Software: It’s a buyers’ market
Many IT departments have taken a big hit during the economic downturn, and your tech guys probably aren’t happy about having to push projects to the back burner. The risk: Your organization gets...
View ArticleThe worst IT buying blunders
Someone once said, “If a small business makes a mistake in buying software, it could be their last mistake.” Actually, there are five common mistakes, and any one of them can be a killer. 1. Not being...
View ArticleBeware of cloud services contracts
Your IT team may have sold you on the savings they’ll realize from using cloud computing technology, but be careful about letting them sign cloud vendor contracts. There are some risks you’ll want to...
View ArticleYour supplier offers you a discount … should you take it?
It’s not always financially smart to jump on every discount offered by suppliers, but does your finance staff understand that? Companies usually embrace one of two schools of thought on prompt-pay...
View ArticleTake a financial management cue from the feds? Really?
The federal government has shown it’s far from the model of sound financial management, especially in the last few weeks. But it does have one good idea you might just want to follow. The U.S. Treasury...
View ArticleDealing with 3 common vendor complaints
Staying on top of vendor complaints and paperwork is more than enough to soak up the hours in your Finance crew’s day. But are all your vendors a problem, or can you winnow it down to a few bad apples...
View ArticleBusiness alert: Rough winter predicted
Accu-Weather is giving a heads-up: Expect a lot of the wet and white stuff come January for much of the nation. And that could affect business operations for those who aren’t prepared. Last year’s...
View ArticleNegotiating for tech needs: 3 essentials
Any negotiation with tech vendors should cover these three needs. IT management expert Bill Peldzus told Computerworld, “Lowest price isn’t enough of a goal if an IT contract doesn’t include all of the...
View ArticleA new method to make sure you get good vendors
Of course your Finance department uses a credit application to gauge the risk of potential customers before you take them on. But what about your company’s vendors? A vendor who comes up short on...
View ArticleVetting vendors: How and why to do it
New customers often have to provide you with lots of financial info to prove they’re credit-worthy. But what about the companies you buy from on a regular basis? More and more firms want to make sure...
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