Posted in Finance Automation, Procurement Automation

Accounts Payable Process Explained: Challenges, Benefits, and Best Practices

Payments are, obviously, an integral part of supplier and vendor relationships. If you pay too late or get an amount wrong, you could end up with high penalty fees or even having to switch suppliers as you’re trying to complete a customer order.

A robust accounts payable process helps you stay on your supplier’s good side and gives you a better overview of your company’s cash flow at all times. You also protect yourself against fraud from parties posing as vendors.

In this article, we’ll break down the accounts payable process, its importance, and common challenges. We’ll also look at how you can streamline it with process management software.

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Posted in Procurement Automation

A Complete Guide to Procurement Management

Procurement plays a vital role for every business. Companies need to procure goods and services to continue operating.

However, poor procurement practices and inefficient processes can result in slow approval cycles, missed payments, higher costs, and even instances of fraud.

An effective procurement management system can help you address these challenges.

In this article, we’ll take an in-depth look at procurement management, including what it is and why it’s important. We’ll also cover the steps in the procurement process and how you can use frevvo’s automation software to automate them.

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Posted in Digital Transformation

Best System Management Software to Manage Your IT Infrastructure

Trying to manage your devices and monitor application performance across your network is practically impossible without the right management tools.

So how can you manage assets in your organization? How do you keep your systems running efficiently and mitigate security risks?

This is where systems management comes in. 

Systems management is a far-reaching subject, referring to IT systems management, document management, and HR management. 

In this article, we’ll cover all three of those elements of systems management and recommend the best software for your enterprise business.

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Posted in HR Automation

Offboarding: What It Is and How to Automate This Process

Every company experiences turnover — employees may leave their positions to take an opportunity elsewhere or for personal reasons.

Regardless of the reason, it’s best to part ways with employees on good terms. However, you can leave departing employees feeling frustrated without a formal offboarding process. You also face legal risks if you overlook any important steps.

Having an effective employee offboarding program can ensure that nothing slips through the cracks. It can even turn former employees into advocates for your company.

In this article, we’ll look at what offboarding is and why it’s important. We’ll also look at how you can use automation software to streamline this process and best practices to follow.

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Posted in Workflow Automation

What Is a Standardized Process? And Using it to Boost Productivity and Quality

In large companies, it’s common for teams to develop their own ways of doing things. A single process — like billing or accounting — might happen in a dozen different ways.

In a best-case scenario, this only leads to confusion when teams have to collaborate. In the worst case, untidy process management can also lead to issues like double-billing, lost deliverables, delays, poor work quality, and more.

Without a reliable system for managing mission-critical business processes, your company isn’t running efficiently.

That’s where process standardization comes in. It can help you break down and document processes so that there’s no friction between teams, and you can cross-assign tasks without issue.

In this article, we’ll cover what a standardized process is, its benefits, and how you can easily standardize and even automate processes using frevvo’s automation software.

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Posted in Workflow Automation

BPM vs. Workflow Automation: The Differences and Which Is Right For You

Business process management (BPM) and workflow automation are two terms you’ll undoubtedly come across as you look to increase productivity across your organization.

While BPM and workflow automation aim to improve efficiency, the terms aren’t exactly the same. Understanding the differences will help you find a solution that meets your needs.

In this article, we’ll cover the differences between BPM and workflow automation. We’ll also look at which one is right for you.

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Posted in Workflow Automation

How to Edit Your Business Processes to Make Them More Efficient

New technology, increased competition, and changing regulations — these are a few of the challenges that companies face in today’s rapidly changing world.

Businesses must constantly evolve to adapt to these changes. Otherwise, they risk stagnating and losing a competitive advantage.

So, how can you help your company meet new challenges?

Editing your business processes is a good place to start.

Continually revisiting your processes can reveal inefficiencies that are affecting your bottom line. However, you need the right tools to analyze and update your processes.

In this article, we’ll look at how you can edit your business processes using modern and low-code process management software from frevvo.

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Posted in Workflow Automation

How to Make Business Process Flows Work For Your Company

Whether you’re creating a proposal, approving an invoice, or resolving a customer complaint, you generally follow a process or a set of steps.

However, problems like role ambiguity, lack of transparency, and low employee engagement can occur when processes aren’t clearly defined — all of which can lead to inconsistent results and poor customer experiences.

So how can you standardize how work gets done? How can you keep your teams aligned and on the same page?

Creating business process flows can be a good place to start.

Keep reading to learn more about business process flows, including what they are, how to create them, and practices to follow to make them work for you.

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Posted in Approval Processes, Workflow Automation

What Is a Wet Signature? (And Why Modern Businesses Are Going Digital)

Most business processes require signatures, whether you’re onboarding a new hire, approving a purchase order, or preparing a sales contract.

However, as more work takes place outside the office and across the globe, one challenge that companies face is getting documents signed in a timely manner.

Obtaining wet signatures can take days or even weeks for paper-based processes, leading to a backlog of work and stalled projects.

Fortunately, there’s a better way to collect wet signatures.

In this article, we’ll explain what a wet signature is and when you should use it. We’ll also look at how you can use frevvo’s digital signature software to modernize your signature processes.

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Posted in Workflow Automation

6 Ways to Improve Process Efficiency With Automation

Your company has dozens or even hundreds of processes. 

However, these processes can become inefficient or redundant for various reasons — new industry regulations, increased market demands, changing customer expectations, etc.

Achieving process efficiency helps your company meet these challenges.

So how can you make your processes more efficient? How can you measure workflow performance and track your progress?

Keep reading to learn more. In this article, we’ll look at what process efficiency is and how using frevvo’s business process automation software can help improve your operations. 

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