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kapittx · 3 months

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How Can Gen AI Revolutionize Your Accounts Receivable Process?

The advent of Generative AI (Gen AI) heralds a paradigm shift in the landscape of Finance and Accounting (F&A). Much like the introduction of spreadsheets as a product innovation decades ago, finance professionals were quick to embrace and derive immense benefits from the use of spreadsheets.

Gen AI in Finance and Accounting emerges as a potential game-changer, poised to revolutionize traditional practices within the realm of F&A and invoice payments. However, for this potential to be realized, CFOs must demonstrate openness to experimentation, allowing themselves to explore the tangible impact of Gen AI in Finance and Accounting functions.

Embarking on this journey necessitates a focused exploration of Gen AI’s applicability, particularly within accounts receivable management and invoice payments. By delving into this domain, CFOs can gain firsthand insight into the transformative power of Gen AI in Accounts Receivable. As with any strategic business investment, it is prudent to assess the anticipated returns and the timeframe within which these benefits can be realized.

In essence, embracing Gen AI in accounts receivable and invoice payments represents not only a technological advancement but also a strategic imperative for forward-thinking finance leaders. By embracing innovation and fostering a culture of experimentation, organizations can unlock unprecedented efficiency, agility, and competitive advantage in the ever-evolving landscape of finance and accounting.

How Can Gen AI Revolutionize Your Accounts Receivable Process?

Irrespective of the organization, to ensure optimal efficiency within the accounts receivable function and to explore the potential of integrating Gen AI powered Accounts receivable, it is essential to adopt a strategic approach centered around four key building blocks. These pillars serve as the foundation for effective management and innovation in accounts receivable:

Receivable Antecedents :

This encompasses the meticulous orchestration of all preliminary tasks necessary to establish a receivable. From the initial engagement with clients to the negotiation of terms, to the careful documentation of agreements, each step in this process demands precision and foresight. Building strong receivables antecedents lays the foundation for smooth transactions, timely invoice payments and ensures a robust financial framework

They include:

Customer Onboarding: Accurate customer data collection, credit checks, and setting credit limits.

Sales Order Processing: Efficiently converting orders into invoices.

Contractual Agreements: Clear terms and conditions regarding payment terms, discounts, and penalties.

Order Fulfillment: Ensuring timely delivery of goods or services.

Timely Invoicing: Generate invoices promptly after goods/services are delivered.

Clear and Accurate Invoices: Ensure clarity, itemization, and correct pricing.

Invoice Presentment and Reminders:

In the dynamic landscape of revenue management, the presentation of invoices holds paramount importance. It transcends beyond mere documentation; it embodies the essence of your transactions, encapsulating the value exchanged with your clients. Your approach to invoice presentment and invoice payments is characterized by clarity, accuracy, and timeliness. Moreover, one need to recognize the strategic significance of reminders in facilitating prompt invoice payments. Through proactive communication and gentle nudges, you endeavor to uphold transparency, nurture client relationships, and optimize cash flow dynamics.

This step involves creating and delivering invoices to customers:

Multiple Channels: Offer electronic and paper-based invoice delivery to facilitate invoice payments.

Standard Payment Reminder Schedule:

o Set a consistent schedule for sending payment reminders. This helps maintain clarity and predictability for both you and your clients. o Send reminders before the due date to gently prompt clients to pay on time. o Issue reminders close to the actual due date to emphasize the urgency.

• Personalized Reminders:

o Customize your reminders to suit each client. Address them by name and include relevant details. o Personalization shows that you value the relationship and encourages prompt payment.

• Politeness and Professionalism:

o Maintain a polite and professional tone in your reminders. o Avoid threatening language or negativity that could harm the client relationship. o Clearly state the purpose of the reminder and the essential details, such as the invoice number, amount due, and due date.

