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Online Business Procurement Software

Spend Tracking And Analysis In Business Procurement

Spend Management /

Un-managed spend is a major concern for many businesses. It prevents the necessary visibility into an essential part of the business spend thereby making planning and forecasting complicated, incomplete or inaccurate. Also, un-managed spend significantly reduces the value of a procurement organization. The procurement professionals are typically tasked with high profile buys, key strategic initiatives […]

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Procurement Software

Procurement Software to Manage your Supplier Invoices Effectively

eSignature Platform, Spend Management /

Finance leaders are taking center stage when it comes to making business decisions. Where to cut back spending, how to manage cash flow, and where to invest going further are all questions that need to be answered. Managing finance procedures such as supplier invoices, and getting complete visibility and control over spending is what every

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procurement management software

Procurement management software helps control procurement costs

Expense Management /

Supply chain visibility is of utmost importance to organizations looking to cut-down on procurement costs. A good supply chain management system saves companies millions in logistic and raw material costs. Savings in this category invariably impacts the overall revenue because supply chain forms the backbone of most enterprises. By ensuring optimum management of the supply

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CRM Software

Enhancing Relationships with Suppliers

Expense Management, Spend Management /

Suppliers make up an important part of any organization’s procurement strategies and methodologies and every procurement professional wishes for the best relationships with them. They are, after all, important stakeholders in the business, and organizations have to do what they can to ensure that their relationships with customers are always good. These good relationships might

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Electronic Signature Software

Best Practices in Supplier Management

Expense Management, Spend 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

Expense Management, Spend Management /

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

Expense Management, Spend Management /

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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