#Vendor Invoice Management

[simplifyworkforce]

Vendor Management Solutions: Streamlining Contingent Workforce Management 

The Role of VMS in Contingent Workforce Management 

A Vendor Management System (VMS) is a software platform that helps companies manage their contingent workforce and the vendors who supply them. It centralizes the process of acquiring, onboarding, and managing external labor, providing visibility and control over the entire vms contingent workforce lifecycle. This automation allows organizations to reduce inefficiencies, improve compliance, and manage costs more effectively. 

One of the most significant benefits of a VMS is its ability to simplify the complexities of working with multiple staffing vendors. Companies that rely on contingent workers often partner with various vendors, each with different processes and standards. Managing these relationships manually can be time-consuming and prone to errors. With a VMS, organizations can automate vendor management processes, ensuring consistency in how vendors are engaged, monitored, and measured. 

Direct Sourcing: A Complementary Approach 

While vendor management solutions play a crucial role in managing contingent labor, direct sourcing is becoming an increasingly popular strategy for companies. Direct sourcing refers to the practice of identifying and engaging contingent workers directly, without the need for third-party staffing agencies. By building their talent pools, companies can reduce their dependency on external vendors and lower costs associated with recruitment. 

Direct sourcing contingent labor also allows businesses to cultivate a more engaged and loyal contingent workforce. Organizations can build relationships with pre-vetted candidates, ensuring a faster and more efficient hiring process. In some cases, these workers can transition into permanent roles, making direct sourcing a valuable strategy for talent acquisition. 

By integrating direct sourcing strategies into a VMS platform, companies can benefit from the best of both worlds: the efficiency and automation provided by the VMS, combined with the cost savings and speed of direct sourcing. Many modern VMS platforms offer features that support direct sourcing, including talent pool management, candidate engagement tools, and onboarding automation. 

The Benefits of VMS in Contingent Workforce Optimization 

Beyond simplifying vendor relationships and enabling direct sourcing, vendor management solutions offer several other key benefits: 

Cost Control: VMS platforms provide visibility into spend and usage across all contingent workers and vendors. This transparency enables better budgeting and cost forecasting, allowing companies to reduce unnecessary spending. 

Compliance and Risk Management: With contingent labor comes a host of regulatory and compliance risks, including worker classification and labor law adherence. A VMS helps ensure that these requirements are met consistently across all workers and locations, minimizing the risk of costly compliance violations. 

Efficiency and Scalability: As companies grow and their reliance on contingent labor increases, managing these workers can become more complex. A VMS scales with the organization, enabling seamless expansion without losing control over the contingent workforce. 

Conclusion 

In today’s fast-paced and competitive business environment, vendor management solutions are indispensable for organizations that rely on contingent labor. By centralizing and automating the management of vendors and contingent workers, companies can reduce costs, improve compliance, and streamline operations. When paired with direct sourcing strategies, the benefits are even greater, enabling organizations to tap into top talent quickly and efficiently. For any business looking to optimize its workforce management, investing in a VMS is a step toward a more agile and competitive future. 

You can follow these resources also: 

[REVEALED]: 7 Questions You Must Ask In 2024 Before Investing in a VMS  

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What is the Importance of Credentialing in Healthcare? 

[tyasuite123]

Streamline Your Business with E-Invoicing Software: Here's How!

In today's fast-paced business environment, staying on top of your invoicing can be a challenge. The solution for companies trying to optimize their invoice management process is e-invoice software. But what exactly is e-invoicing software, and how can it benefit your business?

What is E-Invoicing Software?

E-invoicing software is a digital solution designed to automate and manage the invoicing process, eliminating the need for manual handling. This advanced software integrates seamlessly with your existing systems, ensuring a smooth vendor invoice management process from start to finish.

Benefits of E-Invoicing Software:

Efficiency: Automating the invoice management process reduces errors and saves time, allowing your team to focus on more strategic tasks.

Cost-Effective: By reducing the need for paper invoices and manual processing, e-invoicing software helps cut costs significantly.

Accuracy: With automated processes, the chances of human error are minimized, ensuring accurate and timely payments.

Vendor Relationships: A streamlined vendor invoicing management system ensures that your vendors are paid on time, improving business relationships.

