The Future of E-Procurement in Business The procurement process (P2P) plays an increasingly vital role in business. We live in an era of tightening budgets and increasing demands. To survive, companies need to remain competitive while continuously innovating, no matter their size. This means they need any added edge they can get. Fortunately, e-procurement provides […]
Key Indicators That It’s Time to Streamline Workflows With the growing pressure for organizations to reduce costs while delivering more than ever before, many companies, from enterprise to small business, are looking for ways to do more with less. The most common and increasingly more successful solution is to digitize aspects of the company through […]
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. Procurement is no longer a menial task […]
How Far Can the Citizen Developer Go? In an age when digitization is a priority for many businesses, your organization needs every advantage. And yet, despite all the hype and push towards digital solutions, there are still considerable obstacles in the way. IT struggles to keep up with the growing workload. Talent is in short […]
In the digital era, businesses’ main spend is on applications, cloud services, and SaaS products. Each new application adds the value businesses seek to remain competitive. However, as a business’s application stack continues to grow within the company, it becomes increasingly difficult to juggle interactions between applications and departments. The quick (and most inefficient) fix […]
Procure to Pay system handles the order/requisitioning of goods and services, procurement/purchasing of said goods and services, the receipt of, payment for, and eventual accounting reconciliation of the financial transactions involved through that lifecycle.