Cloud computing and Software as a Service (SaaS) are today gaining more and more acceptance and adoption. By clearly highlighting the various benefits of the SaaS method of delivery, service providers have succeeded in gaining customers. Today, there exist millions of software applications in the marketplace, and customers have a
Online invoicing, originally viewed as a solution designed for small businesses to save their time and money, has found widespread acceptance and is now being used by organizations of all sizes. The software offers simple, ready-to-use templates that can be customized by anyone quickly. Users just have to enter their
Say you are going abroad on office work where you incur numerous expenses which are claimable. In some cases, you might worry about losing receipts or making mistakes while manually entering details. This in turn might cost you as you would have to end up bearing these expenses from your
Online procurement or e-procurement is a web-based procurement management system that accelerates and automates the procure-to-pay cycle. It is gaining wider adoption as organizations see the benefits of shorter procurement cycles, increased visibility into spending, and a streamlined procurement process. One of the most important goals of a procurement division
In Part 1 of this series last week, we showed you how you could take several measures to reduce your organization’s overall expenditure. Here are some more measures you can take to reduce your business expenses: Seek alliances/partnerships. B2B expenses take up a huge chunk of any budget. This is
For any organization, procurement is arguably the most important support function as it impacts almost all the major strategic functions. Almost every department is dependent on the procurement division procuring the necessary resources to carry out its day-to-day activities. This has made organizations look at procurement itself as a strategic
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