Why Your Business Needs E-Invoicing Software: Implementing an e-invoicing software not only modernizes your invoice management process but also enhances overall efficiency. The sheer number of invoices generated by expanding enterprises can be daunting. A robust vendor invoice management system is essential for maintaining order and accuracy.

In conclusion, investing in e-invoicing software, like TYASuite, is a strategic move for any business looking to optimize its invoicing process. Businesses can cut expenses, preserve good vendor relationships, and save time by automating and optimizing the administration of vendor invoices.

Curious to Learn More? Discover how e-invoice software can revolutionize your business operations today!

[zaggle-zoyer]

Zaggle Zoyer, an accounts payable and payments automation platform, transforms AP into a data-driven function. By automating invoice-to-payment workflows, it empowers finance leaders to improve spending decisions and optimize cash flows across the organization.

Vendor Invoice Management | Accounts payable software

[erp56757]

Achieving Vendor Excellence through Strategic Vendor Invoice Management

Achieving vendor excellence is crucial for long-term success in the dynamic world of business operations. A crucial aspect of this excellence lies in effective vendor invoice management. Implementing a robust Vendor Management System (VMS) and leveraging advanced vendor management tools and software can significantly contribute to streamlining operations.

Efficient vendor invoice management ensures accuracy, reduces errors, and enhances transparency in financial transactions. A comprehensive Vendor Management System acts as a centralized hub, simplifying the entire process from invoice submission to approval.

By integrating cutting-edge TYASuite vendor management software, organizations can automate repetitive tasks, minimize manual errors, and expedite the approval workflow. This increases productivity overall while simultaneously saving time.

Strategic use of vendor management tools empowers businesses to maintain optimal vendor relationships. Real-time tracking of invoices and vendor performance allows for proactive decision-making and the identification of areas for improvement.

The embracing strategic vendor invoice management through a holistic approach that includes advanced vendor management systems, software, and tools is key to achieving vendor excellence. By doing so, organizations can foster stronger partnerships, reduce operational costs, and enhance their overall financial health.

[saptutorials]

OpenText VIM: Streamlining Vendor Invoice Management in 2023

Are you searching for an efficient solution to manage your enterprise content seamlessly? Look no further than OpenText VIM. In this article, we’ll explore the myriad benefits of OpenText VIM and how it can streamline your content management processes. Read on to discover how this powerful software can transform your business. What is Opentext vim? OpenText Vendor Invoice Management (VIM) is a…

[myndsolution1]

The Ultimate Guide to Vendor Management Strategies

The core of each organisation's procurement process is its vendors. Nonetheless, a lot of businesses sometimes undervalue the significance of building strong bonds with their vendors. Due to this, they sometimes deteriorate the relationship with their vendors and do not receive materials or goods from them. That is why these companies are getting interested in vendor management systems.

[zikzuktechnologies]

Cash Flow Management Software

Tally on Mobile | Are you a Tally user? Get BFM - the best business intelligence platform and access Tally data on mobile. Automate payment reminders and collect payments 20% faster.

https://www.zikzuk.com/contact-us

[ms-demeanor]

Hey if you happen to work for a small business and you use Office 365 for anything and you are not required to use 2FA to log in to your 365 account please talk to your tech people at work and see if they have plans for adding that to your security policy.

We're rolling out 2FA for all our clients who have been hesitant about it and some of them are onboard but many are resistant to the change and it's slow going and we've had 3 customers get hit with session hijacking attacks in the last month. I just had the office manager for one of the businesses we work with call me in tears because one of her customers sent $150k to a fraudulent bank account.

And if you are someone who works in accounts payable and you are doing business to business transfers if one of your customers asks you to transfer to a new account number you need to CALL THEM ON THE PHONE to verify that they really want you to use this new account before you send that money. Asking for an email with a past invoice is NOT a good enough defense against fraud if a malicious actor has taken over your vendor's email and has access to everything they've ever sent you.

While I'm at it, here are some things that I thought were very basic security stuff that are apparently getting overlooked.

CALL TO VERIFY CHANGES. This should be part of your normal policy. You should not accept payment changes, address changes, email changes, ownership changes, point-of-contact etc. from your vendors or customers without first getting on the phone and speaking to someone who YOU PERSONALLY have spoken to at the company in the past and confirming those changes.

