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…
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…
For finance teams, having an efficient purchase order approvals process is critical in maintaining effective procurement processes. They help to ensure that purchases are made in line with budget c…
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…
Based in Bath, Shift Active Media are a truly remarkable and award-winning business. They are the agency behind the largest and fastest growing cycling media brand in the world. Shift develop and impl…
How British Airways Holidays reduced the cost, time and errors involved in raising requisitions As part of British Airways, BA Holidays helps customers find and book perfect holidays in locations a…
By Guest Author: Heather Smith Budgeting and cost control can be useful business tools when used properly, but if used arbitrarily, there are practitioners that believe you might be wasting your time…
RIP Purchase Invoices Isn’t it astonishing that the biggest problems in accounts payables occurs before the purchase invoice even arrives with the AP team. But the resultant invoice can tie the t…
Keeping an eye on Budgets is easier than you think. Running a business is not easy. There's never enough time and often the senior team are more focussed on top line revenues than managing the costs.…
Purchase Invoices - what a waste of time. According to Levvel Research's 2019 Payables Insight Report, 80% of invoices require multiple approvals. In many companies, that means at least 3 people ne…
By Francois Badenhorst, Business Editor, AccountingWeb According to a new guide from Zahara, there’s a big difference between ‘budgeting’ and ‘budget management’. While budgeting is often…
For many companies in the building and construction sectors, purchasing is a pain. "We paid some sub-contractors twice for the same invoice. Our Director authorised payment of a paper invoice and t…
In a recent Benchmark report from the Institute of Finance & Management (IOFM), Efficiencies were cited by Accounts Payables as their biggest challenge. Based on a 2 year study of nearly 400 A…
If you’re having to check every supplier invoice is ok to pay - your process is broken. When a supplier submits their invoice, they will typically have fulfilled their part of the contract,…
Many companies recognise the importance of paying suppliers on time. They keep their valued suppliers happy and in return get better service and potentially improved prices. However, research indicate…
At Zahara we want to help our customers as much as possible. so we have created this handy guide to different document types. It will cover Purchase Orders, Invoices, Purchase Requisition, etc. This…