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It’s not just about OCR Document and data capture has long been one of the most discussed and researched technologies in the financial back-office and accounts payable worlds. In fact, the need to automate the digitization of documents, and the capturing of data from those documents, was the driver of the development of both OCR […]
Read FullVendor portals (supplier portals) can be a powerful tool in enabling a vendor self-service based vendor management program in your organization. The functionality can provide tremendous benefits to your procurement and purchasing operations as well the finance and accounts payable departments. By leveraging the flexibility of a supplier portal, or vendor portal, companies can automate […]
Read FullDo more with less. Portal based solutions that deliver sensational value and reduce risk. Vendor self-service is a very popular trend in procurement, accounts payable and finance because of the tremendous value it delivers. This trend has become even more pronounced as many workers have shifted to remote operations and companies struggle to fill open […]
Read FullVendor Management covers many different areas of how companies identify, onboard, and transact with vendors and suppliers who supply goods and services to their organization in exchange for payment. The processes involved in managing these vendor centric activities can vary greatly by industry, company, and even departments within a company. Companies that rely heavily on […]
Read FullPartner for Success – stronger supply chains, efficient processes, and automated operations The opportunities that are available to companies when procurement, finance and vendors communicate and collaborate are plentiful. Utilizing tools and solutions that insure you are onboarding vendors that are healthy and in compliance with company, industry, and governmental regulations is the start to […]
Read FullThe COVID19 pandemic has brought about many changes in our daily lives, some of these changes will be temporary and will fade as the pandemic fades. But other aspects of our daily lives, and in particular our professional lives, will be changed for the long term. Nowhere will that be felt by more people than […]
Read FullA vendor portal (or supplier portal) refers to a portal that allows vendors to access and provide the buying company with necessary information in the form of documents or data as well as access documents and data provided by the buying company related to the transactions between the two organizations. Submitting invoices, tracking payments and […]
Read Fulla mistake many companies make is that they become too focused on OCR as an end all tool and as a result ultimately end up frustrated that they are not seeing the efficiencies and economies that were promised
Read FullPO Flip A PO Flip, is essentially a conversion of a purchase order into an invoice. Usually done electronically or through an automated solution such as a Vendor Portal or Supplier Portal. In a PO Flip scenario the vendor would enter a PO number into a web form and the the buying company’s systems would […]
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