Practical tips for procurement and finance
Your electrical project shows an 18% profit margin in QuickBooks, so you can bid on the next similar job with confidence. Three months later, you’re staring at a 3% actual margin and wondering what went wrong. The culprit? Inaccurate job costing data that made your profitable project look more successful than it actually was. This… Continue reading Why Your Construction Job Costing Reports Are Inaccurate in QuickBooks (And How to Fix Them)
Your electrical project shows an 18% profit margin in QuickBooks, so you can bid on the next similar job with confidence. Three months later, you’re staring at a 3% actual margin and wondering what went wrong. The culprit? Inaccurate job costing data that made your profitable project look more successful than it actually was. This… Continue reading Why Your Construction Job Costing Reports Are Inaccurate in QuickBooks (And How to Fix Them)
Growing companies face a common challenge: approval workflows that worked well at 50 employees become bottlenecks at 150 employees. The traditional approach—purchase request goes to manager, then department head, then finance—seems logical but often creates delays that frustrate teams and slow operations. Requisition-to-PO cycle times range from under an hour in fast-moving companies to over… Continue reading How to Design Procurement Approval Workflows for Speed: From Days to Hours in 4 Steps
Most procurement system implementations fail or face significant delays—but it doesn’t have to be that way for your growing business. While 73% of SMB procurement implementations struggle with extended timelines, resource constraints, and user adoption challenges, the companies that succeed follow a fundamentally different approach. They choose solutions designed specifically for small and medium businesses… Continue reading Procurement System Onboarding: A Realistic Implementation Guide for SMBs
There are many factors to consider if you want to calculate the true printing cost in your company’s office in order to know how to reduce it. The expense of using an office printer isn’t just the purchase price of the machine. Total Cost of Ownership depends on the price of an appropriate toner or… Continue reading 10 ways to Reduce Your Print Cost
Procurement and Accounts payable automation has many benefits including productivity improvement, process cost reduction, and so on. However, Like any other investment, companies need to justify the investments to the finance team for such an initiative. In this post, we will cover the key benefits of purchasing and invoicing automation and how to build your… Continue reading The Advantages of Automated Purchasing and Invoicing, Crafting a Compelling Business Case Procure-to-Pay [Template Included]
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