Accounts Payable

Tips for Saving Money Through Accounts Payable

Tips for Saving Money Through Accounts Payable

Running a business is all about managing costs. In all industries, keeping the overhead low is essential. It’s also almost impossible. It feels like costs only ever rise, even while profits like to play their roller coaster games. Ultimately, managing costs gets a lot easier with some specialized help. Telecom Expense Management (TEM) might sound like it has a narrow purview, but it’s really a widespread means of identifying and resolving runaway costs. Despite the name, TEM resources (including audits, planning and software improvements) can revamp all corners of your business, even accounts payable. Here’s how.

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5 Ways to Analyze Finance and AP Operations

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5 Ways to Analyze Finance and AP Operations

From virtual manufacturing breakthroughs to cybersecurity protocols, breakthrough technologies have no surprise become important for more industries in the business world than in past years.

Adapting to new technologies is an essential process for many companies to evolve, but when does it become necessary to implement them? At what point do you know when investing in new parts or processes steps away from an unnecessary expense and becomes a financial asset? This helpful tool for financial leaders will give you the clues to identify opportunities to enhance your company's financial portfolio and performance for a better return on investment. Let's review.

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Cost Allocation: Splitting Costs for Transparency

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Cost Allocation: Splitting Costs for Transparency

Whatever you call it… it means essentially the same thing. Splitting telecom and technology costs so they can be assigned to the responsible party, department, location, employee. Cost allocation is one of the most important steps towards transparency in a telecom environment. It provides you with the visibility of what is being spent, where and how.