Reconfiguring Your Supplier Relationship Mindset Sometimes the tried-and-true becomes the tired-and-disengaged. Traditional Supplier Relationship Management (SRM) tends to manage communication down a one-way street, from your company to the supplier. When supply runs low, your company orders, waits on signatures, approvals, and fulfillment schedules. Sales representatives visit your company on predetermined agendas. Drawn-out contract terms…
Building the perfect procurement strategy takes careful consideration and planning. It’s a process that can take years of hard lessons learned and refining. Don’t overlook Approval Control into your Procure-to-Pay Workflow. Once you have everything tweaked to suit the needs of your operation, rolling out your approval process is the final piece that brings your…
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…
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,…
In past blog posts, we’ve spoken about not ‘Getting caught in the Rearview mirror’. Today, more and more businesses are discovering the benefits of shortening and improving the Procure to Pay (P2P) cycle by implementing an Approval Routing Purchase Requisition (Procurement) and AP Automation solution – end-to end P2P. We can show you how best-in-class companies are harnessing…
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,…
ERP is far from a Static Space. Don’t get caught in the rearview mirror…! “While very often attention focuses on the latest, sexiest, hottest and most disruptive technology, it is still important to understand the impact of the software that actually runs the business”, such as AP Automation, Procurement…end to end Procure-to-Pay, states Cindy Jutras…
Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the purchasing of a product, materials needed for the manufacturing a product, or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the…