Collaboration :

Collaboration lies at the heart of your approach, both externally with your valued customers and internally among your team members and departments. Externally, effective collaboration involves understanding your clients’ needs, communicating transparently, and working together to resolve any issues or discrepancies promptly. Internally, collaboration ensures alignment across functions, streamlines processes, and maximizes efficiency, ultimately leading to superior customer service and satisfaction.

Effective communication is crucial:

Customer Communication: Regular follow-ups, addressing queries, and resolving disputes.

Internal Coordination: Collaboration between sales, finance, and customer service teams.

Dispute Resolution: Swiftly address any discrepancies.

Payments and receipt management :

Efficient management of invoice payments and receipts is essential for maintaining cash flow and optimizing financial performance. This includes implementing secure and convenient payment channels, diligently tracking incoming payments, and promptly reconciling accounts. By prioritizing invoice payments and receipt management, you can minimize delays, mitigate risks, and ensure the stability and resilience of our financial ecosystem.

Efficient handling of incoming invoice payments:

Payment Channels: Accept various methods (credit cards, bank transfers, etc.).

Reconciliation: Match payments with outstanding invoices.

Cash Application: Apply payments accurately to the correct accounts.

What are the building blocks of Gen AI in Accounts Receivable?

Overall, Gen AI in accounts receivable encompasses a wide range of capabilities making it a versatile tool for various applications across different domains. A few of the core building blocks are –

Data Generation: Gen AI In accounts receivable, can generate synthetic data to augment existing datasets used for training predictive models. For example, it can create simulated customer invoice payments histories, including variations in payment amounts, frequencies, and timing. This synthetic data allows organizations to train their models more comprehensively, improving the accuracy of predictions regarding future payment behavior.

Data Conversion: Gen AI in accounts receivable can facilitate the conversion of data between different formats in the accounts receivable process. For instance, it can automatically convert paper-based invoices into digital formats by extracting relevant information such as invoice numbers, amounts, and due dates using optical character recognition (OCR) technology. This conversion streamlines the invoicing process, reducing manual effort and minimizing errors.

Data Categorization: Gen AI in accounts receivable, can categorize transactions based on various criteria such as invoice payment methods, customer segments, or invoice statuses. For example, it can automatically classify incoming invoice payments as cash, checks, or electronic transfers, allowing finance teams to track payment trends and reconcile accounts more efficiently. By categorizing transactions accurately, Gen AI powered accounts receivable enhances data organization and facilitates deeper insights into receivables management.

Advisor Functionality: Gen AI in accounts receivable serves as an intelligent advisor by providing actionable insights and recommendations based on analyzed data. For example, it can identify patterns of late invoice payments or discrepancies in invoicing that may indicate potential issues with specific customers or billing processes. By alerting finance teams to these anomalies, Gen AI powered accounts receivable enables proactive intervention to mitigate risks and optimize cash flow management.

Overall, Generative AI enhances the efficiency and effectiveness of accounts receivable operations by generating data, facilitating data conversion, categorizing transactions, and providing intelligent advisory support. By leveraging Gen AI capabilities, organizations can streamline receivables management processes, improve decision-making, and ultimately enhance financial performance.

#ar automation solution #AI in Accounts Receivable #ar collection #Payment Reminder #cashflow management #AI In Finance & Accounting

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artisticdivasworld · 3 months

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Facts About Factoring That Could Cost You Money

Photo by Mikhail Nilov on Pexels.com Factoring, a financial transaction where a business sells its accounts receivable to a third party (the factor) at a discount, can be a lifeline for businesses in need of immediate cash flow. However, while factoring can provide crucial short-term financial relief, there are aspects of it that could end up costing your business more money than anticipated.…

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prombs789 · 8 months

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#best medical billing and coding solutions in usa #top physician credentialing company in usa #medical revenue cycle management service usa #accounts receivable management services #best medical billing and coding audit service usa

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zerobooks0 · 1 year

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myndsolution1 · 1 year

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MYND offers efficient and reliable accounts payable management services that help businesses streamline their payment processes, reduce costs, and improve cash flow. Our team of experts uses advanced technology and proven methodologies to automate and optimize accounts payable workflows, ensuring timely payments, accurate record-keeping, and compliance with regulatory requirements. With MYND's accounts payable management services, businesses can focus on core activities and achieve greater efficiency and profitability.

