IntelliChief Blog

How to Determine Your Cost to Process a Single Invoice

Does your organization know how much it costs to process a single invoice? At first glance, this figure might seem too granular and specific to be of any value. After all, your organization probably understands the difference between its revenue and expenditures. But upon closer inspection, determining your cost to process a single invoice can […]

Top 5 Reasons to Automate Invoice Processing

Businesses around the globe process billions of invoices annually. As the process of purchasing materials and goods is refined and streamlined, this volume is only increasing. In fact, recent studies suggest that the volume of invoices received is likely to quadruple over the next decade. For this reason, many businesses are eager to automate invoice […]

Who Should You Include in the Enterprise Software Selection Process?

In an increasingly technology-dependent world, change is always on the horizon. Your organization has spent years, possibly even decades, working diligently to achieve success. Your people, processes, and customers are a direct result of your organization’s ability to adapt and thrive, but when the playing field is no longer level, it’s time to innovate before […]

How to Conduct a Remote Audit

Most audits are conducted on-site, not because it’s practical or convenient but because it has become customary over the years. Since the dawn of accounting, in-person audits have become a facet of doing business that we begrudgingly accept. In fact, most companies conduct internal audits to be 100 percent certain that they are maintaining compliance […]

How to Improve Asset Turnover Ratio With Sales Order Processing Automation

Getting more products out the door more quickly lets you maximize your assets. It’s a universal objective shared by everyone from Finance to Operations — and it’s your competitors’ objective, too. Everyone knows you need to spend money to make money, but determining exactly how much revenue each asset generates can be a challenge. Fortunately, […]

Improving Collaboration in a Multi-Location Office

That deadline is tomorrow? Wait — John was supposed to be working on that! Nothing causes your heart to drop quite like realizing a soon-to-be-due project has fallen through the cracks. That said, keeping everyone up to date is easier said than done, especially in companies where different departments work in different locations. Multi-Location Offices: […]

Is an Invoice Management System Right for Your Business?

If you were to ask 100 companies if they would like to reduce their invoice processing costs, there is a high probability that 99 of them would say “yes.” And the one that says no? They’ve probably started their invoice automation journey already — with a full invoice management system implemented and operable. For businesses […]

How to Avoid Unforeseen Human Resources Costs

Is your organization looking for a way to reduce HR costs and improve productivity? There are many unforeseen Human Resources costs that businesses fail to account for. Everything from failing to upgrade your HCM system to utilizing a paper-based filing system can leech time and money from your HR department. If you want to cut […]

What Is a Single Source of Truth (SSOT)?

How do you manage the data generated throughout your organization? Many companies utilize various systems of record to help store and manage this information, but it’s less often that these systems are truly integrated to facilitate data-driven decisions. For this reason, many organizations are moving toward a single source of truth (SSOT) model. Unifying Data […]

3 Tips for Dealing With an Increasing Accounts Payable Invoice Volume

Are your Accounts Payable queues overflowing with invoices? You’re not alone. Many businesses have trouble keeping up with high invoice volume, and this problem is only compounded when that volume starts to increase. This article discusses five tips for dealing with an increasing Accounts Payable invoice volume. Don’t let high invoice volume overwhelm your team! […]