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4 Traits That Make Millennials A Perfect Fit For Procurement Automation Software
Experts estimate that millennials will make up half the workforce by the year 2020. This is can be a terrifying prospect for hiring managers, who’ve heard that millennials are entitled, lazy, and refuse to stay in a job for more […]
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Implementing An Agile Procurement System That Works For You
Being able to react quickly gives companies a decided advantage in today’s fast-paced business world. Agile procurement systems, for example, let your company adapt to changes in supply availability and prices without any wasted time. This saves money and time […]
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3 Deadly Purchasing Pitfalls to Avoid
When looking at the procure to pay process of a company, a lot of companies will focus on the payment side of the equation. Accounts payable and cash flow are both definitely important. However, purchasing is a critically relevant department that […]
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Don’t Cripple Your Business by Refusing to Centralize Purchasing
Having many people in charge of purchasing often leads to confusion, especially in large businesses. It’s hard to take advantage of bulk ordering discounts or keep track of inventory when different people are in charge of purchasing the same items. […]
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Four New Tactics for Supplier Engagement
Keeping suppliers actively engaged and excited to work with you is critical. A recent survey showed that supplier engagement was more important to purchasing executives than any other procurement concern, including cost control. Although most businesses have more control in their […]
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Going Green With Paperless Procurement
As society pushes the modern business world toward sustainable practices, the “bottom line” becomes about more than just finances. The green movement encourages companies to take social and environmental factors into consideration in addition to economic concerns. In the long-term, […]
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How to Leverage Automation to Kickstart Six Sigma Principles in your Business
Evaluating your business for efficacy brings up some important questions about how you can streamline processes. Improving the way your company functions on the back end will lead to greater gains across the board. Six Sigma is a huge part […]
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Purchase Orders for Growing Businesses
When just starting out with your small business, you probably didn’t invest in Procure to Pay software or automation for purchase orders. After all, how hard is it to just call your supplier up or send in an order online […]
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Three Tips to Curtail Maverick Spending
In some companies, Maverick spending can account for up to 80% of purchases made. That’s 8 out of every 10 purchases that don’t line up with purchasing rules established by corporate procedures. If this goes on unchecked, the company is […]
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How to Improve P2P with Consultation Services
The Procure to Pay or P2P process is vital for any company, yet managing it is often exceedingly difficult without the proper practices and software. Whether you’re getting a business started and it’s your first time setting up a P2P […]
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Facilitating Your Spend Management
Any business, large or small, has to deal with many of the same processes when it comes to spend management. However, small businesses often lack the efficient setup that most large businesses have in place to process their expenses. This […]
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Purchase Order Modules that Will Change your Business
Owning a business creates a unique set of challenges. From making sure your clients are satisfied, to choosing good employees and producing great products, there is a lot on your plate. Anything that can make your life easier will be […]
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