What is the negative impact of Business Process Silos on Productivity? When was the last time you lost something to the black hole of corporate paperwork? Was it a vacation request that went from your supervisor to the department manager to human resources and back to you? A prospective or current customer sales quote waiting…
Over the years, due to increased competition, the role of procurement and procurement compliance in the organizational ecosystem has evolved. Initially, companies employed a passive procurement approach, which was primarily a clerical function supporting the technical aspects of a company. This evolved into independent procurement, which had more focus on improving efficiency, then supportive procurement, which…
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…
