been there. Between finding your feet, grappling with o…

What is Accounts Payable?

What is Accounts Payable?   In its simplest form, ‘Accounts Payable’ (AP) refers to the amount of money that a business owes to its suppliers. There is a strict process involved so that the owe…

Types of Purchase Orders

Different Types of Purchase Orders  What is a Purchase Order?  A purchase order (PO) is a legally binding document issued by a buyer to a seller, detailing a purchase transaction. It basically a…

What is OCR?

What is OCR?

We bang on about Optical Character Recognition (OCR) all the time, but have you ever stopped to wonder what the process actually entails?  We’re here to satisfy your curiosity.  In short, OCR is…

Purchase Orders for SMEs

Purchase Orders for SMEs: A Quick Guide

It’s no secret that running a small business comes with its fair share of challenges, with managing finances being a top concern. Many business owners end up managing their own finances out of neces…

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Man Maths and the Science of Buying

Have you heard about Man Maths? It’s the logical decision making that men (this one in particular) often use to justify a purchase they are planning to make. The second biggest purchase most of us …

Purchase controls, even for shoes

It was only when I had finished my accountancy training, left practice and had worked in industry for 2 years, that I fully understood the point of PO's. They might not be an exciting topic but they …

Finance Teams Problems

Finance Team Problems in 2023 – An insight from over 200 discussions. As we hit mid-March, our team has spoken to more than two hundred Finance Teams this year, some looking at AP automation, som…

Purchase Requisitions vs Purchase Orders

What is the difference between a Purchase Requisition and a Purchase Order?  A purchase requisition (PR) is a request. The request to buy something for the organisation and that request will likel…

Future-proofing your AP process

As the cost of living crisis emerges there is no doubt that we are all looking after our money more than ever.  Wall Street is warning of inflation rates and fears of a repeat of 2008. The UK is bein…

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