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Finding Ways to Improve Stakeholder Engagement in the Procure-to-Pay Process
17Procurement professionals work with a wide range of people throughout the company as well as suppliers outside the company. These internal and external stakeholders play a vital role in procurement. Engaging internal stakeholders and effectively managing external stakeholders can make […]
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Using Automation Software for Improved Procurement Spend Analysis
Procurement plays a vital role in company success through spend management. By leveraging procurement data and optimizing the procurement process, companies can improve cash flow, cut costs, and collect useful financial data. The process of collecting and analyzing the data […]
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Improve Supplier Relationships with Procurement KPI Tracking
Improve Supplier Relationships with Procurement KPI Tracking With the current state of the economy, tracking and analyzing spend is more important than ever before. To accurately assess the whole procure-to-pay cycle, your company needs to identify Key Performance Indicators. Tracking […]
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Slash Costs, Lower Risk: Procurement Automation in 2023
Every company needs procurement. Being able to reliably source needed supplies (everything from printer paper to essential parts) is vital to keeping a business running smoothly. In many companies, though, procurement is a process that’s challenging to manage efficiently. As […]
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Improve Procurement Visibility ASAP: 5 Must-Follow Steps
5 Steps to Improve Procurement Visibility (And Why You Need To Right Now) How is your company’s procurement visibility? If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain […]
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Finally Optimize Your Procurement Workflow Automation
Do you want to optimize your procurement process? The answer is obvious: yes! Every company can benefit from a more streamlined and efficient procurement process. This is especially true now that supply chains can be so unpredictable. Procurement is a […]
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5 Ways Using Business Process Automation Technology Can Help Grow Your Business
High operating costs stifle business growth. In contrast, if you’re able to cut back on operating costs and streamline business processes, you’ll be in a better position for your company to thrive and grow. A survey of CFOs in November […]
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Use BPA Software to Get CapEx Management and Procurement Working Together
Spend and cash flow management are always high on a CFO’s priority list. Because of the implications for finances, purchasing and expense management are typically also a high priority. Managing large-scale expenses typically takes center stage, but everyday expenses also […]
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What Role Do CFOs Play in Digital Transformation?
In recent years, we’ve seen how rapidly things can change in the world. There’s a greater emphasis on remote work. Supply chain disruptions are more common than before. The rise of automation, AI, and machine learning are rapidly transforming how […]
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Here’s How Business Process Automation Can Help Large Corporations Catch Errors, Fraud, and Theft
The larger a company grows, the more complex the business processes become. As budgeting, purchasing, expense reporting, accounting, and payments become more complex there’s a greater risk that errors, fraud, and theft could go unnoticed. Without careful oversight, it’s easy […]
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Unify Finances End-to-End: CapEx, Budgeting, Payments
There are a ton of business process automation (BPA) software solutions on the market. Search for “AP Automation Software,” and you’ll find hundreds of results. With so many options, how can you narrow down your choices if you want to […]
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To Receive or Not To Receive: Inventory Management and Three-Way Matching
Every company needs a way to handle procurement. Whether your company is a small business ordering printer paper and ink, a manufacturer relying on the purchase of materials and parts to do business, or a multi-national corporation handling everything from […]
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