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What is the 3-Way matching process and how does it Work
Key takeawaysThe 3-way matching process in accounts payable is used to verify suppliers’ invoices with corresponding order receipts and PO. The 2 way matching compares the information of the PO...
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Credit Management Workflows: Automate Approvals from Credit Initiation to...
A Deloitte report says that “About 60% of businesses are increasing their investment in credit risk management technology to improve efficiency.” Today’s businesses are more strategic and cannot be...
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Workflow Terminology: A Comprehensive Glossary
This blog post is a precise glossary of terms related to workflow. Having an organized workflow terminology in place for your workflow can be incredibly beneficial to know its features and...
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Business Process Consulting: A Simple (But Complete) Guide
Key takeawaysBPM consulting is a highly specialized field that involves the analysis and implementation of business processes.A BPM consultant helps optimize the business processes of an organization...
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Definition of Supplier Lifecycle Management
The vendor management lifecycle is an explicit organizational process used for managing external vendors in a well-organized manner. With the changing market conditions, organizations must update their...
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No code Automation Tools – What are they and How they Improve Business...
Key takeawaysOn an average, a medium enterprise makes use of 10 software applications for regular business operations. A substantial amount of time is spent on learning the usage of these tools, leave...
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How To Create A Workflow That Works For You
Key takeawaysWorkflows can improve efficiency and reduce errors by eliminating manual repetitive tasks.Choosing the right workflow automation tool is crucial considering factors such as business...
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Business Continuity Management – Benefits, Phases, and Tools
Key takeawaysBusiness continuity can be defined as the ability of business organizations to overcome and manage such unprecedented events affecting the flow of processes and resume the process flows....
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The Essential Guide to Risk Management Software 2024
Key takeawaysRisk management software is a tool that businesses use to identify, analyze, and mitigate operational risks. Businesses face challenges without a proper risk management solution such as...
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How Automation Enhances Approval Flows and Increases Efficiency
Approval flow is a key component of workflow management. Workflows encompass the entire lifecycle of a process or task, including the various stages, tasks, and approvals involved. Approval flow is one...
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All You Need to Know about the Supplier Approval Process
Understanding the supplier approval process is a critical part of successful business operations. From compliance to quality control, the process helps to ensure that only the highest quality partners...
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Churn Management: A Crucial Element of Customer Success
Key takeawaysThe churn rate defines the number of customers that a company loses during a specified time.Each industry has different average churn rates that companies can calculate and compare to...
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A Guide to Design an Effective Operations Strategy
Key takeawaysThe operations strategy is an action plan that briefs how the organization will carry out its operations. The operations strategy outlines and breaks down how the business in a particular...
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An Extensive Guide to Business Logic
The concept of business logic refers to the commands or rules that allow a database to exchange information between the database and end-user application. Learning the different aspects of business...
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How to Streamline Business Processes Efficiently
Businesses aim to improve their productivity and efficiency at every stage. Business performance depends on the efficiency of its processes. Organized and streamlined business processes ensure better...
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Have you ever wished to recall your approval process?
Jeez! I approved the wrong request. Wish I could recall my last approval. How many times have you done things that you wished you could take back? – words misspoken, actions that you regret, exits you...
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What is Process Flow Diagrams & Process Flowcharts and How to Use it?
Improving the efficiency of business processes requires a complete understanding of the process flows. Business productivity is directly proportional to the efficiency of business processes. Table of...
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Unifying Company’s Procedures through Process Standardization
Key takeawaysStandardization of business operations is essential for smooth running of the business. Process operations that are standardized are executed in an orderly manner and produce optimal...
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Cflow More Powerful with Zapier
Cflow is getting better at what it does, as our cloud-based workflow automation software comes out with more integrations. Using Cflow with Zapier is now easier, more reliable, and comes with a bunch...
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What Workflow Adopters Look for in a Workflow Software?
Business owners and thought leaders are the pioneers of the world. Every year, they look for innovative ways to take charge of every aspect of a business so as to stay ahead of the competition. While...
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