This could be one of the reasons why you can’t match invoices to construction sites:
- 1. Because your company still uses paper-based systems.
- 2. Or, because your company uses a complex software that is too intimidating to your employees. And, who would blame them for being reluctant to use it?
Purchase orders are an important tool that businesses should use to ensure spend stays within budget. Without purchase orders tracking expenses is more difficult, prone to errors and validating delivery reports becomes a nightmare. Continue Reading
An upsurge in fraud has left company owners and social entrepreneurs feeling uneasy. This is not a new trend. Organizations have been plagued by fraud for years and it has threatened the existence of well-established charities like Oxfam and The Cancer Fund of America.
Every truly successful organization monitors and tries to improve on it’s spending, it’s a “no brainer” if you are not controlling or at the very least monitoring your spend then you are losing money, simple as that. I’ve seen it time and time again where people think they have things under control. Continue Reading
At first glance, you’d be forgiven for thinking that construction project management takes the same skill set as any other project management field. It certainly does follow the traditional five phases of project management which are initiation, planning, execution, performance and monitoring, and closure/completion, but that is where the similarities end. Continue Reading
The general assumption of some small companies are that purchase orders include an intense amount of unnecessary paperwork that will slow down the natural order of business and make everyone move at a glacial pace. Or they already have their vendors and suppliers with whom they have a working relationship with, thus they unwisely forego purchase orders.