There are many hidden pitfalls when using manual processes to manage company spend. This simple infographic shines some light on the issues you might be struggling with.Continue Reading
Bottlenecks are a thorn in your side. Why do you think your purchasing processes aren’t effective? Making errors are part of the human learning process. It’s a natural process that makes a human being stronger over time. However, in business this is not such an effective quality to have. To bridge the gap between you, more efficient and effective processes, and natural human error, you need implement better working methods.
According to a study done in the 1980s and 1990s on human error in business, a lot less mistakes were made in the businesses that put working processes in place and enforced these working processes as a routine than those that did not.
Statistically, 90% of excel spreadsheets are sensitive to human errors. Is your company part of this statistic? Even though Excel can handle a lot of data, it is susceptible to human error. Working on an excel spreadsheet has a lot of shortcomings especially if a whole team of people try to work on it at the same time. Thirty years of scientific research on spreadsheets has shown that people make mistakes consistently, especially when pressed for time.