#account payable management #account payable management services #accounting and bookkeeping services #accounting services for MSME #accounts payable software #accounts payable automation software #accounts payable automation solutions #accounts payable business process outsourcing #accounts payable outsourcing #accounts payable outsourcing in India #accounts payable outsourcing services #accounts payable vendor management #accounts receivable automation software #accounts receivable management software #accounts receivable outsourcing services

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health-ecare · 4 months

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Worrying About Negative Cash Flow?

At e-care India, the healthcare accounts receivable management experts address difficulties that occur in cash flow. The aim is to recover the money owed to the client as soon as feasible. We aim to boost cash flow and decrease the accounts receivable days by submitting error-free clean claims, proper analysis of denied claims following up with insurance companies and patients on unpaid claims and dues regularly.

#accounts receivable management services #accounts receivable management companies #accounts receivable management solutions

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copperbadge · 13 days

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I have a lot of feelings about the use of AI in Everything These Days, but they're not particularly strong feelings, like I've got other shit going on. That said, when I use a desktop computer, every single file I use in Google Drive now has a constant irritating popup on the right-hand side asking me how Gemini AI Can Help Me. You can't, Gemini. You are in the way. I'm not even mad there's an AI there, I'm mad there's a constantly recurring popup taking up space and attention on my screen.

Here's the problem, however: even Gemini doesn't know how to disable Gemini. I did my own research and then finally, with a deep appreciation of the irony of this, I asked it how to turn it off. It said in any google drive file go to Help > Gemini and there will be an option to turn it off. Guess what isn't a menu item under Help?

I've had a look around at web tutorials for removing or blocking it, but they are either out of date or for the Gemini personal assistant, which I already don't have, and thus cannot turn off. Gemini for Drive is an integrated "service" within Google Drive, which I guess means I'm going to have to look into moving off Google Drive.

So, does anyone have references for a service as seamless and accessible as Google Drive? I need document, spreadsheet, slideshow, and storage, but I don't have any fancy widgets installed or anything. I do technically own Microsoft Office so I suppose I could use that but I've never found its cloud function to actually, uh, function. I could use OneNote for documents if things get desperate but OneNote is very limited overall. I want to be able to open and edit files, including on an Android phone, and I'd prefer if I didn't have to receive a security code in my text messages every time I log in. I also will likely need to be able to give non-users access, but I suppose I could kludge that in Drive as long as I only have to deal with it short-term.

Any thoughts, friends? If I find a good functional replacement I'm happy to post about it once I've tested it.

Also, saying this because I love you guys but if I don't spell it out I will get a bunch of comments about it: If you yourself have managed to banish Gemini from your Drive account including from popping up in individual files, I'm interested! Please share. If you have not actually implemented a solution yourself, rest assured, anything you find I have already tried and it does not work.

#google #gemini #it should be illegal to add features to an app that you can't turn off

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blogborsa · 10 days

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CREVH - GOLD

QuickBooks is a renowned accounting software that offers a seamless solution for small businesses to manage their financial tasks efficiently. With features designed to streamline accounting processes, QuickBooks simplifies tasks such as tracking receipts, income, bank transactions, and more. This software is available in both online and desktop versions, catering to the diverse needs of businesses of all sizes. QuickBooks Online, for instance, allows users to easily track mileage, expenses, payroll, send invoices, and receive payments online, making it a comprehensive tool for financial management. Moreover, QuickBooks Desktop provides accountants with exclusive features to save time and enhance productivity. Whether it's managing income and expenses, staying tax-ready, invoicing, paying bills, managing inventory, or running reports, QuickBooks offers a range of functionalities to support businesses in their accounting needs.