DO NOT SEND SENSITIVE INFORMATION THROUGH EMAIL. Usernames, Passwords, Credit Card Numbers, Health information, Personally Identifying information, and all Banking information is all information that you shouldn't send even through encrypted email; either you enter that info on a secure portal or you talk to someone on the phone.

Never, ever, ever give your 2FA codes to anyone. No exceptions. If it's anyone who would legitimately need to access your system they have ways of doing it that do not require you to have access to the system.

[boundinparchment]

In Trenodia

Long-distance marriages are difficult. But you and Wriothesley always manage to make time for one another. Female Reader/Wriothesley. Second scene is implied to occur after Act 4 of the Fontaine Archon Quest. Song for title inspiration - 'In Trenodia' by VV. CW: smut, breeding kink if you squint, oral, cunnilingus MINORS DNI. RATED EXPLICIT. On AO3 here.

After routine confirmations of invoices and goods, along with small talk from the surface, you were escorted to your husband’s office.  As you were every visit.  No one, not even the Duchess, was exempt from protocol.

By now you knew every guard’s name and face and remembered their troubles from the last time you visited.  It wasn’t easy to live in the depths, let alone work in them.  You knew the other side, what it was to be without, and you easily understood the toll separation took.  Words from you might not soothe, not entirely, but expectation danced on every face and you saw it as your duty to bring what reassurance and reprieve you could.

The guards sent word ahead of your arrival, naturally, so you did not expect to surprise Wriothesley nor be interrupted while you were there. 

Years ago, the large imposing doors frightened you. You had not expected the Duke himself to want to speak to you.  In hindsight, it made sense: you were a small vendor directly supplying him.  He had been so impressed that your honey did not taint his tea beyond recognition.  Wriothesley was instead immediately interested in how your methods varied from those used by the companies that mechanically processed the liquid as well as other beekeepers.

Moments like those left you lighter than air.  But they also managed to claw at the wound that never truly closed.  One you were used to nursing in the later hours of the night.  Distance made the heart grow fonder, of course; it also served as a chasm that would never be truly crossed.

Now was not the time for such melancholy, you reminded yourself.

As you entered Wriothesley’s office and the guard closed the doors behind you, you could make out the faintest familiar notes from the phonograph.  With a large jar of liquid gold tucked under your arm, you climbed the stairs and crested just as Wriothesley looked up from his paperwork. 

The weariness under his eyes and in the thin line of his mouth faded, barely visible as he laid eyes on you.

“You have impeccable timing, my love,” he said as you approached, lips quirking into a soft smile.  “Just when I was about to take a break.”

You rested the jar on the desk, the contents almost glowing from the way the light passed through the contents, and leaned over to meet him for a kiss.  Your heart jolted, as it always did, at the sensation of his soft lips on yours and at the scent of his shaving cream. 

Wriothesley stood and stretched for a moment, rolling his shoulder as he rounded the desk.  He picked up the jar with a single hand to examine it and held it up to the light. 

“Darker this year.  How was the yield?  Did you have any trouble harvesting?”

You shook your head. 

“Monsieur Lockwood’s Rainbow Roses were quite the feast for the hives.  The taste is mild enough but I’ll let you be the judge of that.”

He cocked an eyebrow, intrigued.  You carefully took the jar from his grasp, opened it, and dipped your finger into the honey, extracting just enough to sample.  Wriothesley’s hand, large and warm, encircles your wrist and guided your finger to his mouth.  He licked methodically, savoring every drop as his eyes closed for a moment in thought.

When he opened them again, you caught the faintest hint of hunger mingled with astonishment.

“Floral without being over-powering.  Refreshing, even.  My compliments to the hive.”

“I’ll be sure to give them your praises,” you laughed as you closed the jar and set it aside.

Wriothesley’s hands found your face, the rough pads of his fingers ghosting over your skin.  He lowered his head to brush his nose against yours, a playful smirk on his face.

“I can think of only one gift sweeter than any honey you bring me,” he whispered.

“And what would that be, Your Grace?”

“You.”

This time, the kiss you shared was deep, eager, and full of longing.  Your arms wrapped around his neck as you tasted the last remnants of honey when his tongue brushed yours and elicited a low moan from deep in his chest.  Wriothesley maneuvered you against the desk and then reached for your legs, lifting you to the surface with ease and hiking up your skirt to settle between your legs. 

