Collaborative Minds Blog - page 11
The accounts receivable department at any organization is responsible for some of the most important business functions: they manage the money that comes into a business or institution. Given the importance of this department within most organizations, it is strange to find out that this department is often lacking when it comes to using innovative new tools like automation.
(more…)We’re excited to announce that TrustRadius has recognized Comindware Tracker with a 2020 Top Rated Award.
(more…)For businesses, there are many ways to approach workflow to provide effective, yet flexible planning. Plans change, new situations arise, and a business needs to be adaptive enough to manage this flexibility. A lot of companies have moved to what is called an agile workflow, which allows them to maintain a plan of action, but also leaves enough flexibility for the unknown.
(more…)For a business owner, accounts receivable is one of the most important company metrics and also one of the more confusing ones. It refers to outstanding balances owed to a business by other parties. Where possible, payees expect payment at the time a service or a product is provided, but businesses often have some form of financing that allows a customer or a client to carry a balance which is to be paid off over time. We can think of this as a quasi IOU from a customer or a client to a business.
(more…)We are excited to announce that Comindware has won top awards in three G2 indies, including “Fastest Implementation”and “Best Support” in G2’s 2020 Index Reports for Workflow Management Software and “High Performance” in G2’s 2020 Index Report for Business Process Management Software.
(more…)International Organization for Standardization (ISO) a non-governmental organization through its member experts comes up with standards for goods, services and systems internationally. ISO ensures that quality is met under the laid down criteria. Its members now number 160 countries.
(more…)The way the Accounts Payable (AP) department processes invoices essentially affects business performance. While the manual invoice management method works, it tends to be time-consuming, tedious and less reliable.
(more…)As businesses evolve and more work needs to be done, the conventional solution is to either overwork the people or hire more people to do all the extra work. As things stand nowadays, companies cannot afford to keep hiring more people. High-skilled jobs are already difficult and expensive to fill, and getting more people on board to do low-skilled and sometimes merely repetitive tasks can set cost-saving goals back.
This is where business process automation (BPA) solutions come in handy.