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PayStream Advisors educates and empowers finance and procurement professionals to become agents of change. We provide trusted research, in-depth consulting, and unparalleled educational content to guarantee organizations a competitive advantage.  

 

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Accounts Payable       Procurement       Expense Management

Accounts Payable

"While many of today’s back-office stakeholders want to help their organizations improve spend management, different departments often have siloed, segmented cultures that prevent them from identifying their role in this process. Instead of viewing spend management automation in a holistic, strategic manner, companies see back-office process automation software as piecemeal solutions to very tactical problems. …"


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Understanding Your Role in Your Company’s Overall Business Spend Management
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"Invoice fraud. For many Accounts Payable (AP) teams and Finance managers, it’s a competitor they didn’t know they had—until it’s too late. Every day, perpetrators from outside and inside of an organization use fake, inflated, and duplicate invoices to rob companies of thousands or even millions of dollars in revenue. Not only is invoice fraud …"


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5 Ways to Harness Internal Controls to Prevent Invoice Fraud
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Sourcing and Procurement Data Management Best Practices
Sourcing and Procurement Data Management Best Practices...

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Published June 4, 2018

"Accounts Payable (AP) automation software is one of the best ways to lower processing costs in the back-office, as well as improve staff productivity and a company’s bottom line. However, there are a couple of things that can make or break the success of an automation initiative, like ensuring proper implementation and widespread adoption of …"


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How to Gain Widespread AP User Adoption
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source_to_settle
Guide to Payables Automation
Q2 2018 | Featuring insights on… » Payables Trends Among North American Organizations » Payables Management Goals Among Organizations With $100-500M in Annual Revenue (or the Lower Middle Market) » Features and Functionality of Payables Automation Software for the Lower Middle Market » A F...

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Published May 30, 2018

"An optimal Procure-to-Pay (P2P) process entails synchronization and transparency between back-office finance departments—particularly, Accounts Payable (AP) and Procurement. Unfortunately, in many organizations finance groups operate independently of each other, often reporting poor communication, limited visibility, and strained relationships between teams. Another difficultly that arises from a lack of integration is the inability to accurately measure …"


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Building Stronger Integration Between Procurement and Accounts Payable
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Procurement

2018 Procurement Insight Report
According to PayStream’s latest research, the majority of organizations are managing their procurement under manual processes or with inefficient, outdated technology. Considering the typical purchasing process—involving complex approval workflows, different budgets, thousands of suppliers and s...

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Published June 19, 2018
Guide to Sourcing Automation
2018 Guide to Sourcing Automation Exploring the Value of Electronic Sourcing (eSourcing) Software for Managing Indirect Procurement Underwritten in part by Sourcing helps procurement teams evaluate and engage high-value suppliers, acquire high quality goods and services at competitive prices, and bu...

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Published April 26, 2018

"Artificial intelligence, machine learning, big data. What are these tools and what do they mean for procurement?  Although things like artificial intelligence (AI) are becoming increasingly relevant to back-office automation software, PayStream has found that the average procurement team is often more concerned with controlling spend in their procurement processes than implementing “futuristic” technologies. Fortunately, …"


Live Webinar:
Guide to Big Data Procurement-How to Leverage Modern Technologies to Gain Control Over Indirect Spend
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"Contracts are the lifeblood of many organizations, as much operational and business stability depends on them. However, if contracts are managed on their own, in siloed environments separate from sourcing, procurement, and supplier processes, the valuable data and functional relevance of these documents will be much less effective for ensuring a company’s operational success. Siloed …"


Live Webinar:
From Isolated to Integrated—Removing Silos in Contract Management
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"In today’s business environment, cash is king. While many companies may be profitable, their success and financial stability are more likely to be judged by their ability to generate operating cash flow. In tighter lending environments, a company’s best opportunity to increase operating cash flow is through working capital optimization tools, such as supply chain …"


On-Demand Webinar:
Caring for Cash with Supply Chain Financing
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Benchmarking Procure-to-Pay Transformation
Underwritten in part by Basware Q1 2018 | Featuring insights on… How to Approach Procure-to-Pay (P2P) Automation Based on the Current P2P State Benchmarking Procure-to-Pay Transformation P2P Automation Adoption Trends P2P Current State Benchmarks Strategies for Leveraging P2P Automation Accord...

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Published February 8, 2018

Expense Management

Case Study: Nivo1 | A Real-World Example of an Invoice Management Transformation
This case study offers a real-world example of an invoice management transformation. Features North American insurance company, EMPLOYERS, and Accounts Payable (AP) software provider, Nivo...

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Published April 13, 2018

"Most businesses have customer relationship management (CRM) systems, which contain large volumes of data relating to sales activities and revenue generation. Many businesses also have expense management solutions, which similarly hold large amounts of information regarding employees’ travel and expense (T&E) expenses. Ideally, the combined data stored in these two solutions could reveal a wealth …"


On-Demand Webinar:
Gaining Insight Into the ROI on T&E Spend
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expense management metrics
2017 Travel and Expense Management Report
Underwritten in part by Certify, Chrome River, Coupa, Paramount Workplace, SutiSoft and Traxo Q4 2017 | Featuring insights on: Current Expense Management Trends Among North American Organizations Benefits of Automating Expense Management Processes Features and Functionality of Leading TEM Solutions...

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Published December 22, 2017
Modern Travel Booking
Underwritten in part by Traxo Q4 2017 | Featuring insights on: Modern Travel Booking Management Trends Among North American Organizations Features and Functionality of Online Booking Tools (OBTs) Best Practices for Managing an Automated Travel Booking Program Additional Strategies for Improving Trav...

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Published December 18, 2017

"Automating expense reporting is one of the most important ways to control costs in the back office, and the travel and expense management (TEM) software options that enable companies to do this are plentiful. However, to truly optimize the expense reporting process in accordance with an organization’s unique business environment requires more than a quick …"


On-Demand Webinar:
How to Optimize Expense Management
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5 + 1 Things to Do to Kickstart Shared Services
So, you’re considering implementing a shared services center? By now, you’ve probably recognized the benefits of integrating and consolidating your back-office departments, such as increased visibility into financial processes like procurement and accounting. Or the standardization of processes,...

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Published October 5, 2017

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