Hours later, when duty could no longer be pushed aside, Wriothesley would escort you back to the passageway to the surface.

You would leave with flushed cheeks and sticky thighs, with only memories of his laugh and loving gaze to ease the ache in your heart until your next visit.

You hadn’t anticipated the possibility of another outcome. 

After all, you were married to a man sentenced to live in exile, to work in the shadows and support those sentenced to a different life than one provided on the surface.  When he told you of the circumstances, how he came to be prisoner and then warden, he wiped away your tears before they could spill and you understood that he held a love far larger than himself.

He was not a man of sentimentality, your Wriothesley; he was a man of loyalty, of action.

So, one morning when you spotted the figure walking up the path to your humble home (modest by most standards of Fontaine’s highest rankings of nobility), your heart immediately leapt into your throat and stayed there, like a stone.

Were you hallucinating?

Surely not.

You would know that hair and gait even through the beekeeping veil currently clenched in your hands.  The report of recent events arrived with your morning post and you were keen to set to work.  If you worked, you could not worry about the murmurs of Fatui presence, the recent trial with a Harbinger, nor your cook’s mumbling about the prophecy you grew up hearing.

Wriothesley was working on a solution, one that only solidified his sense of duty to the nation that gave him a second chance. 

His gray eyes skimmed over you from heel to head as he drew closer in the cresting morning light, golden rays catching the fastenings of his overcoat.  You couldn’t even get a word out of your mouth before he cupped your face and kissed you, ardently, thumbs brushing just under your eyes. 

“Wriothesley—” you gasped, his name nothing more than a rush of air when the kiss broke and you were wrapped in his arms, his presence sturdy, warm.

When you pulled away, you could see the fine lines from lack of sleep, the way worry had settled into the corners of his mouth and the hardness of his eyes.  He hid them well but he always lowered his metaphorical mask around you, just enough for the truth to peer out.

“I had to deliver a report to the Chief Justice in-person.  It didn’t make sense to come all this way only to not see you,” he said softly.  “They’ll just have to forgive me for breaking protocol to see my wife at least one more time.”

His expression softened and his gaze traced over you the way an artist’s brush touched canvas.  Wriothesley pried one hand from your hat and bringing it to your lips.  “Your Grace.”

Your face grew hot as you held his gaze and you couldn’t help but match his smile.  How long had it been since he’d been up here, on the surface, at your too-empty home?

“I was going to check on the hives and fields before breakfast.  Care to join me?”

“Nothing I’d love more.”

At this hour, the hives were quiet, as were the fields.  The sky was finally beginning to turn from inky blue to orange, gold, and pink beyond the lines of trees surrounding the property.  A new morning, full of potential, even if the colors were slightly different for him.

You weren’t sure who turned first, who initiated the slow kiss that only seemed to deepen with every passing second.  Time itself seemed to stop when you tugged slightly on Wriothesley’s tie to bring him down into the tall grass.  He complied, arms wrapped around you, holding you close to him as the soft blades beneath you gave way.

“Adventurous this morning, aren’t you, my Duchess?” Wriothesley teased above you, his knee nestled in the perfect spot between your legs.

“Mmm, more like taking advantage of the opportunity while we have it,” you replied, smiling as you reached up to kiss him.

Your body reacted to him like metal in a thunderstorm every time, instantly aware of your own needs, overwhelmed by the love that flooded your heart.  Distance was difficult for ordinary couples and the decision to continue, to marry, hadn’t been easy.

But this sensation, moments where you were the only two in the entire world.  It made all the struggles worth it. 

“Sunlight comes with you everywhere, makes you almost glow…” he whispered.

You reached for him, pushed his coat from his shoulders and made quick work of his shirt buttons, exposing his scarred chest.  In return, the stays of your dress were pulled apart, the fabric pooling at your waist and revealing your breasts, nipples hardening in the slight morning chill.

“I can’t remember the last time I smelled grass.  Smelled flowers, wild flowers not yet cut.  Nothing smells the same down there, where the sun can never reach…always smells like burnt metal.”

His mouth was hot on your skin, hungry but tempered as his teeth grazed the column of your neck and his lips found your breasts.  A jolt ran through you from heart to core as he flicked his tongue over your nipple and then sucked, just enough to elicit a gasp from you.  His free hand traced the curve of your other breast before he switched, tongue swirling gently.

