frevvoblog, Author at frevvo Blog

Why the Procure-to-Pay Process is Going Digital

Last Updated on July 18, 2019March 26, 2020 by frevvoblog

As digital transformation sweeps across the globe, organizations are looking to use technology to improve efficiency in all departments. The procurement department, which owns the overall procure-to-pay (P2P) cycle, is no exception. Digital or e-procurement has the potential to hugely impact P2P.

What Is Procure-to-Pay?

Procure-to-pay is an umbrella term for the process of requisitioning, ordering, purchasing, and receiving goods or services for an organization. It’s a standard, necessary part of any business operations that may or may not involve multiple stakeholders depending on the size and hierarchy of the company. The process usually requires a lot of paperwork and time to complete fully.

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HR Automation

Top 7 HR Processes That Are Perfect for Automation

Last Updated on July 8, 2019October 16, 2020 by frevvoblog

Access to world-class talent is the #1 determinant of success in the 21st century. As a result, HR employees have one of the most important roles in every company. They follow employees from the scouting and recruiting process all the way to the employee offboarding process and everywhere in between.

Yet, too many HR departments are swamped with paperwork, taking away valuable time that could be focused on employees. In fact, on average HR employees spend 40% of their time on administrative work, either entering data from one system to another or on other tasks.

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Procurement Automation

Purchase Requisitions: The Definitive Guide

Last Updated on July 5, 2019November 30, 2020 by frevvoblog

A purchase requisition is an internal document that an employee within the business creates to procure goods and services. Note that the purchase requisition is different from the actual purchase order (PO). The requisition serves to obtain approval for the purchase from their manager or a VP before Finance actually issues a PO.

Organizations use the purchase requisition process to control the generation, approval, and tracking of purchase requests. It’s part of the overall procurement process.

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icons representing different types of PTO,

Approval Processes

Complete Guide to an Optimized Leave Management Process

Last Updated on June 25, 2019November 1, 2021 by frevvoblog

A good leave management process keeps operations running smoothly, while also giving employees the chance to take time off when needed.

But this process can become a nightmare for HR without a system in place. Employees aren’t happy either, when they can’t easily submit leave requests or when errors mess with payroll.

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Workflow Automation

12 Crucial Features Your Workflow System Needs

Last Updated on June 21, 2019March 1, 2022 by frevvoblog

Lengthy processing times, high operating costs, continuous errors, frustrated employees — all of these issues stem from inefficient workflows.

Well-defined workflows bring more structure to your business operations. They streamline repetitive tasks and deliver consistent results.

But workflows that are poorly designed and implemented have the opposite effect. When employees don’t know where things stand, they’ll waste time figuring it out. This affects productivity and hinders growth.

So, how do you make your business operations more efficient? How can you replace expensive paper processes with electronic forms and automated workflows?

This article will look at what workflow management is as well as the essential features to look for when choosing a workflow management system to automate your processes.

Click the links below to navigate to the section you want to learn more about:

What Is Workflow Management?
What Is a Workflow Management System?
12 Essential Features of Every Workflow Management System

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Procurement Automation

Top 6 Procurement Risks & How to Alleviate Them for Your Business

Last Updated on June 20, 2019June 4, 2020 by frevvoblog

In life or in business, risk taking has benefits and may even be an essential ingredient of success. Quite the opposite when it comes to procurement – the last thing you want is risk. A smoothly functioning procurement process is standardized and dependable.

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Workflow Automation

75+ Key Business Automation Statistics for 2021

Last Updated on June 17, 2019August 20, 2021 by frevvoblog

Efficiency, productivity, and accuracy help drive growth in organizations, which is why lots of companies are implementing automation tools.

Thanks to automation technology, organizations are reducing repetitive tasks, cutting back errors, and lowering processing costs.

Check out these key business automation statistics to learn more about how organizations are automating workflows for more effective processes.

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Workforce and Skills
Time Management and Productivity
AI and Machine Learning
Workflow Automation
Big Data
Automating Human Resources
Sales and Marketing Automation
Customer Service Automation
Challenges to Automation

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Approval Processes

Taking the Stress out of Taking Vacation

Last Updated on June 14, 2019March 16, 2020 by frevvoblog

Taking vacation is about resting, relaxing and de-stressing. Numerous studies have shown that employees who take vacations get better sleep, have lower risk of heart disease, and come back more motivated to produce amazing new things.

And yet, people are stressed about taking vacation. A survey through Healthline found that ~62% of 2,280 readers said that they experienced “very or somewhat” elevated stress levels during the winter holidays — which means employees came back to work just as stressed as before.

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Procurement Automation

How Purchase Order and Purchase Requisition Templates Help Your Business Succeed

Last Updated on June 13, 2019March 26, 2020 by frevvoblog

Purchase orders (PO) and purchase requisitions are extremely common documents that practically every business uses. They help businesses control costs, ensure that employees cannot bypass business standards and that the business gets the best possible deal. Problems are easier to track down. If the vendor delivers the wrong items, the signed copy of the purchase order proves what the business actually ordered.

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Forms Automation

How Sales Order Form Templates Help Improve Business Efficiency

Last Updated on June 12, 2019April 14, 2020 by frevvoblog

Automated sales orders increase cashflow and let salespeople focus on selling.

Organizations create a sales order form to list the products and services being ordered by a customer. The customer may provide one or more purchase orders (PO) for that purpose.

The sales order is a document that’s created internally by the company so that it may process the order in a controlled manner with the necessary checks, authorizations and signatures in place. Generally, the sales order form includes any associated purchase orders for convenience. In some cases, the sales order may also be sent externally to the client for signature, for example, to formally accept Terms & Conditions.

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