online procurement system

procurement software

Digital Procurement: Six Key Areas of Transformation

Organizations are adopting the latest and innovative ways to digitize their procurement processes and unlock new development opportunities. As purchasing transitions to digital, the main focus of organizations shifts to make the transactional aspect of business procurement seamless. Ultimately strengthening the strategic procurement workflow and allowing procurement professionals to focus on higher value-added activities. Here […]

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CRM Software

Procurement Management Software: Track & Control Indirect Spending

A firm looks to cut spending. They could start by downsizing. Clearly, manpower could be the first place they’d wish to target. Next in line presumably would be capital costs and infrastructure. This is visible expenditure that can be immediately attended to and reduced. What about costs incurred from all the back-end operations? Not just

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Business Procurement Software

Best Practices in Procurement – Part One

Today, procurement is an important strategic function that supports nearly all of the organization’s business operations and has an impact on organizational expenditure. Every organization wants to make its procurement as optimal and efficient as possible. By nature a complex process, it takes time for procurement to reach that stage immediately. Here’s the good news

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Electronic Signature Software

Best Practices in Supplier Management

Supplier relationship management is one of the most important mandates of the procurement function of any organization, part of which is implementing best practices in supplier management. In this post, we’ll see some of these. Suppler performance management: This is an important activity that is unfortunately not followed by too many firms around the world

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Expense Management Software

Benefits of Reverse Auctions for Buyers and Sellers – Part One

Reverse auction, the process by which an organization purchases its raw materials or supplies, is being adopted by more and more organizations today. A system where the traditional roles of the buyer and seller are reversed, in a reverse auction, the supplier’s bid for a chance to fulfill a buyer’s requirements instead of a buyer

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What Hercules’ Second Labor Teaches us about Procurement Fraud – Part One

Before we get into procurement fraud and what we can learn about it from the second labor of Hercules, let’s take a look at the second labor itself. To atone for killing his wife and children, Hercules is sent to serve King Eurystheus for a period of twelve years by an oracle. The King sets

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