Your hands found purchase in his black and gray hair, mussing it further as he worked downwards and pushed your skirts up to your waist.  He gazed up at you through his lashes as he pushed aside your panties, fingers dancing along your folds and finding you slick and swollen.

“Beautiful,” he breathed against your thighs, the words tickling your sensitive flesh.  His tongue brushed your lips and he moaned softly.  “Tastes as exquisite as it looks.”

His hand parted your folds a little further and his tongue returned to stroke you.  You arched your back as he swirled circles against your clit, a familiar sensation sitting low in your belly to stoke the throbbing ache deep inside you.  Your fingers in Wriothesley’s hair tightened as you pulled slightly in your eagerness, unsure if you wanted him to stop or push you over the edge.

“Don’t worry, Your Grace, I wouldn’t finish you so quickly,” Wriothesley teased.  “But I do want to savior you.”

True to his word, you never peaked.  But he did keep you on the precipice, eternally aware of the white-hot heat searing through your veins and your ever-growing need to be even closer to him.

Wriothesley only pulled away after pressing one finger into your wet heat and kissing your clit with a flick of his tongue.  You looked towards him, craning your neck to find your essence across his jaw and chin, glistening in the morning light.  His gaze was lost for a moment, memorizing you. 

After all, you never knew when the next time to see each other would come.  You might be able to predict and show up with a jar of honey and steal hours of his time.  Or, as you were this morning, you might be informed of events beyond almost anyone’s control.

You watched as Wriothesley freed himself from the confines of his trousers and positioned himself above you again.  He brushed himself against your wet folds, back and forth, and he groaned.

“I love that sound.  So wet for me…”

Your eyes never left his as he pressed into you, slow and steady, and buried himself to the hilt.  Deep inside, your walls were already squeezing.  Both of you let out a sound that begged the other to hold on a little longer.

You craned your neck up as Wriothesley bent down, foreheads pressed together and eyes fluttering shut as he withdrew entirely before starting with slow, deep strokes.

“Need this to last,” he whispered against your lips.  “To feel every inch of you around me.”

His composure slowly slipped away as you tilted your head and kissed him, sweet and full.  You wrapped your arms around him, hands finding his shoulder muscles.  One of your feet, devoid of its shoe, rested at the top of his thigh; just before he could pull out entirely again, you pushed him deeper inside of you. 

“I want to feel you even when you’re gone,” you murmured.  “So I have something to tell me this wasn’t just a dream.”

More words sprung to your mind but they were washed away by the fire building within you.  Wriostheley grunted as your walls squeezed slightly, begging him for more.  You caught a mischievous glint in your husband’s eyes when he pulled back slightly and reached for your foot.  He gently folded your leg and pressed it against you, giving him a better angle.

“I have a better idea.”  He wriggled slightly and you gasped as he twitched deep inside you at the perfect spot.  “I’ll come right here…fill you up over and over…”

He sped up his pace, your breathing ragged as your scents mingled with the grass and wildflowers.  The coil deep in your belly tightened and you felt everything else fall away as your toes curled and white-hot heat threatened your entire existence.

“Wriothesley—"

Light exploded across your vision as you shuddered and convulsed around him, underneath him.  It was too much and not enough all at once, your hips bucking as Wriothesley helped you ride out the aftershocks.  He twitched again, burying his face in your neck as he released inside you.

He pulled away only enough to push your hair out of your face and grin down at you, eyes bright.  His face was flushed and his hair absolutely ruined but backlit by the morning sun, he looked almost otherworldly. 

“I’d like that,” he said softly.  “To see you carry my child.  Our child.”

You wriggled your hips again, your bodies still coupled.  Wriothesley hissed and shifted his weight slightly to keep you from moving.  He was just as sensitive as you were and you couldn’t help but grin up at him.

“If you keep that up, we’ll be here all morning, Your Grace.”

“Good.”

