Today, as more business procedures become digital, the significance of using data in business operations becomes very clear. Your finance department understands that using data and digitizing the procurement process efficiently is a great idea. However, very few offer the tools and resources which are essential to make procurement more data-driven. It has been observed that above 95% of senior ...

In today’s ultra-modern world, numerous advanced technologies such as Artificial Intelligence (AI) and Business Intelligence (BI) hit the market to help businesses automate their functions. But many companies are still following age-old traditional procedures, believing them to be cost-efficient. Particularly, when it comes to the invoice approval process, companies are still following the manual processes due to which they’re losing ...

Today, most businesses have started to leverage procurement software to improve productivity, minimize costs, and drive growth. More businesses, especially smaller and mid-size companies, are considering switching to digital procurement solutions. The procurement department views themselves playing a key role in establishing the company’s financial stability while maintaining strong relationships with suppliers. Implementing Procurement software improves visibility into supplier data ...