Apr42024
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…

Read more
Dec182019
Approval Routing and Workflow

Embracing Data-Driven Approval Routing and Workflow Automation in 2020

Approval Routing, Business Process Automation

In today’s hyper-competitive business space, finding ways to cut down on waste while improving throughput is a critical component of remaining competitive. As companies continue to adopt lean principles and agile project management methodologies, the battle against revenue leakage has become a focal point of many companies’ goals in 2020. In this war against waste,…

Read more
Oct292019
Supplier Channel

QAD User Supply Channel: 5 Ways on How Communication and Collaboration Can Improve Supplier Relationships

Approval Routing, Business Process Automation, Supplier Relationship

The Supply Channel is an organizations ‘life-blood’, and therefore the nature of Supplier Relationship is a huge determinant of the business’ chances to succeed. The output of the organization is, largely, dependent on the input, which is availed by the supplier. A business establishment ought to, therefore, put a great deal of effort in maintaining…

Read more
Sep242019
QAD Mid West Users Group

MWUG September 22-24th, 2019 | Data-Driven Approval Routing and Workflow for QAD Users

Approval Routing, Business Process Automation, Recorded Webinars

It’s that time of year again….! Data-Driven Approval Routing and Workflow for QAD Users Mark your calendars for MWUG’s Spring 2019 Conference, scheduled for September 22-24, 2019, at the beautiful new Renaissance Westerville in Columbus, OH. Case Study session: Presented by Sean Brown, IT Manger at Somero Enterprises, on Tuesday, September 24th, 8:30 AM. Download…

Read more
Jul262019
Procurement Budget

5 Reasons You Need a Procurement Budget and Tips for Making One

Approval Routing, Business Process Automation, Purchase Management, Supplier Relationship

Procurement Budget: Budgeting, while many times painful, is among the most important aspects of an organization(1). In the past, the procurement department was not included in the budget-making process. It was not represented in organization-wide budget meetings. The role of procurement in budgeting was relegated to direct acquisition. However, currently, things are changing, and procurement…

Read more
Apr32019
Vendor Relationships

7 Tips for Establishing Great Supplier Relationships

AP Automation, Approval Routing, Business Process Automation, Purchase Management, Supplier Relationship

Many businesses strive to maintain good relationships with customers, however unfortunately forget their supplier relationships. They neglect suppliers and do not bother to establish good relations with them. Suppliers are a fundamental part of your enterprise that you should not overlook. Developing a great supplier relationship is a crucial part of business survival and success.…

Read more
Feb152019
Approval Routing

How Dynamic Approval Routing Significantly Improves Procurement Processes

Approval Routing, Business Process Automation, Purchase Management

Upgrading procurement departments with innovative cloud solutions is a growing trend among modern enterprises; streamlining the approval process for procurement-related documents is a big reason why. In an effort to explain, let’s examine how dynamic approval routing significantly improves procurement processes.   P2P Software Market Growth Gartner shares some interesting details: The procure-to-pay suite market…

Read more
Nov292018
Procure

3 Ways Digital Procurement Solutions Expand Market Reach

AP Automation, Approval Routing, Business Process Automation, Purchase Management

Expanding you market reach with Digital Procurement While most modern B2B businesses are focusing on using digital technology to automate production, distribution, and client management processes, their procurement processes often remain stuck in analog mode. The immediate benefits of digitizing P2P processes, or digital procurement, may be harder to quantify than upgrading an assembly line…

Read more
Aug152018
Supplier Collaboration

Optimizing Supplier Relationships by Improving Collaboration

Approval Routing, Business Process Automation, Purchase Management, Supplier Relationship

The concept of improving supplier collaboration to improve those relationships isn’t a complex mystery, although achieving this common industry objective may seem to be at times. After a certain amount of collaboration fails, CPOs might finally ask: Is it as simple as upgrading AP departments and end-to-end P2P processes with automated digital solutions in the…

Read more