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How To Take Advantage Of The Surprising Benefits That Come From Aligning Procurement and Accounts Payable
Procurement and Accounts Payable should be a match made in heaven. One brings goods and services into your company and the other pays for them. They’re two halves of the same Procure-To-Pay (P2P) process. Working together just makes sense. In […]
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Quick and Painless Ways to Solve 5 Common Purchasing Problems
Is your company struggling with purchasing problems? Dealing with accidental orders, unclear policies, exceeding the budget, inventory issues, and inflexible or unreliable suppliers are not uncommon. But you don’t have to keep putting up with these issues in your company. […]
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Pros and Cons of Online Procurement Software
In recent history, the digital business revolution revolved around using in-house software for process improvement. Typically, you’d buy a software package designed to handle a specific business process, such as procurement or payroll, and then install it on the department’s […]
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How To Tell If You Need Procurement Automation Software
Have you ever found yourself thinking it’d be nice if the purchasing process in your company worked more smoothly? Maybe you’ve had trouble with misplaced paperwork, or invoices that don’t match purchase orders, or problems with purchases going over-budget. Whatever […]
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Here’s How Category Management Solutions Can Improve Procurement In Your Company
The procurement process can get pretty messy, especially as your organization grows. If your company has a lot of orders going through the procurement department its very easy for things to get disorganized. One way to help combat this problem […]
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Which eProcurement Solution Is Right For My Company?
The majority of CPOs believe having a digital procurement solution is a good idea. Even so, most haven’t implemented e-Procurement in their company. You might have put off implementing e-Procurement because it seems to complex, or too expensive, or you […]
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3 Questions To Find Out If Your Company Is Ready For The Transition To Digital Procurement
For many companies, digital procurement is a key part of their business model. And for companies that haven’t yet gone digital, it’s no longer a question of “if” they’ll follow suit, but “when.” The more important digital technology becomes in […]
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Understanding The Essential Role Data and Analytics Play In Procurement
There’s a wealth of important data flowing through procurement. The problem is, most procurement departments don’t have the tools to capture all this data, much less apply analytics and turn the data into something useful. Traditionally, procurement systems only gather […]
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Learn About The Most Common Mistake On The Road To Digital Procurement, Plus 5 Tips For How To Fix It
In many companies, procurement is still mired down in piles of paperwork and slow manual processing. That makes it the perfect target for improvement through digital automation software. Transitioning to digital procurement is pretty easy when you pick out a […]
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What Is The Difference Between Procurement, Purchasing, Sourcing, Purchase Orders, and Requisitions?
Terms like procurement, purchasing, and sourcing are often used interchangeably. The same goes for paperwork such as purchase orders and requisitions. While all these things are connected, they’re not exactly the same. As such, understanding the differences and connections between […]
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How To Avoid the Most Common Mistakes That Companies Make When Implementing New e-Procurement Software
Do you want a procurement solution that only half-works? Or that fails entirely after you’ve poured money into it? Of course not! But unfortunately, that’s what a large percentage of companies end up with when they try to implement an […]
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