One myth about SaaS that still seems to continue to dominate public opinion is that it’s not really cost-effective. And it somehow looks to be true, as not all cost benefits are immediately obvious. Legions of people including users, industry experts, and analysts lauding SaaS as the next biggest thing and proclaiming that the myth […]
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In part one of this series, we looked at several drivers of supplier risk. In this post, we’ll look at some ways to mitigate this risk. We listed down three major causes: improper supplier selection, over reliance on one/few suppliers and perpetuation of fraud by one or both parties. Here are some ways we can
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Online procurement systems help you automate the procurement cycle of your organization. This article will tell you why you need to automate your internal procurement cycle and expound the benefits of deploying advantages. Internal online procurement system must be standardized Without an efficient procurement system, employees order as and when they need products without taking
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Have you reviewed your travel and expense policy recently? A travel policy with too many limitations is frustrating for both the employees and employer. On the other hand, an ambiguous travel policy could lead to over spending. It is not always easy to strike a balance between the two. Here’s something that you can do
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In this age of cloud computing, online procurement software can help run business procurement efficiently and effectively. Developing an effective procurement strategy has become very important for business. So to start off, understanding the term procurement is necessary. To understand the terminology in a simple way, it is the act of obtaining. In business procurement
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“It’s a VUCA world,” one of my management professors was fond of saying, in the same dark tone that Ned Stark from Game of Thrones used whenever he said, “winter is coming.” In a world where volatility, uncertainty, complexity, and ambiguity are ubiquitous and can adversely affect our business processes, we can’t survive for long
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Online invoicing solutions can help you enhance your customer relationship and create loyal customers. Remember that the quality of your customer service and support is every bit as important as the quality of your product. You can provide great customer service and enhance your relationship using invoicing software. Go that extra mile Promise what you
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In an earlier post, we told you about reverse auctions and how they help an organization choose their suppliers. In this post, we’ll look at some ways how your organization can get the best out of a reverse auction. Do you need one? Before you follow the general trend and implement a reverse auction process,
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Traditionally, organizations treated their business travel management and expense management as two completely different entities, sometimes to the extent where both processes were managed by two different departments. Not only is this process cumbersome and time consuming but it also leads to the creation of fragmented data silos which further leads to an increase in
Whether you are selling a product or a service or whether you are a huge enterprise or a small startup or a freelancer, you have to bill your client, which normally takes the form of an invoice. The traditional method of creating and sending invoices involved spreadsheets and paper. Some enterprising people might even turn
Don’t Have Online Invoice Software? Here’s What You’re Missing Out On Read More »
