iQuote Data Sheet
iQuote Data Sheet
Agile BPI / How do you solve business process problems in your organization?
Talk to us…! At ISS Group we recognized the need for Business Process Improvement (BPI) solutions over two decades ago, and today, ISS Group ‘specializes‘ in delivering to the QAD EA community Agile BPI solutions. Over the past few months you may have seen our posts on LinkedIn or performed a search on Google (see below), as we’ve…
DetailsAgile BPI / Does Maverick Spend Undermine your Indirect Spend ? Part II
In Part I of this series, “Does Maverick Spend Undermine your Indirect Spend“, we discussed how being a maverick can sometimes be good in business, but ‘not’ when it comes to procurement. Maverick spending is a major challenge for finance professionals, with recent studies showing that, on average, one-third of all purchases in organizations are…
DetailsAgile BPI / Does Maverick Spend Undermine your Indirect Spend…? Part I
How does a Maverick affect your organizations bottom line? Being a maverick can sometimes be good in business, but not when it comes to procurement. Maverick spending is a major challenge for finance professionals, with recent studies showing that, on average, one-third of all purchases; specifically Indirect Spend within organizations are made without the…
DetailsAgile BPI / Controlling Maverick Spend through Supplier Compliance
In past blog entries related to Maverick Spend, we’ve really only discussed spend compliance and process compliance from an internal viewpoint, but suppliers (Supplier Compliance) are also part of the equation. When buyers use spend analytics to identify non-compliance, many root causes tie back to suppliers, such as: incorrect catalog/PO pricing relative to contracts incorrect…
DetailsAgile BPI / QAD EA: Unmanaged Spend has created a Crisis
The challenge: Unmanaged Spend The Gartner Group states that ‘Maverick Spend’, or uncontrolled spend…at times referred to as Tail Spend, often falls below the radar of enterprise procurement policies because the transactions that constitute it are relatively small. Yet, cumulatively, these maverick transactions form a substantial sum. In many cases, enterprises are spending more in…
DetailsAgile BPI / QAD EA: Strategic Sourcing and Maverick Spend
Maverick Spend How It Happens and How to Counteract Procurement is rising on the priority lists of both corporations and governments. The two foremost examples are: – In December 2014, the US government reported a reduction of more than USD 55 billion in contract savings in fiscal year 2013 over the…
DetailsAgile BPI / QAD EA Users: Control Maverick Spend with eCommerce Shopping
Why the need for Punch-out? In a word: efficiency. Buyers want to buy with little to no error. Sellers want to sell with as little “friction” as possible in the process. If an organization needs to buy the same products or services from an established vendor repeatedly then, eCommerce Shopping or Punch-out makes perfect sense. Punch-out…
DetailsAgile BPI / QAD EA Users: Managing Indirect Spend
Indirect spend, also known as tail spend, is often an overlooked issue for financial professionals. According to research conducted by The Gartner Group in 2012, “For the average company, a 5% savings on tail spend can be the equivalent of a 10% increase in profit. Eliminating Maverick spend; or ‘uncontrolled buying’, by automating indirect spend…
DetailsMaverick Spend: QAD Users, do you have a ‘Loophole’ in your procurement system?
Being a maverick isn’t always a bad thing. In fact, the ability to think outside the box and innovate is a desired employee trait in most industries. BUT, what happens when procurement managers go rogue? They try to act as mavericks and reach out to suppliers that aren’t part of the company’s list of pre-approved…
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