BPO or Business Process Outsourcing is the combination of people, process, and technology to provide the best customized solution. At ARDEM, we utilize our deep industry knowledge and expertise to not only bring you the best ROI, but also an increase in productivity.
Accounts payable is a critical component of any business operation. It involves managing outstanding financial obligations to suppliers and vendors, including invoices, bills, and payments. The accuracy and speed of theaccounts payable process can significantly impact business performance and relationships with suppliers. Read More
As businesses grow, managing finances becomes increasingly complex, especially the accounts payable function. Accounts payable management, from invoice processing to handling relationships with vendors, requires dedicated and a significant amount of time and resources. That’s where accounts payable Automation helps businesses. Read More
Invoice processing is crucial in a company’s accounting system as it impacts cash flow and financial reporting directly. Invoices must be processed and recorded accurately in a company’s accounting system to manage its accounts payable and draft accurate financial statements. Read More
Accounts Payable trends transforming companies’ finances today. Businesses need to be ready for significant changes in the accounts payable industry. In 2023, technology improvements and upgrades are on the focus of companies across industries as technology continues to be a driver of growth for today’s successful businesses.Read More
Accounts Payable function plays a crucial role in ensuring organizational financial well-being. It is widely acknowledged that manual AP processing leads to a slower process, lost documents, data inaccuracy, poor supplier relationships, and loss of benefits from vendors. Manual AP processing is not just costly but also exposes the cash flow to imminent risk. In fact, some research reveals that the average cost of single invoice processing manually is around$15. Surprisingly, it can be as high as $40 in some cases.Read More
The IMARC Group has released its latestreport on the Automatic Identification and Data Capture (AIDC) market. As per the report, the market size for AIDC reached US$ 49.8 billion in 2022. The report further predicts that the market will grow at a compound annual growth rate (CAGR) of 12.6% from 2023-2028 and is expected to reach US$ 106.5 billion by 2028. Read More
Accounts payable outsourcing can help companies to overcome many challenges, including manual data entry, invoice approval delays, errors or duplicate invoices, compliance issues, inefficient workflow, etc. Accounts payable outsourcing companies implement strategies to overcome such challenges, such as investing in automation. Read More
As the world’s largest economy and most influential country, the United States has a strong impact on global markets. In addition to being an important trading partner for many countries around the world, it also plays an influential role in international politics and military affairs. The US utilities industry is one of the largest sectors within its economy by revenue, accounting for more than$424 billion annually. Read More
Businesses are increasingly relying on outsourcing companies to manage some of their tasks and help them with better productivity and enhanced decision-making. It is natural for companies managing their in-house teams to be skeptical about outsourcing their tasks to third-party service providers. They may hesitate on various aspects such as compliance, efficiency, or security. Read More