[fuck-customers]

I really hate how my manager always thinks I’m wrong even when I’m saying the same thing he is saying. So our accounting emailed me about getting an Alaska sales tax exemption certificate to give to a vendor we’re buying from to not pay the sales tax. I handle all the tax exempt certificates for our vendors and I’ve never seen one for Alaska, but it made sense to me since there’s no state tax. However I knew there were local cities tax in certain cities so I checked but couldn’t find one. So I responded to accounting telling them that I don’t have a state certificate because there’s no state tax but since there are cities tax in certain cities that might be what he’s seeing on the invoice from our vendor. However I don’t have any forms or letters from any city in Alaska so we may need to register for one. He emails my manager confused and my manager is upset that I provided the “wrong” information and then asked if I did my research before responding because we are registered. I responded that I was aware we’re registered with the state, but I didn’t have any state forms to provide so I explained there’s no state tax and the reason I mentioned the may need to register for the city tax exemption was because last year, I was tasked with calling a few cities in Colorado to register for a business license so we could collect city taxes even though the company I work had been registered with the state years prior. I figured the reason I didn’t have any of those documents was because we either didn’t register with the cities or we didn’t need to because we don’t have a location in that city, or state for that matter. Otherwise how else can I explain why I don’t have any paperwork. And it’s not like I could’ve consulted with my manager before responding to the email from accounting because my manager was already gone for the day. After telling me this, he sends an email to Alaska asking if there’s a tax exempt form/certificate that covers all cities in Alaska or if we need one for each city, which to me sounds like what paperwork do we need and how do we get it. Aka registration. The outcome was the same, we’re both unsure whether we need to register, but somehow I’m the one that provided the wrong information.

Posted by admin Rodney

[simplifyworkforce]

Optimizing Supply Chains with VMS Providers and Direct Sourcing 

In today's fast-paced business environment, managing supply chains efficiently is more critical than ever. The right technology can make all the difference, particularly when it comes to contingent workforce management and sourcing strategies. By partnering with a VMS provider and leveraging advanced supply chain management software, businesses can streamline operations, reduce costs, and improve overall efficiency. 

VMS Providers: Enhancing Workforce Management 

A Vendor Management System (VMS) is a crucial tool for businesses that rely on a contingent workforce. VMS providers offer platforms that help organizations manage their external talent, from recruitment to offboarding. These systems provide visibility into workforce activities, ensuring that businesses can track performance, maintain compliance, and optimize their use of contingent labor. 

Working with a VMS provider allows companies to centralize their workforce management, making it easier to oversee all aspects of vendor relationships. This centralized approach not only improves efficiency but also reduces the risk of errors and non-compliance, which can be costly in the long run. By integrating VMS solutions into their operations, businesses can stay agile and responsive in a competitive market. 

Supply Chain Management Software: Driving Operational Excellence 

Supply chain management is a complex process that requires precise coordination and control. Supply chain management software offers businesses the tools they need to monitor, manage, and optimize every aspect of their supply chains. From inventory management to logistics, these software solutions provide real-time insights that help businesses make informed decisions and respond quickly to changes. 

Integrating a VMS with supply chain management software further enhances operational efficiency. By linking workforce management with supply chain activities, businesses can ensure that they have the right people in the right place at the right time. This alignment reduces delays, improves productivity, and ultimately leads to better business outcomes. 

Direct Sourcing: A Strategic Approach to Talent Acquisition 

Direct sourcing is an increasingly popular strategy that allows businesses to source talent directly from their networks, bypassing traditional staffing agencies. This approach not only reduces recruitment costs but also speeds up the hiring process. By building a pool of pre-vetted candidates, companies can quickly fill positions with individuals who are a good fit for their needs and culture. 

When integrated with a VMS and supply chain management software, direct sourcing becomes even more powerful. Businesses can seamlessly manage the entire talent acquisition process, from sourcing candidates to onboarding, while maintaining control over quality and costs. This strategic approach enables companies to build a more agile workforce that can adapt to changing business demands. 

Conclusion 

Incorporating a VMS provider, supply chain management software, and direct sourcing into your business strategy can significantly enhance efficiency and reduce costs. By streamlining workforce and supply chain management processes, businesses can remain competitive and responsive in today's rapidly changing market. The combination of these tools provides a strong foundation for operational excellence and long-term success. 

Book a demo- https://www.simplifyvms.com/demo/

[tyasuite123]

How Vendor Invoice Management Software Transforms Your Business Efficiency

In the modern business landscape, managing invoices can be a daunting task. This is where vendor invoice management software comes into play, revolutionizing how companies handle their invoicing processes. But what exactly is vendor invoice management, and why should your business invest in such a system?

