Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
Simplifying the procurement process In the fast-paced environment of procurement and sourcing, efficiency is paramount. Every process must be optimized to ensure smooth operations and timely deliveries. Among the many processes involved, purchase order (PO) delivery and updates play a critical role. Traditionally, these tasks have been labor-intensive, prone to errors, and often delayed. However, […]
Read FullA win for buyer and supplier in a high-interest rate environment In today’s fast-paced and high interest rate environment, maintaining strong supplier relationships is essential. One way to achieve this while also maximizing savings is by offering suppliers a dynamic discounting program. This financial strategy becomes even more compelling in a high-interest rate environment where […]
Read FullCommon goals = big payoffs. Collaboration between procurement and finance is a key element to improving efficiency and profitability in your organization. Here are some ways they can work together: Cost Analysis and Budgeting: Procurement and finance teams can collaborate to analyze costs associated with the acquisition of goods and services. By sharing data and […]
Read FullIncrease efficiency, decrease vendor risk and track service levels Vendor portals offer many benefits to procurement departments. We will look at some general benefits these highly collaborative, cloud-hosted portals provide. Then, we’ll dig a little deeper at some specific procurement-related functionality. Vendor portals and supplier portals offer many benefits to procurement: Vendor portals can offer […]
Read FullSolutions in the financial back office for economic downturn Reducing costs and increasing efficiency in the financial back office is a top priority for many companies that continue to prepare their organizations for economic uncertainties. Here are some solutions to reduce costs and increase efficiency in the financial back office: By implementing these solutions as […]
Read FullWith a new year comes new challenges and new opportunities for all of us. The key to making sure we turn those challenges into opportunities is being proactive in taking on the challenges presented head on.
Read FullIn the unstable economic times we are are currently in Dynamic Discounting provides an efficient way to optimize cash flow in a highly dynamic, real-time environment.
Read FullProcurement. Finance. Vendors. Keys to an effective vendor management program. An important part of smooth operating supply chains is onboarding and managing the vendors and suppliers that are key to your organizations success. Once onboarded it is critical that all the key stakeholders from procurement (purchasing), finance (accounts payable) and the vendor (supplier) communicate and […]
Read FullOne size does not fit all, don’t limit your options. Vendor portals are powerful business tools that can address numerous pain points in your current Accounts Payable operations. Vendor portals can provide a platform for vendor self-service that can have immediate financial and human resource impacts on your organization. But beware, not all vendor portals […]
Read FullWhy Vendor Management is Important Vendor management has been getting increased exposure among large businesses lately. Some of that can be attributed to the times we are in and the increased focus on those critical suppliers and vendors in your supply chain. Now more than ever it is critical to manage key vendors by insuring […]
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