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Why Your Small Business Needs Business Credit
Separating business and personal credit can be tricky for small businesses, particularly when you yourself are your business. It’s generally recommended to keep your business and personal finances separate, and building business credit that’s separate from your...
Addressing Procure to Pay Challenges with Best Practices
What is Procure to Pay (P2P) Procure to Pay, also known as purchase to pay or “P2P”, is a process that organizations follow when procuring the goods and services it needs to do business. Procure to Pay is a process that includes requisitioning, purchasing, receiving,...
Nine Steps to Vendor Contract Management
Vendor contract management is an integral part of any solid vendor management program. Vendor contracts require specific handling, and are complex documents that do more than simply establish terms and conditions. Managing vendor contracts means not only managing the...
Onboard New Suppliers Faster and with Less Risk with These Five Supplier Onboarding Tips
Without vendors and suppliers, most businesses wouldn’t be able to function from day to day. Whether suppliers are responsible for raw materials needed to produce finished goods or supplying essential services necessary for company operations, the importance of...
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