The way the Accounts Payable, AP, department processes invoices affects business performance. While the manual invoice management method works, it tends to be time-consuming, tedious and less reliable.
How many times during the day do we multitask? We are so used to multitasking that we most probably do not even count. The problem is that unstructured work on parallel tasks often brings significant productivity loss that effects on all our daily activities and results generally. Some of the negative consequences of multitasking are:
A workflow diagram visually depicts steps and actions that define a process and how it should be accomplished. It shows how data and tasks flow through the steps, whether this is accomplished by humans or by machines, and it also shows under which conditions the process is allowed to continue forward. The flowchart is an example of a workflow diagram, but it’s not the only way workflows can be visualized.
We live in a world where keeping track of everything is very important when minimizing costs, reducing employee turnover, and maximizing the customer experience. Resource management will help you do all of these things. The definition of resource management is broad and includes all of the information needed both to keep track of internal actions that are vital to the operation of the business and to run customer accounts. Let’s have a look on each part separately.(more…)
Task management is the act of managing a task from start to finish. The task management definition is broad but specific in regards to certain steps that are involved. These steps include the planning of the task, testing, tracking progress, and reporting the results. Task management helps individuals and groups meet goals by setting personal or collective milestones.(more…)