What is days payable outstanding (DPO)? Days payable outstanding (DPO) is the financial ratio that indicates the average time, in days, that a company takes to pay its bills and invoices to its suppliers. The ratio indicates how well a company’s cash outflows are being managed. Businesses with higher DPO…

Is your business ready to make the first step into understanding how to automate the accounts payable process? This blog article highlights the questions you need to ask to understand if you’re ready for accounts payable automation. When organisations receive thousands of invoices every year, imagine the size of the…

This is your weekly supply chain bulletin from B2BE for the week starting 16th January 2023. Each week, we bring you a rundown of the latest trends in the news from across the supply chain industry. We cover the issues most important to you, bringing you useful links to the…

The aftershocks of the pandemic and ongoing global skills shortage are set to continue to drive automation investment well into 2023. It is hoped that it will not only supplement existing workers but also unlock new business capabilities and insights. As customer service expectations increase, and the speed of sales…

Most document management solutions allow businesses to automate the bulk of in-bound documents and can reap the benefits of document digitization. However, it’s often the case that businesses are left with a number of documents still being received in paper, or PDF format, which they are forced to manually process.…

Electronic invoicing (e-Invoicing) can give businesses the means to adapt to the different requirements of traditional and digital trade globally. Providing several benefits for businesses, including several potential benefits specifically for small and medium enterprises (SMEs). With e-Invoicing, SMEs are able to shorten processing cycles, including payments of accounts receivable.…