Procurement Budget

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

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…

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Red Flags of Procurement Fraud

QAD Midwest Users Group (MWUG) Featured Article: Beating Fraudsters at Their Game

Beating Fraudsters at Their Game: Insights on How Procurement Solutions Help to Curb Fraud (Published May 30th, 2019: MWUG Spring Newsletter) Fraud cases are on the rise. Today, many businesses fall prey to fraudsters, thanks to technological loopholes. Fraud has adverse effects on an enterprise regardless of the size. Among the main outcomes of fraud…

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Approval Routing

How Dynamic Approval Routing Significantly Improves Procurement Processes

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…

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How Technology Makes Building and Improving Supplier Relationships Simple

Technology has always been a part of building and improving supplier relationships with B2B partnerships; from the telephone to the fax machine, technology has helped businesses facilitate P2P processes and communications. This is still true today, yet the difference is the level of technology being used.   In particular, the rapid advances with online technology…

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Supplier Collaboration

Optimizing Supplier Relationships by Improving Collaboration

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…

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Core Steps of Procure-to-Pay

Presentation on Procure-to-Pay for QAD at Fall MWUG: How Somero Enterprises saved Thousands!

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…

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P2P Automation

Automation for Every Step of the Procure-to-Pay Process

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,…

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P2P Process

Simplicity…! Procurement Transparency and Efficiency with our P2P Solution

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…

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Quote to cash with iquote

Drowning In Inefficiency? iQuote® Improves Your Quote-to-Cash Process

ISS Group’s web-based, iQuote® BPI software rids your company of the interdepartmental silos and disparate tools that notoriously create a lack of cohesiveness and functionality in your quote-to-cash process. Simplify. Drowning in inefficient processes doesn’t help your quote-to-cash ratio. iQuote‘s out-of-the-gate, bolt-on ERP system harnesses real-time QAD EA integration with powerful, configurable, rules-based workflow technology that gives you real-time control over pricing, discounts, internal…

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Electronic Procurement: The First Step in Digitizing the Procure-to-Pay Process – Part 3

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…

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