Utilizing qb accounting software purposes comes with a myriad of benefits that can significantly enhance business operations. Some key advantages of using QuickBooks include:

- Efficient tracking of income and expenses

- Simplified tax preparation and compliance

- Streamlined invoicing and payment processes

- Effective management of inventory

- Generation of insightful financial reports

- Integration with payroll and HR functions

These benefits not only save time and effort but also contribute to better financial decision-making and overall business growth. QuickBooks is designed to meet the diverse needs of businesses, offering tailored solutions for various industries and sizes.

When considering accounting qb software options, QuickBooks stands out as a versatile and comprehensive choice. To provide a holistic view, let's compare QuickBooks with two other popular accounting software options - Xero and FreshBooks. quick book accounting package and offers robust features for small businesses, including advanced accounting capabilities, invoicing, payment processing, and payroll management. Xero, on the other hand, is known for its user-friendly interface and strong collaboration features, making it a popular choice among startups and small businesses. FreshBooks excels in invoicing and time tracking functionalities, catering to freelancers and service-based businesses. By evaluating the features, pricing, and user experience of these accounting software options, businesses can make an informed decision based on their specific needs and preferences.

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kapittx · 6 days

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Securing B2B Enterprise SaaS Subscription Payments On Time

The global B2B SaaS market is projected to experience significant growth from 2024 to 2032. This expansion is driven by the rising demand for cloud-based software solutions that enhance business efficiency and cost-effectiveness.

The B2B SaaS industry offers a variety of solutions, including Customer Relationship Management (CRM), Human Resources (HR), Enterprise Resource Planning (ERP), and project management software. These tools are designed to automate and streamline business operations, foster collaboration, and boost productivity.

Based on the size of the target customers, broad-level go-to-market (GTM) segmentation for B2B SaaS subscription management includes:

Small and Medium Enterprises (SMEs)

Mid-Market

Large Enterprises

For SaaS subscription payments, SMEs are typically willing to use credit cards to access B2B SaaS products. However, Mid-Market and Large Enterprises often prefer to operate on credit terms, which necessitates managing accounts receivable.

Accounts Receivable Challenges for SaaS Companies

Running a B2B SaaS Subscription management business is incredibly challenging. In today’s hyper-competitive market, in your SaaS subscription business, you must manage multiple aspects such as onboarding, adoption, upselling, customer success, retention, and churn.

The last thing you want to worry about is accounts receivable management.

This is particularly true for enterprise SaaS companies, where users often do not provide credit card details for auto-debit transactions. Consequently, you are compelled to offer ‘invoice payment’ terms. This means, similar to traditional businesses, you invoice clients and typically collect payment 30 days later, hoping the customer pays on time.

1. Order Management

Enterprise customers typically issue a Purchase Order (PO) for any product or service, and B2B SaaS subscriptions are no exception. These POs capture deliverables and commercial terms that should be thoroughly examined before acceptance.

Payment terms may include milestone payments for integration and onboarding, the start of the go-live subscription, and usage-based rates. It’s important to note that customers rely on their internal documents for commercial and payment terms, not just your published plan.

As your business grows and the number of orders increases, tracking SaaS subscription milestone payments can become overwhelming and time-consuming. Implementing an order-to-cash and subscription management tool like Kapittx can significantly streamline this process and support your growth.

2. B2B SaaS Subscription Billing Challenges: Tracking Billing Schedules:

Managing B2B SaaS subscription billing schedules requires attention to detail, clear communication with customers, and the right tools. By leveraging subscription billing tracking solutions like Kapittx, companies can streamline their processes, reduce errors, and ensure timely payments.

A. Diverse Billing Plans:

B2B SaaS subscription companies offer various billing plans to accommodate different customer needs. These plans can include monthly, quarterly, bi-annually, or yearly billing cycles. Each billing plan has its own set of terms and conditions, affecting the frequency and timing of payments.

