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Blog

Tailor Vendor Portals to Meet Your Needs

One 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 […]

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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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Vendor Management – Think Strategically

October 7, 2021

For many companies vendor management is treated as just another back-office function to be administered by procurement and accounts payable.  But are those companies putting their organizations at risk, or at very least missing out on opportunities for more efficient supply chains by not taking a more strategic view of vendor management?  For organizations in […]

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Vendor Diversity Tracking & Compliance

More and more companies are tracking their companies “diverse” vendor population and reporting on purchase percentages and total spend dollars with these diverse vendors. Many companies have redoubled their efforts, or started new initiatives, to insure their organizations have diversity within their vendor and supplier populations. In fact, many large corporations now have a Chief […]

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Best-of-Breed is Back!

June 10, 2021

Lately one trend seems to be a swing back to companies looking at “best-of-breed’ solutions to address a myriad of business issues. This seems to be reversing a cycle where many CIOs were choosing to go with ubiquitous ERP systems to address most of their business processes.

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