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8 Forms of Waste in Finance Processes (Lean Approach in Finance)

Fpanda Club

Lean helps organizations to identify and minimize waste which exists everywhere and can take 8 forms: defects, overproduction, extra processing, waiting, inventory, motion, transportation and non-utilized people. Transportation This kind of waste includes moving items, people, information more often or over farther distances than necessary.

Finance 130
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How Automation Turns AP Into A Revenue Generator

PYMNTS

For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. Such initiatives should drive eInvoicing, he said, with integration to state-owned hubs through which invoices must be validated.

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AP Automation’s ROI For Businesses And Suppliers

PYMNTS

Organizations evaluating the return on investment (ROI) of accounts payable (AP) automation find obvious benefits from cost savings, early payment discounts and rebate-earning opportunities. Data’s Critical Importance To Payables Automation ROI .

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WEX Sees Double-Digit Growth In Corporate And Travel Payments

PYMNTS

The travel segment saw growth underpinned by accounts payable product sales. Within healthcare, she said, in the latest quarter there was 18 percent growth in SaaS accounts. Said Smith: “It was fairly pervasive, where the kind of the call-outs being transportation and wholesale trade were a little bit worse.

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WEX Posts Double-Digit Growth In Corporate, Travel Payments

PYMNTS

The travel segment saw growth underpinned by accounts payable product sales. Within healthcare, she said, in the latest quarter there was 18 percent growth in SaaS accounts. Said Smith: “It was fairly pervasive, where the kind of the call-outs being transportation and wholesale trade were a little bit worse.

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Treasury Finds Itself At Home In FinTech

PYMNTS

The more payment, cash management, cash flow forecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data. And all of that data, from risk management to accounts payable platforms, have created silos.