article thumbnail

Why SAP ERP Makes Sense for Pharmaceutical Manufacturing

Navigator SAP

Legacy software systems no longer make sense for life sciences businesses, especially those in Pharmaceutical manufacturing. Legacy software doesn’t serve life sciences businesses well, be they biopharmaceutical makers or those manufacturing medical devices today. Data is siloed, hard to update, and time-consuming to store or use.

article thumbnail

How Three-Way Invoice Matching Automation Safeguards Retailers’ Revenues

PYMNTS

Invoice inaccuracies caused by either honest mistakes or deliberate fraud quickly add up if not caught and corrected, and unexpected monetary drains cause budgets to fall short of projections. Three-Way Invoice Matching. Forry noted that automating invoice processing and using three-way matching help prevent billing mistakes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why Data is So Important to Manufacturing Budgets

Centage

Technology has been a boon for manufacturing in a million different ways – from online ordering, to faster invoicing, to optimizing sales teams. While all of this data helps manufacturing companies to be more efficient, when it comes it comes to creating a manufacturing budget , data is also just as critical.

article thumbnail

Inventory Management in Manufacturing

VCFO

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result.

article thumbnail

Invoice Finance Steps Into The Business Recovery Conversation

PYMNTS

Connecting B2B vendors to financing on their unpaid invoices can grant them the financial stability they need to keep trade flowing, but it comes with its own set of challenges — both for the vendor and financiers. “Invoice finance is a very effective way for suppliers to obtain fast and affordable working capital,” he said.

article thumbnail

Brexit Raises The Stakes For B2B Payments Fraud

PYMNTS

Six months in prison will be served by the CEO of a children's apparel company after being found guilty of invoice fraud, a notice from the U.S. According to the DOJ, the CEO was involved in a scheme in which the executive intentionally understated the value of goods on an invoice in order to avoid custom duties owed to the U.S.

B2B 116
article thumbnail

Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

PYMNTS

One way to secure funding is to use invoice financing. USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2