Vendor invoice management software is designed to streamline and automate the entire invoice lifecycle. From receiving vendor invoices to processing payments, this software ensures that every step is managed efficiently. This leads to faster processing times, reduced errors, and improved compliance with regulatory standards.

One of the critical benefits of a vendor invoice management system is its ability to integrate with your existing financial and ERP systems. This seamless integration allows for real-time tracking and management of invoices, reducing the risk of lost or duplicated invoices. Additionally, the software provides robust reporting and analytics features, giving businesses valuable insights into their spending patterns and helping to identify cost-saving opportunities.

The vendor invoice management process is simplified through automation, eliminating the need for manual data entry and reducing the likelihood of human error. This not only saves time but also ensures accuracy, which is crucial for maintaining good vendor relationships and avoiding late payment penalties.

Investing in a vendor invoice management solution can significantly enhance your business’s operational efficiency. By automating repetitive tasks and providing clear visibility into the invoice process, businesses can focus on strategic activities that drive growth and profitability.

In conclusion, vendor invoice management software is a vital tool for businesses looking to optimize their financial operations. By adopting this technology, companies can achieve greater efficiency, accuracy, and financial control, ultimately contributing to their overall success.

[religion-is-a-mental-illness]

By: Adam B. Coleman

Published: May 17, 2024

The law of attraction dictates that you attract what you are, so it is by no coincidence that the Diversity Industrial Complex often attracts con artists.

It’s an industry predicated on siphoning phoning money from gullible corporations who are desperate to project themselves as societal changemakers.

This is how immoral people like ex-Facebook and Nike diversity program manager, Barbara Furlow-Smiles, were able to extract millions of dollars from resource abundant corporations.

Smiles, who led the diversity, equity, and inclusion (DEI) programs for Facebook from January 2017 to September 2021, pleaded guilty in December to a wire fraud scheme that helped her steal more than $4.9 million from Facebook and a six-figure sum from Nike.

Atlanta US Attorney Ryan Buchanan lamented how Smiles was “utilizing a scheme involving fraudulent vendors, fake invoices, and cash kickbacks.”

“After being terminated from Facebook, she brazenly continued the fraud as a DEI leader at Nike, where she stole another six-figure sum from their diversity program,” Buchanan stated.

Smiles used her authority to approve invoices to pay for services and events that never occurred, funneling the money to several personal associates and pay Smiles in kickbacks.

She would later submit fake expense reports claiming her associates completed work for Facebook, such as providing marketing help and merchandise fulfillment.

Smiles’ lavish lifestyle will be replaced with a stiff punishment of five years imprisonment, three years of supervised release and an order to pay back the money she stole from both Facebook and Nike.

There is something apropos about a sham employee like Smiles being able to climb the ranks of a sham sector of corporate America.

Post-George Floyd’s death, business enterprises fell in love with — or were backmailed into — the idea of a marriage between capitalism and social philanthropy.

DEI job positions increased 123% between May and September of 2020, according to Indeed.

It was no longer enough to have financial success in the business environment, they now wanted to become adored by the public — or at least not be accused of white supremacy.

But when you’re desperate for an outcome, there will always be fraudsters waiting to exploit you.

DEI is a sham because you can’t quantify if it’s succeeding. There are never enough programs or seminars or representation — it just keeps expanding.

Smiles likely was able to get away with what she was doing for years at Facebook because DEI is treated like a new romance; constantly given the benefit of the doubt despite their red flags.

Falling for a scam has nothing to do with intelligence or experience; literally anyone can get scammed.

We fall for scams when we become so desperate for an outcome that we’re willing to suspend belief and overlook common sense.

The problem is that ego prevents industry leaders from hearing our warnings about the falsehoods they’re being fed.

People who believe they’re always the smartest ones in the room won’t conceive how they’re being played by ideological nitwit college graduates who are motivated by ending capitalism.

They’re scared of being accused of being racist, and thus surround themselves with con artists who enjoy manipulating their empathy to drain their wealth.

Corporate America loves chasing love; DEI loves their money.

Adam B. Coleman is the author of “Black Victim to Black Victor” and founder of Wrong Speak Publishing. Follow him on Substack: adambcoleman.substack.com.

