Supplier relationships are highly dependent on the procure-to-pay (P2P) architecture that you have in place. Efficient P2P processes can build and improve your supplier relationships. The traditional architecture uses a combination of paper documents and ERP systems. The goal is to streamline a workflow by digitizing a portion of the procurement process. The problem is…
Let’s take our definitions of waterfall-agile scrum workflows and incorporate them into the P2P process. Part 1 of “Defining Waterfall-Scrum Workflows for Your P2P Process” introduced one facet of the P2P process–invoice cost–and gave a brief overview of what each of the waterfall and agile (scrum) workflows were separately and how to think of them…
Traditional Procure-to-Pay (P2P) architecture based on both paper documents and Enterprise Resource Planning (ERP) systems attempt to streamline workflows by digitizing the procurement process. This often results in unnecessary complexity as fragmented data isn’t efficiently integrated into those company P2P workflows, limiting data analytics and employee confidence in managing exceptions. This isn’t particularly conducive to…
The Procure to Pay Process demands a huge amount of resources. Just putting together the basic pieces – RFQs, contract management, payment processing, and filing documentation – requires dedicated staff and a variety of software solutions. Add on top of that spending caps, regulatory compliance, and data collection for executive decisions and you get the…
Business Process Improvement (BPI) software solutions can propel your organization forward by combatting redundant work, increasing productivity, and motivating team members. BPI focuses on the business requirements of processes and uses technology to make it simpler while it also increases efficiency and allows for better collaboration of shared resources. At ISS, our goal is to…
In today’s world, ‘Innovation’ is the key to success…! Part 1 of Electronic Procurement we discussed a ‘Quick Return on Investment’, and ‘Noticeable reductions in costs’. In Part 2 of this 3-part series, you will continue to learn why digitizing your procurement process is no longer a luxury, but essential in the Procure-to-Pay (P2P) process for reducing costs…
There is a lot of noise in the technology world, and this noise can make things confusing. It’s especially true for the non-geeks, who would prefer to focus on their business and just take advantage of Business Process Improvement technology to move their work forward. You’ve likely heard such terms as “BPM,”, “BPI”, “Approval Workflow”, “AP…
Bronze Sponsor Thank you for joining us at the QAD Midwest User Group (MWUG) Fall conference, on September 18 – 20 at the Kalahari Resort in Sandusky, OH where we promoted our Procure to Pay (P2P) Solution Bundle as part of our suite of Business Process Improvement (BPI) Solutions for the QAD User community We…
Digital Transformation is forcing organizations to quickly deploy and adapt processes to meet the tactical and strategic demands required by the business. Organizations not only need to find a way to circumvent the traditional approaches to technology implementation, but they also need solutions that are more intuitive and utilize user-configurable rules-driven approval workflow; offering a more…
Digital Transformation is NOW…! The business environment that your organization competes in is highly competitive. The key to success is ensuring that the necessary changes are simple to execute, can provide value, and are supported by the technology used to run the organization. What changes should your organization use to make in order to compete? …
