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Procurement’s Increasing CSR Role

Posted: 12/14/2021 - 01:44

Author: Shannon Kreps

Procurement can impact corporate social responsibility efforts, support supplier stewardship and increase diversity initiatives all through day-to-day operations.

Traditionally thought of as just being responsible for dollars and cents, the function of today’s procurement team goes much further than purchasing supplies needed to run an organization’s day-to-day operations. Beyond managing the entire supply chain process, their responsibilities have expanded in the wake of the Corporate Social Responsibility (CSR) movement.

Swimming in a Sea of Invoices: How to Streamline Your AP Process

Posted: 08/02/2021 - 23:33

Author: Anders Fohlin

Swimming in a Sea of Invoices: How to Streamline Your AP Process

A wise person once said, “If you do as you’ve always done, you’ll get what you’ve always gotten.” That statement applies to many things in life, including accounts payable (AP) invoice processing.

For decades, AP was a manual process. Vendors mailed paper invoices to customers and accounting teams would perform their two- or three-way match, comparing an invoice to a receiving document and the purchase order (PO) or other purchase authorization documentation.

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