Optimize Your Company with These Simple Strategies Procure to Pay (P2P) is an organization’s way of ensuring it remains fully supplied and operational so that it can function. Your business needs every edge it can get to stay competitive. And perhaps one of the most overlooked areas that can grow revenue while enhancing the customer …
Weak procurement processes are like slow leaks in the haul of a speeding sailboat. While they may not seem troubling at first, they can slow your business down. And in this age of digitization, they can even cost you the race. As competition continues to increase, successful businesses cannot afford to overlook the power workflow
Science Daily defines Artificial Intelligence as “a system that perceives its environment and takes actions which maximizes its chances of success.” Essentially, it’s software that can look at vast amounts of data and instantaneously choose the best actions to take. And that is is why over 55 percent of businesses plan on making significant investments in AI over the next 2 years.
The push to digitize has businesses strategizing how they can further reduce costs while boosting overall efficiency. As a result, there are many incoming procurement trends on the horizon. If you want to give your business the advantage, you don’t need to look further than your procurement process.
Drowning in invoices is a far more common problem than people realize. Businesses need to regularly make purchases to function, and invoices for these purchases can add up. But processing invoices can be a complex, overwhelming task that can get tangled up in other workflows.