Costs of manual vs EDI procurement: A comparison

Placing orders Think of a company that issues thousands of purchase orders a month. They’ll likely receive at least one invoice for every purchase order issued. Let’s look at the process for this simple scenario: Buyer manually enters the purchase order in their software Buyer sends order to supplier via email Supplier manually enters the [...]
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EDI more than just automating your supply chain.

Looking for ways to improve processes is critical to any business, particularly in the areas of efficiency and cost reduction. Electronic Data Interchange (EDI) allows the exchange of business information directly between the software of your business and your customers and suppliers. It automates unnecessary manual processes while streamlining supply chain transactions. Companies commonly implement [...]
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Payroll legislation changes now include businesses with under 20 employees

The ATO recently introduced new legislation to mandate Single Touch Payroll (STP) reporting for all business in Australia, after a successful rollout to businesses with over 20 employees. This change in legislation is expected to impact around 700,000 small businesses. What is Single Touch Payroll (STP)? STP reporting was brought into place to make interactions [...]
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