There’s an old expression that says if you want to find the answers to something, follow the money. A common mistake in businesses is thinking of financial matters as something that happens only in the accounting department. But if you follow the money across all the purchase orders, invoices, and other dealings in your company, you’ll soon see that accounting practices affect everyone, not just the accountants.
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Project overruns are a regular occurrence in construction. Statistically, around 85% of projects clock in over budget due to some combination of poor planning, uninformed estimation, or a lasting commitment to analog processes.
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Every hero has an origin story. We think of Spiderman getting bitten by a radioactive spider, Superman discovering he has superpowers, and the X-men congregating around Professor Xavier. And as the saying goes, not all heroes wear capes, so today we discuss the origins of ProcurementExpress.com.
Construction daily reports are a vital part of managing construction projects. They provide an ongoing record of incidents, conditions, and the full range of tasks related to a project in progress.
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Between 2013 and 2015 a team operating out of Lithuania stole over 100 million dollars from Facebook and Google. Perhaps the most shocking detail is that they didn’t “steal” this money secretly. They asked for it directly in emails and invoices. By impersonating a company that Facebook and Google were used to working with, this company was directly paid large sums of money straight from these giant tech companies.
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Theft and embezzlement are nothing new. As long as there has been wealth there have been people assigned to protect the wealth. The obvious flaw in this system was perhaps best stated by the Roman Poet Juvenal, who asked, “Who watches the watchers?”
By now, you’re likely aware of our PO automation features, custom approval flows, and easy approach to budgeting.
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