Nanonets

SEPTEMBER 22, 2023

Implementing best practices, such as prioritizing invoices and establishing internal controls, can improve the accounts payable process. Implementing best practices is also crucial for optimizing accounts payable processes. This helps avoid late payment penalties and maintains good relationships with suppliers.

Accounts 40

Accounts Master Account Best Practices Reconciliation 40

EBizCharge

JUNE 26, 2024

Cost of goods manufactured vs. cost of goods sold: How to calculate each Cost of goods manufactured (COGM) and cost of goods sold (COGS) are two essential calculations in manufacturing accounting that inform the valuation of inventory and cost management.

Accounts 52

Accounts Product Best Practices Process 52

Nanonets

SEPTEMBER 23, 2023

Management Accounting: Management accounting , also known as managerial accounting, focuses on providing internal stakeholders, such as managers and executives, with information for decision-making and performance evaluation. It involves the analysis of financial data, cost management,  budgeting , and forecasting.

Accounts 52

Accounts Compliance Regulations Audit 52

Nanonets

FEBRUARY 15, 2024

Procurement is a pivotal function for any business upon which the pillars of efficiency, cost management, and strategic sourcing rest. It's about identifying gaps in your procurement practices and finding inspiration in the best practices out there. Click on each objective to explore potential KPIs.

Finance 52

Finance RFP Agreements Automation 52

Nanonets

NOVEMBER 14, 2023

Managing Costs and Risks: Cost management is a key aspect of procurement strategy. It involves negotiating favorable terms with suppliers, seeking cost-saving opportunities, and budget management. This process ensures transparency and accountability in the purchasing process.

Assessments 52

Assessments Risk Risk Management Mitigation 52