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See:

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DEI is inherently fraudulent. It's premised upon fraudulent grievance "scholarship," it's unquantifiable, untestable and unfalsifiable, and will accuse you of istaphobism for expecting that its objectives should be quantifiable, testable and falsifiable. Much like traditional religion.

In practice, it's like doing phrenology or dowsing for hidden "bigotry," and "curing" it with more identity homeopathy.

So, it's unsurprising that a fraudulent industry is rife with frauds. We've seen non-stop academic fraud and plagiarism from DEI academics, so we should expect comparable fraud from DEI practitioners.

Interesting how these DEI types are usually raging anti-capitalists, though.

[erp56757]

Streamlining Efficiency: The Rise of Automation in Vendor Invoice Management

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Vendor Management Systems (VMS) or Vendor Management Software (VMS) are at the forefront of this change. These sophisticated tools are designed to enhance accuracy and efficiency, mitigating the risks associated with human error in traditional invoice processing. By seamlessly integrating with existing systems, they empower businesses to centralize and streamline their vendor-related operations.

The benefits are manifold. Automated workflows within TYASuite Vendor Management Systems facilitate swift invoice approvals, reducing processing times and minimizing delays. This, in turn, enhances vendor relationships by ensuring timely payments. Furthermore, these tools offer real-time insights, allowing businesses to make informed decisions based on data analytics.

The future of Vendor Invoice Management lies in automation. Vendor Management Systems, Vendor Management Software, and advanced tools are catalyzing a paradigm shift, enabling organizations to optimize processes, minimize errors, and elevate overall operational efficiency. As businesses increasingly recognize the value of automation, the ascent of these technologies in Vendor Invoice Management is set to continue its upward trajectory.

[beardedmrbean]

Facebook's former diversity program manager has pleaded guilty to stealing more than $4 million from the company through fake business deals in exchange for kickbacks to fund a luxurious lifestyle, federal prosecutors said Tuesday. 

Barbara Furlow-Smiles, 38, served as the lead strategist, global head of employee resource groups and diversity engagement at the social media giant while she orchestrated the scheme, the Justice Department said. From January 2017 through September 2021, she led Diversity, Equity, and Inclusion (DEI) programs at Facebook and was responsible for developing and executing DEI initiatives, operations, and engagement programs.

"Furlow-Smiles used lies and deceit to defraud both vendors and Facebook employees," said Keri Farley, Special Agent in Charge of the FBI's Atlanta office. "The FBI works hard to make sure greed like this doesn’t pay off and those who commit fraud are held accountable."

Furlow-Smiles committed the fraud by linking PayPal, Venmo, and Cash App accounts to credit cards given to her by Facebook and used those accounts to pay friends, relatives, former interns at a prior job, nannies, babysitters, a hairstylist and others for goods and services that were never provided to the company, a federal complaint states.

It was unclear if her associates were being charged in connection with the fraud. 

After those people received the payments, they kicked back a percentage of the funds to Furlow-Smiles, prosecutors said. The kickbacks were paid in cash and through transfers to accounts in various names, including the husband of Furlow-Smiles, prosecutors allege. 

Some of the kickbacks were allegedly paid in cash sometimes wrapped in T-shirts and other items, the FBI said. She also had Facebook hire vendors that were owned and operated by friends and associates who also paid kickbacks, authorities said. 

To conceal the fraud, Furlow-Smiles submitted false expense reports claiming the individuals performed work on Facebook programs and events, the DOJ said. After they were hired, Furlow-Smiles allegedly approved fake and inflated invoices. She received a portion of the money paid to the vendors under the table. 

Furlow-Smiles also misled Facebook into paying money to entities who didn't provide kickbacks, including nearly $10,000 to an artist who created specialty portraits and more than $18,000 to a preschool, the complaint said. 

"Motivated by greed, she used her time to orchestrate an elaborate criminal scheme in which fraudulent vendors paid her kickbacks in cash. She even involved relatives, friends, and other associates in her crimes, all to fund a lavish lifestyle through fraud rather than hard and honest work," U.S. Attorney Ryan K. Buchanan said. 

Furlow-Smiles used the illicit funds to fund a luxury lifestyle in California and Georgia, prosecutors said.