Procurement metrics that matter: AI discussion
The Ardent Partners Procurement Metrics That Matter report is an annual must-read for those of us in the industry seeking to understand the mindset of today’s procurement leaders. It provides valuable insight into trends and forecasts for procurement organizations, how they are behaving today, and what that might look like tomorrow.
Essential accounts payable skills
Understanding essential accounts payable skills can significantly enhance both individual performance and organizational efficiency benefitting both the AP department and the individual.
5 common accounts payable mistakes and how to avoid them
Accounts payable (AP) might not always grab the headlines, but it’s the unsung hero keeping suppliers happy, cash flow steady, and your financial ship from running aground - until there's a mistake.
7 warning signs of accounts payable fraud and how to address them
AP fraud can have severe ramifications for businesses, leading to undesired financial losses and damaging the integrity of financial records. Identifying these types of fraud can help organizations act swiftly to control and reduce the risk of fraud. Here are the seven most common warning signs.
Navigating procurement challenges in 2024
Staying resilient means staying on top of procurement challenges, from supply chain to risk. Learn what challenges CPOs are facing right now.
Rethinking procurement: Upsetting the RFP apple cart
An over-reliance on template-driven RFPs and apples-to-apples comparisons can stifle innovation and creativity in procurement, reinforcing the perception of procurement as mere RFP administrators and savings calculators.
Creating a data analytics approach to fraud detection and prevention
In an era where digital transactions are commonplace, bad actors have become increasingly sophisticated, making prevention a relentless battle. Fraud analytics serves as the frontline in this ongoing war against deceitful activities within systems designed for trust.
Preventing payment fraud: Strategies for financial protection
As the digital landscape expands, the convenience of online transactions is shadowed by the increasing prevalence of payment fraud, paired with the traditional risk of fraudulent paper checks.
Create a durable purchasing strategy
Building a house without a plan is chaotic, and the same goes for a company without a purchasing strategy. This essential approach ensures effective resource management, cost optimization, and strengthened supplier relationships.