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…
In Part I of this series, “Does Maverick Spend Undermine your Indirect Spend“, we discussed how being a maverick can sometimes be good in business, but ‘not’ when it comes to procurement. Maverick spending is a major challenge for finance professionals, with recent studies showing that, on average, one-third of all purchases in organizations are…
This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.