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Procurement in a Post-Pandemic World – How to Scale-up and Meet those Challenges

Featured, Spend Management / October 13, 2021

As the economy begins to bounce back from this recent pandemic, businesses are working to reconstruct and re-examine how to drive continuous growth. Procurement plays a vital role in an organization’s continuity and its ability to increase value. Procurement teams must rethink the entire process from the basic tasks, including how it helps hire, collaborate, […]

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Tips to Help You Handle Accounts Payable Effectively

Featured / May 5, 2021

In this present economic situation, companies shouldn’t miss opportunities to enhance their working capital. To be successful, you need to build a strategy that provides flexibility with cash strapped on the balance sheet. All these begin with an efficient AP management solution. Key Advantages Organizational transformation is critical to fostering a working capital culture. For

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Why it is Time to Upgrade Your Expense Policy

Featured / March 24, 2021

Do you remember the last time you reviewed your expense policy? If you are running a mid-sized business, then chances are there that the policy hasn’t been upgraded for many years, perhaps since the time you first wrote it. Your policy might not have been revised, but the way your workers’ expense has. The way

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Which eProcurement System Does Your Company Needs

Featured, Spend Management / February 5, 2021

Your business processes may perform well, however there is always scope for improvement. Strategic decision-making is supported by growing technologies like automation, AI, and data analytics. Many organizations are searching for new ways to streamline competitive benefit and profitability by creating responsive and smarter software environments which primarily focus on enhancements. As it touches each

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Alleviate Fraud and Handle Expenses Effectively with Automation

Expense Management, Featured, Spend Management / December 18, 2020

Expense reports include expenditures incurred by a worker on behalf of the organization- whether during the daily course of work or towards corporate travel. Such expenses comprise of business supplies, hotel stays, meals, and travel like local transportation or flights. The traveler should provide proof of their receipt that goes into the expense report. After

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How Your Accounts Payable Team Can Ensure Business Continuity

Expense Management, Featured, Spend Management / December 8, 2020

Due to natural disasters, political issues, or the recent coronavirus pandemic- businesses that run processes that depend mainly on people are at risk of major disruptions. One such process operated in almost all organizations is Accounts Payable. It has been observed that above 65% of organizations have business continuity plans in place, while 80% claimed

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7 Essential Tips to Help Procurement Streamline Supplier Master Data

Featured / December 4, 2020

It has been predicted that companies that fail to streamline vendor data management by the end of 2023 could have wrong information for half of their suppliers. This is significant. Relevant supplier master data is critical for procure-to-pay (P2P) automation, analytics, and accuracy. But connecting data to users and solutions at times, gets bumpy.Leverage these

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Manual Expense Reporting Process & the Best Way to Tackle

Featured / March 11, 2020

Corporate travel reimbursements can be frustrating for all involved. Around 38% of employees use their funds for work-related activities, facing financial problems when waiting for payments. Expense reporting has moved from having employees file expenses through the spreadsheet, but automation would eliminate the delays that parties face during the process. The software that businesses rely

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The Key Differences between Direct and Indirect Procurement

Featured, Spend Management / October 25, 2019

Direct and indirect procurement are both crucial in business growth. Though they are different functions that require unique approaches and systems, understanding the similarities and differences between the two will eventually help you plan for a successful supply chain and spend management policies. Direct procurement involves the purchasing of goods, materials, and services directly associated

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