Optimizing Procurement: The Vital Role of Approval-Based Procure-to-Pay and Third-Party Risk Management

Procure to Pay, Third-Party Risk Management

In today’s dynamic business environment, organizations are constantly striving to optimize their procurement processes while mitigating risks associated with third-party suppliers. To achieve these goals, it’s essential to implement robust systems that ensure financial control, compliance, and risk management. According to PwC, “organizations that effectively manage third-party risks can achieve a 20-30% improvement in operational…

ISS Group and Venminder Announce Strategic Partnership to bring Third-Party Risk Management Services to the QAD ERP User Community

News, Procure to Pay, Third-Party Risk Management

For Immediate Release August, 2024 Morristown, NJ – ISS Group (ISSG), a long-standing member of the QAD community recognized for delivering Procure to Pay (P2P) and Process Improvement Solutions via their Data-Driven Approval Routing and Workflow technology, is excited to announce a strategic partnership with Venminder, a leader in Third-Party Risk Management (TPRM) services. This…

Supplier onboarding is a strategic imperative for businesses for compliance and fraud prevention

Strengthening Supplier Onboarding: A Dual Focus on Compliance and Fraud Prevention

Approval Routing, Supplier RelationshipLeave a comment

Supplier onboarding is not merely a logistical necessity; it’s a strategic imperative for compliance and fraud prevention for businesses across industries. To ensure seamless supplier integration while safeguarding against fraud, organizations are increasingly turning to approval-driven, highly vetted, fraud-resistant software functionalities with full audit trails of changes made to supplier files. In this article, we…

ISS Group - Approval Routing

Solving Supply Chain Issues with Approval Routing Technology

Approval Routing, News

Introduction: Streamlining Supply Chains with Approval Routing Technology Efficient supply chains are the backbone of any successful organization. To maintain a competitive edge in today’s fast-paced market, companies must find innovative solutions to tackle common supply chain challenges. One such solution is the implementation of approval routing technology, which revolutionizes the way businesses manage their…