Whether due to natural disasters, government regulations or economic pressures, sourcing has become a hotter topic than ever. Retail and restaurants, in particular, are under pressure to source intelligently while minimizing unnecessary costs, something that can be tough to do without adhering to modern best practices and using currently available technology, such as purchasing software.Read… Read more »
You know the old saying about the left hand needing to know what the right hand is doing? It also applies to your organization’s automated buying processes. In order to realize the full benefits of your investment, it’s vital that all pieces of your system are well integrated, including a broad suite of e-procurement andRead… Read more »
What Makes Jetstream Unique When I founded Apptricity, it was with one major guiding premise, “the business should run the software, not the other way around.” We continue in this way for all our development and all the solutions that we create. This month, I am focusing on the idea behind our Jetstream platform, particularlyRead… Read more »
As a part of the “Campaign to Cut Waste,” the president has required that the Internet Payment Platform (IPP) go live for all government agencies by the start of the fiscal year. This means that as of October 1, 2012, businesses will have to use e-procurement to send bills to the federal government. While theseRead… Read more »
Did you know that more than 2 out of 3 American businesses still mail receipts to their accounting departments? It doesn’t make for fast or reliable expense management, but it’s been ingrained in established business processes for so long, some companies are reluctant to put aside what they know for what’s new…even if what theyRead… Read more »
The General Services Administration (GSA) has made quite a few headlines recently due to excessive (and irresponsible) use of government funds at various conferences and training retreats, but now it seems it’s time for them to deal with a more cash-strapped budget. While spending has been much more carefully scrutinized since news broke of theirRead… Read more »
United States government agencies haven’t exactly made much positive fiscal publicity for themselves over the last several years, but that may soon change for the better. Under direction from the Obama administration, agencies are adopting better business processes, most particularly through usage of expense management and invoice management solutions. Most recently, the U.S. National ParkRead… Read more »
Finance managers across government are looking at ways to reduce the cost of Finance and government operations in response to flat or reduced budgets for the foreseeable future. The initial rounds of budget cuts are being achieved though quick, short-term actions, e.g., reduced travel, training, and contracted services. What I see less of are longerRead… Read more »
How Mature is your Finance Organization? By Steve Watson, CPA, CGFM IBM Public Sector Financial Management In 2005, I published a whitepaper upon the 15th Anniversary of the CFO Act entitled Federal Financial Management, The End of the Beginning (http://www-935.ibm.com/services/us/imc/pdf/wp-cfo-act.pdf). In that paper, I included a Financial Management Maturity Model reproduced in the table below.Read… Read more »
You want to help your organization save energy, time and money. But companies from which you buy power and energy efficiency services don’t always understand your pain points or what’s important to you. If you’re ready to affect this dynamic, our company invites you to contribute to our research report. It’s easy and doesn’t takeRead… Read more »