I have witnessed many organizations buying and renewing their licensing agreements from international vendors, without using it. This always led me to question why they would continue to do so, what are they winning, and why they are wasting their organizations money?
I have witnessed many organizations buying and renewing their licensing agreements from international vendors, without gaining any value from it. This always led me to question why they would continue to do so, despite suffering a loss.
Transforming your organization towards being more efficient and effective is the main drive for improving how you run your business. If we assess how well an organization is running its business, we’ll see that there’s always room for improvement, especially in this day and age of technological advancements where we rely on systems and apps to do things in a more natural and much better way.
Want to transform your organization digitally? You might think digital transformation consulting services are the right way to go. But think again. After all, there is a much more cost-effective system that will help your organization adapt much faster and give you a competitive edge.
In the typical scenario involving the supplier receiving the invoices, the former is usually given priority to submit invoices to initiate the process of aging. By handling the invoice manually, as per the cases that were discussed previously, the suppliers were under the impression that the thirty or sixty days of payment term will start from the time they turned in the invoice. Besides, the supplier will be willing to pay regularly because the sooner they submit their invoice for aging, the sooner they can receive their payment.
In a previous blog, we talked about how organizations are striving to transform the way they do their business digitally. For them to successfully change, they need systems that serve the different functions their businesses operate on.