B. Go-Live Dates vs. Billing Dates:

Some SaaS companies tie billing dates to the go-live dates of their services. For example, if a customer’s software implementation goes live on the 15th of the month, their billing cycle might start from that date. However, other companies have a policy of billing for the entire month, regardless of the go-live date. This can lead to confusion and misalignment between service usage and billing periods.

C. Customer-Specific Billing Dates:

Different customers may have unique billing dates based on their contract terms or historical preferences. Managing multiple billing schedules simultaneously can become complex, especially when dealing with a large customer base.

D. Subscription Billing Tracking Tools:

Implementing a robust subscription billing tracking tool can streamline the entire process. Such tools can:

Centralize Billing Information: Store billing details for each customer, including billing frequency, due dates, and payment history.

Automate Reminders: Send automated reminders to customers before their payment due dates.

Generate Invoices: Create accurate invoices based on the billing plan and customer-specific terms.

Handle Prorated Charges: Manage mid-cycle changes (e.g., upgrades, downgrades) and calculate prorated charges accordingly.

3. The Importance of Timely Invoicing in B2B SaaS Subscription management:

Timely invoicing not only ensures smoother financial operations but also fosters positive relationships with your customers. Enterprises follow specific payment processing cycles, often with a credit period that extends a certain number of days after the invoice date. If you issue the invoice late, it directly impacts the payment processing timeline. Late invoices lead to delayed payments.

For SaaS subscription companies, maintaining healthy cash flow is essential. Timely payments from customers contribute significantly to this. Late payments can disrupt financial planning, hinder growth, and strain operational resources.

Avoiding Payment Delays – When you bill on time, you increase the chances of receiving payments promptly. Late invoices may result in delayed approvals, additional processing time, and potential disputes.

Monthly billing cycles can be particularly tricky. Missing a billing cycle means you might end up submitting two months’ worth of invoices simultaneously. This situation can confuse customers and create administrative challenges.

With Kapittx a b2b SaaS subscription management proactively monitor SaaS subscription billing due dates closely. You can maintain a billing calendar that tracks all customer invoices that Include billing dates, due dates, and follow-up actions.

4. Raising Correct Invoices for B2B SaaS Subscriptions

Accurate and transparent invoicing contributes to a smoother billing process and fosters positive relationships with your customers.

Many SaaS subscription plans are based on usage metrics. These metrics could include the number of users, data consumed, or other measurable factors. For example, a company might pay based on the number of active users or the volume of data processed through the SaaS platform.

Differential user rates add complexity to billing. Some users may be on a basic plan, while others might have access to premium features. Managing these variations accurately is crucial to avoid disputes and ensure fair billing.

Transparency about user counts and consumption is vital. Customers should easily verify the details on their platform. Providing clear usage reports or dashboards helps build trust and minimizes billing discrepancies. When generating invoices, ensure that they reflect the actual usage and user rates.

Consequences of Ineffective arm accounts receivable management leading to accounts receivable challenges can be due to an inadequate AR process which can trigger a cascade of issues:

5. Dynamic price changes

Enterprise SaaS subscription plans may have a base plan for X users and a pre-agreed rate for additional users. Further some deals which are long-term could have pre-agreed price escalation clauses. All these complexities need a sophisticated SaaS Subscription Management system.

Challenges in SaaS Subscription Receivables Management

High Days Sales Outstanding (DSO):

DSO measures the average number of days it takes to collect payment from customers after a sale. Slow payment from customers can strain a company’s cash flow and profitability.

Management Time and Efficiency:

Managing accounts receivable can be time-consuming, especially when processes are inefficient or manual.

Delays in Invoice Submission:

Timely invoice submission is essential for prompt payment. Identifying bottlenecks that impact invoice submission is critical.

