Employee travel and expense, when managed efficiently, has the potential to save the organization hundreds of thousands, even millions of dollars. However, most organizations still use outdated traditional practices when managing travel bookings, expense reporting, or expense reimbursement which makes the process cost and labor intensive, error-prone, and cumbersome. In

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

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

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

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

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