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Blog

AI’s Role in Automating PO Delivery & Updates

March 26, 2024

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, […]

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Collaboration: Procurement & Finance

July 21, 2023

Common 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: In summary, collaboration between procurement and finance is essential to improving efficiency and profitability. By working together on cost analysis, supplier management, TCO analysis, cash […]

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AI in Procurement

June 15, 2023

It’s all about the analytics! AI ( artificial intelligence ) can be deployed in numerous area to increase performance, lower supplier risk and decrease costs in procurement operations. Here are some key areas where procurement practitioners can utilize AI to make a significant impact in their operations: Overall, AI can significantly improve performance and lower […]

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Why Procurement Needs Vendor Portals

Increase 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 […]

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Collaboration: Procurement, Finance & Suppliers

Obtaining and sharing critical supplier information between different functional areas in an organization can be a very frustrating task, particularly between the procurement and finance operations.  Siloed organizational structures, disparate systems that don’t communicate with each other, corporate culture, and differing business objectives are factors that contribute to this situation.  These differences impact not only […]

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Automating Vendor Management

Vendor 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 […]

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Procurement, Finance & Vendors

Partner 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 […]

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