Streamlining SaaS Subscription Payments with Kapittx

Kapittx offers innovative solutions to address these challenges:

Automation: Kapittx replaces manual processes with automation, reducing the time spent on routine tasks. It streamlines invoice submission, payment reconciliation, and alerts.

Integration: By integrating Kapittx with your ERP Billing platform, you create a seamless flow of information. Alerts for delays, risks, and other critical events are delivered in real time.

Complete Control: Kapittx provides end-to-end visibility into the invoice-to-cash lifecycle. You gain control over receivables, ensuring timely collections and minimizing financial risks2.

In summary, Kapittx not only helps manage SaaS subscriptions efficiently but also empowers you with better control over your accounts receivable processes. Feel free to explore Kapittx further to optimize your financial stability

Click here to see a case study from Kapittx.

Request a demo today.

Check out Kapittx’s LinkedIn here.

#ai in accounts receivable #ai powered accounts receivable #ar management #cashflow management #accounts receivable automation software #ai based accounts receivable #ar collection #ar automation solution #ar tool

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artisticdivasworld · 3 months

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The Strategic Advantage of Outsourcing Accounts Receivable

Photo by Tima Miroshnichenko on Pexels.com In today’s competitive business landscape, managing accounts receivable (AR) efficiently is crucial for maintaining healthy cash flow and ensuring business sustainability. Recognizing this, many companies, including industry leaders like Swift, Invensis, FedEx Corporation, United Parcel Service, Inc. (UPS), Penske Logistics LLC, and XPO Logistics, are…

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impankajkk · 2 years

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#online training #S4Hana FSCM online training by Proexcellency.#FSCM improves the efficiency of the accounts receivable and accounts payable teams #improving the business's cash flow. SAP Financial Supply Chain Management suite of modules and applications provides a solution to improve #managing billing disputes #collections management #and credit risk management.#Following are the Modules of FSCM :#- SAP Treasury and Risk Management (FIN-FSCM-TRM)#- SAP Biller Direct (FIN-FSCM-BD)#- SAP Cash and Liquidity Management (FIN-FSCM-CLM)#- SAP Collections Management (FIN-FSCM-COL)#- SAP Credit Management (FIN-FSCM-CR)#- SAP Dispute Management (FIN-FSCM-DM)#- SAP In-House Cash (FIN-FSCM-IHC).#- SAP Bank Communication Manager (FIN-FSCM-BCM)#Functions of FSCM:#1. Electronic Bill Presentment and Payment #2. Collections Management #3. Credit Management #4. Dispute Management #For Joining training batches #please feel free to call or email us.#Email: [email protected]#[email protected]#Phone : +91- 9008906809 #08041506795 #Website: https://www.proexcellency.com/products/sap-s4-hana-fscm-online-training

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river-taxbird · 4 months

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Have YOU got an old Windows PC Microsoft has told you can't run Windows 11? It's time to give it a new life!

How to install Windows 11 on unsupported PC Hardware using Rufus. You can also disable some other Windows 11 bullshit like data harvesting and needing a Microsoft account.

It has been in the news a lot lately that Windows 11 isn't allowed to be installed on PCs without certain requirements, including the TPM 2.0, a chip that was only included in PCs made in 2018 or later. This means that once Windows 10 stops receiving security updates, those PCs will not be able to (officially) run a safe, updated version of Windows anymore. This has led to an estimated 240 million PCs bound for the landfill. Thanks Microsoft! I get you don't want to be seen as the insecure one, but creating this much waste can't be the solution.

(I know nerds, Linux is a thing. I love you but we are not having that conversation. If you want to use Linux on an old PC you are already doing it and you don't need to tell me about it. People need Windows for all sorts of reasons that Linux won't cut.)

So lately I have been helping some under privileged teens get set up with PCs. Their school was giving away their old lab computers, and these kids would usually have no chance to afford even a basic computer. They had their hard drives pulled so I have been setting them up with SSDs, but the question was, what to do about the operating system? So I looked into it and I found out there IS actually a way to bypass Microsoft's system requirement and put Windows 11 on PCs as old as 2010.

