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Procurement Process

4 Advanced Technology Trends Transforming the Procurement Process

Procurement Software /

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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Procurement Process

3 Procurement Processes You Should Automate To Increase Productivity

Procurement Software /

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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cloud-based SaaS procurement solutions

6 Technology Trends Transforming the Procurement Process

Procurement Software /

In today’s technology-evolving world, many ultra-modern solutions are hitting the market every day. Enterprises are continually investing in advanced technologies to automate their processes to stay in tandem with the current market trends, and procurement is no exception. Over the years, the procurement department has been considered a back-office function. Fortunately, with automation, businesses can

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Procurement Management Software

4 KPIs To Analyze The Efficiency of Purchase Order Process

Spend Management /

Traditionally, procurement department was considered as a back-office function and was limited to cost savings. In today’s competitive business world, procurement process is more than just meant for purchasing products and services from vendors. The procurement teams need to handle many tasks that affect the bottom line of the business, such as sourcing and onboarding

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Cloud-based Procurement Software

Can Autonomous Procurement Becomes a Necessity for Businesses Soon

Spend Management /

The ongoing Covid-19 pandemic and other unprecedented events make it imperative for enterprises to future-proof their business operations to ensure smooth processes. Especially, businesses are looking for ways to counter supply disruptions. In this endeavor, most organizations see advanced technology-based procurement solutions as an ideal solution to avoid disruptions in the supply chain and streamline

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procurement software

Why should Procurement Software Developers focus on Customer Satisfaction?

Spend Management /

Customer satisfaction is a key performance indicator for developers too! Good testimonials from clients are the signs that your business is moving on the right path. For developers, there are various ways in which they can improve their client relationships. But remember, receiving positive feedback is not the only sign that you are able to

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Automated Procurement Software

Procurement in a Post-Pandemic World – How to Scale-up and Meet those Challenges

Featured, Spend Management /

As the economy begins to bounce back from this recent pandemic, businesses are working to reconstruct and re-examine how to drive continuous growth. Procurement plays a vital role in an organization’s continuity and its ability to increase value. Procurement teams must rethink the entire process from the basic tasks, including how it helps hire, collaborate,

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Automated Procurement Software

The Importance of Data and Analytics in Enhancing Procurement Functions

Spend Management /

The procurement function has a wealth of data which can be used to enhance the performance of the entire process. Most businesses don’t have the proper tools to capture this type of data, much less apply the analytics and turn that data into something useful. Generally, procurement systems only collect transaction data and line-item information.

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procurement software

The Key Differences between Direct and Indirect Procurement

Featured, Spend Management /

Direct and indirect procurement are both crucial in business growth. Though they are different functions that require unique approaches and systems, understanding the similarities and differences between the two will eventually help you plan for a successful supply chain and spend management policies. Direct procurement involves the purchasing of goods, materials, and services directly associated

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Procurement Software Solution

Procurement Software & Its Impact On Your Business

Spend Management /

Today, CFO’s have to play the key role in the strategic development of an enterprise. The decisions made will affect the entire organization, and few departments have the influence of finance, which grows dramatically as the organization evolves. Procurement is an area that has to be rationalized according to the modern workspace. Around three out

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