Purchase Orders are the sticky stuff that keeps your company together. They make sure you can track your orders and receive payments efficiently. When you use a purchase order you will find that each element included on it plays an important role and is geared toward a specific goal. It can be said that every single aspect of the purchase order makes your business flow together like a well-oiled machine or, better still, like a bride that fits into her wedding dress in time for the wedding.
“There are three things in the world that deserve no mercy: hypocrisy, fraud, and tyranny.” Frederick William Robertson
What makes a good person commit fraud?
Most of us are brought up in good environments with a decent measure of morality etched within us. But have you ever thought that one day you might land in an unusual situation where your bills are more than your income and you are faced with a decision between doing the right thing or lowering your moral standards for just a moment and committing fraud to make ends meet?
Have you ever hoped that someday someone would invent an app that could just do your purchase orders (POs) by itself? Having so many factors to consider when it comes to purchasing such as purchases being made by different people and suppliers that could be unreliable makes it hard to keep track of where all the money is going. Acquire the Ultimate Smart Spend Toolkit? Continue Reading
Relief agencies play a major role in providing aid, in most cases to developing countries. Generally, during disaster reliefs, these charities spend more. This is because disaster reliefs involve unanticipated expenditures which tend to increase yearly.
In third world countries, NGO corruption is a word not uttered in front of donors. For instance, in Uganda, corruption has been accepted as part of charity organizations. Meanwhile, war-torn Somalia and North Korea are perceived as world’s most corrupt countries with a shocking score of 1.0.
According to a US bank survey 82% of business failures are due to poor cash management.
Every time you spend the company’s money, you could be edging towards becoming a part of that statistic. The secret to spending money effectively is actually a lot more counter-intuitive than is sounds. Continue Reading
I first met Nathan Lustig while we were both part of the inaugural round of StartupChile. StartupChile was an innovative government program that invited foreign entrepreneurs to come to Chile and start a business. It is now one of the top rated startup incubators in the world, but when Nate and I got there, it was very much a boot-strapped affair. Continue Reading