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.
Artificial Intelligence (AI) plays a crucial role in data capture and OCR (Optical Character Recognition) applications, revolutionizing the way we process and extract information from various sources. For accounts payable (AP) departments and other financial back-office areas, AI assisted data capture can provide tremendous efficiencies and increased accuracy.
Read FullWhat are they? Why do I need one? Vendor management portals, also referred to as vendor portals or supplier portals, are cloud-hosted software platforms that allow organizations to efficiently manage their relationships with suppliers, vendors, and contractors. Some of the key features and benefits of a vendor management portal include: Centralized Database: A vendor management […]
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 dig a little deeper at some specific procurement related functionality. Vendor portals and supplier portals offer several benefits to procurement, including: Vendor portals can […]
Read FullCost per invoice = (Total personnel costs + Total overhead costs + Total technology costs + Other costs) / Total number of invoices processed
Read FullVendor onboarding portals, also know as supplier portals, are an essential tool for businesses that want to streamline their procurement processes. These portals can automate many of the tasks associated with vendor onboarding, such as collecting and verifying supplier information, ensuring compliance, managing contracts, and processing payments.
Read FullSolutions to reduce costs and increase efficiency in the financial back office Reducing costs and increasing efficiency in the financial back office is a top priority for many companies who continue to prepare their organizations for economic uncertainties. Here are some top way that can help achieve these goals: By implementing these solutions as well […]
Read FullProcurement and finance are two crucial departments within any organization that have a significant impact on its success. When these two departments work together, they can significantly improve the vendor management efforts of an organization resulting in cost savings, better vendor relations, and healthier supply chains.
Read FullVendor self-service can help mitigate effects of a tight labor market and cost pressures. Vendor self-service is a term used to describe a set of tools and processes that allow vendors to manage their own information and interactions with a company. It is a way for businesses to empower their vendors, giving them the tools […]
Read FullThese highly configurable, cloud-hosted solutions provides our clients peace of mind that their vendor remain in compliance and their vendor master data is up to date, reducing any risk of liability.
Read FullCloud based solutions are very popular and have become the standard for deploying business applications. Analysts predict companies will continue to drive double digit growth in adoption of cloud-hosted solutions for years to come. But there are a number of factors to consider for users and buyers of cloud based solutions because there are the different types of cloud infrastructures and implementations which could have a big impact on the availability, performance, and security of your application and data.
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