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…
In almost every business, internal transactions cover only part of your enterprise resource planning (ERP) needs. Past a certain point, improving your own systems and records can only do so much when it comes to efficiency. If, for example, suppliers are not on the same page when it comes to purchasing and tracking, then it’s…
Digitize these 7 Key Process Activities Download the presentation on the Procure-to-Pay (P2P) process for QAD EA, presented by Sean Brown, IT Manager at Somero Enterprises, at the MWUG Conference October 9th in Grand Rapids, MI. To a packed session, Sean discussed what P2P is and the benefits of ‘Simplifying’ the Procure-to-Pay Process, reviewing…
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…
In today’s world, ‘Innovation’ is the key to success…! What does a developer and manufacturer of advanced lithium-ion batteries and energy storage systems for transportation and other commercial and industrial applications, and a manufacturer of catheters and scaffolding material to treat hernias and vaginal prolapses have in common…??? Both knew that it was essential, and no longer…
In this new age of Digital Transformation, organizations today understand the importance of a seamless Procure to Pay process. This process governs how an organization fulfills its day to day needs from suppliers, supported by easy-to-use requisition/ordering systems, approval workflows and reimbursement systems. It ‘closes the procurement loop’ as it enhances compliance to procurement contracts…
We have been in the business of selling and implementing software solutions for manufacturers for 35+ years and have been asked the question many times “what is the ROI (Return on Investment) of your solution(s)?”. Although a good question, not an easy question to answer. We have approached our Clients (QAD users large and small)…
In recent communications we’ve focused on Digital Transformation and the necessity of moving this agenda forward in your organization, or being faced with falling behind with your competitors. Let’s take Walt Disney Company for example. According to Cap Gemini, Technology (Digital Transformation) has dramatically changed the landscape at this entertainment giant. Everything from your dining…