You will need: Rufus: An open source ISO burning tool.

A Windows 11 ISO: Available from Microsoft.

A USB Flash Drive, at least 16GB.

A working PC to make the ISO, and a PC from 2018 or older you want to install Windows 11 on.

Here is the guide I used, but I will put it in my own words as well.

Download your Windows 11 ISO, and plug in your USB drive. It will be erased, so don't have anything valuable on it. Run Rufus, select your USB drive in the Device window, and select your Windows 11 ISO with the Select button. (There is supposed to be a feature in Rufus to download your ISO but I couldn't get it to work.?

Choose standard windows installation, and follow the screenshot for your settings. Once you are done that, press Start, and then the magic happens. Another window pops up allowing you to remove the system requirements, the need for a microsoft account, and turn off data collecting. Just click the options you want, and press ok to write your iso to a drive.

From there you just need to use the USB drive to install windows. I won't go into details here, but here are some resources if you don't know how to do it.

Boot your PC from a USB Drive

Install Windows 11 from USB Drive

If you had a licensed copy of Windows 10, Windows 11 will already be licensed. If you don't, then perhaps you can use some kind of... Activation Scripts for Microsoft software, that will allow you to activate them. Of course I cannot link such tools here. So there you go, now you can save a PC made from before 2018 from the landfill, and maybe give it to a deserving teen in the process. The more we can extend the lives of technology and keep it out of the trash, the better.

Additional note: This removes the requirement for having 4GB Minimum of RAM, but I think that requirement should honestly be higher. Windows 11 will be unusable slow on any system with below 8GB of RAM. 8GB is the minimum I think you should have before trying this but it still really not enough for modern use outside of light web and office work. I wouldn't recommend trying this on anything with 4GB or less. I am honestly shocked they are still selling brand new Windows 11 PCs with 4GB of ram. If you're not sure how much RAM you have, you can find out in the performance tab of Task Manager in Windows, if you click the More Details icon on the bottom right. If you don't have enough, RAM for old systems is super cheap and widely available so it would definitely be worth upgrading if you have a ram starved machine you'd like to give a new life.

#Windows #Windows 11 #tech #tech advice #pc #TPM 2.0 #rufus #open source #open source software #technology #tech tips

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prombs789 · 8 months

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ms-demeanor · 30 days

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Can I ask you how you ended up a purchasing manager and what the "technically" means? I've been a purchaser for a couple years and I'm trying to figure out what to do next. I've taken my role in much more of a creating-reports and helping-people-with-data direction than probably purchasers are supposed to, so idk if I should look for another purchasing job or something else

We're a tiny, tiny (less than 10 employee) company so I'm kind of a one-person procurement department with about eight other roles stacked on top (including marketing, website administration, and proofreading my boss's emails).

The purchasing part of what I do is I manage vendor relationships and customer licensing through our vendors, and I research hardware and configure hardware solutions for our clients then do the ordering and order management.

I think my boss's goal with "purchasing" as a job description is just to keep me distinct from accounts payable/receivable (because of the type of business we are, the purchaser at this company needs to have a significant degree of computer literacy, so the role has always been far removed from the accounting department at this business; I'm not a tech, I'm not sales, I'm not precisely an office admin, but I kind of am those things stuck in a blender with an executive assistant).

"Technically" just means that "purchasing manager" is what the business puts on my tax form but I don't have the requisite freedom to make choices to *legally* be considered a manager in California (so 'technically' purchasing manager is my job description in actual fact, but i don't 'technically' meet the requirements of being a manager - my job title is fake).

I think that in normal procurement jobs there is some data crunching that is required, but I see it more as logistics than analytics. If you're more interested in the analytics side of things than the logistical stuff, it may be worthwhile to cast your net outside of the purchasing pool.

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