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…
Automation for Every Step of the Procure-to-Pay Process Adapting your organization to the modern business climate means automating and integrating your work flow. Automation saves valuable hours of manual work and lowers the cost of production for companies. Integration makes insight-rich information more readily available for making informed business decisions. That’s the accepted theory that’s behind the ongoing mass-migration to cloud-based,…
Procure-to-Pay Process Digitizing your procure-to-pay (P2P) process with “real-time, out-of-the-box” BPI solutions like ISS Group’s iPurchase™ and iVoucher™ optimizes your company’s P2P process and streamlines your operations. These cloud and web-based solutions integrate with most leading ERP systems and comes standard with QAD Enterprise Applications to take your organization to the next level in purchasing compliance,…
iPurchase® is a web-based Purchase Requisition Management System that includes ”out-of-the-box’ real-time integration with QAD Enterprise Applications. You don’t need to change systems in order to get the optimization you need. iPurchase® bolts right on to your existing ERP and synthesizes it with the cloud for on-the-go, on-the-spot seamless integration that reduces unnecessary spending and creates trust…
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…
In today’s world, ‘Innovation’ is the key to success…! In this 3-part series, you will learn why digitizing your procurement process is no longer a luxury, but essential in the Procure-to-Pay (P2P) process for reducing costs and optimizing spend management. Digital transformation is the talk of the town, or should we say industry. You read about it,…
What happens when your organization uses a Procure to Pay (P2P) solution? They may be discouraged by the complicated requisition approval processes imposed by the software, and so find a way to purchase outside the Procure to Pay system, essentially making a “maverick purchase” Your business users may…
In today’s competitive business environment, even small and medium sized companies are investing in Digital Transformation via process automation in efforts to reduce costs, increase efficiencies, and maintain customer satisfaction. The universal directive to businesses to “do more with less” is being increasingly satisfied through the application of software. According to a 2015 report by Gartner,…
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…
Leading organizations are rarely satisfied with sitting tight and watching the grass grow under their feet. They are continuously looking for ways to improve and increase their competitive advantage. During an economic downturn these companies, some of them your competitors, will be looking to sharpen their business processes and adopt technology based solutions such as…
