Procurement Process Archives

How do eSignatures Bring Transparency to Procurement Processes?

eSignature, eSignature Platform, Featured, Procurement Software / sutisoftblog

Getting the right goods and services is really important for businesses, both big and small. However, traditional ways of doing this can be slow, involve a lot of paperwork, and pose security risks. eSignatures can be a great problem solver in procurement process. By allowing for digital signatures, eSignatures can make procurement processes smoother, cost-effective […]

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Automating Procurement Processes & its Importance in Today’s Business Landscape

Procurement Software / sutisoftblog

Before we discuss automating the procurement process, let us understand what its role in business. Procurement is acquiring goods and services for a business by identifying needs, finding suppliers, negotiating, purchasing, and supplier relationship management. It adds value to a organization’s growth and revenue. Limitations of Traditional Process While once a standard practice, the traditional

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4 Advanced Technology Trends Transforming the Procurement Process

Procurement Software / sutisoftblog

Earlier were when procurement was considered a back-office function, and CPOs were tasked to reduce costs associated with the process. Most recently, businesses have been identifying the scope of the procurement department in maintaining the cash flow across the organization, good supplier relationships, and ensuring sufficient resources (products and services) are available all the time

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How Does Online Procurement Software Make Requisitioning Easier?

Procurement Software / sutisoftblog

Requisitioning is one of the several tasks in the procurement process, which begins the procurement cycle. From the smallest of supplies, such as stationery items, to the largest of supplies, everything starts with a requisition. The requisition has to be formal and needs to pass through several steps of approval before the supplies are procured.

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3 Procurement Processes You Should Automate To Increase Productivity

Procurement Software / sutisoftblog

In today’s competitive world, enterprises have been seeking to adopt advanced technologies to automate the most time-consuming processes in every department. Especially automating the procure-to-pay process is imperative for businesses to save time and money. Even though the procurement process is a minefield of potential errors, avoidable costs, and delays, only 50% of the procurement

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4 Risks that Should Be Avoided to Enhance the Efficiency of the Procurement Process

Procurement Software / sutisoftblog

The procurement process is crucial for any organization as it deals with purchasing essential goods and services and ensuring sufficient resources are available for the employees to manage their tasks effectively. It should be handled very carefully as it comes with certain risks that can impact business operations, supplier relationships, and productivity and even hamper

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Signs That Show You Should Automate Procurement of Goods

Spend Management / sutisoftblog

Businesses have been investing in procurement technology for a long time in order to create a holistic and strategic approach to the purchasing process. They have turned to eProcurement to minimize maverick spend, minimize expenses, human errors, and enhance supply chain compliance as well as spend visibility. Today, the procurement of services has been rarely

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