What does the phrase “user-friendly electronic purchase order” mean to you? Generally, different people would have different definitions. However, a majority would define it as a purchase order software that is easy to use or understand. In other words, a software that allows you to process purchase orders without sweating your palms. Continue Reading
Most times, charity funds get wasted in the purchase process. The most common examples of waste, in this case, are two people in the organization buying the same thing, or when an invoice comes in and an item costs more than was initially quoted so your organization ends up paying more than budgeted. The worst scenario is when suppliers collaborate with your employees to submit a fraudulent invoice. Continue Reading
- You had a great sales month but, to your dismay, have no money in the bank.
- Your business is growing fast but there is never enough left over to give yourself that raise you so richly deserve.
Or my favorite:
- Opening your management accounts feels like scratching off a scratch card, you never know what you are going to get.
Tired of too much paperwork!
“The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality.”
Author: Chris Chocola Continue Reading