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What Is the Procure-to-Pay Process In SAP?

ProcurePort

The cycle describes what steps need to be taken to complete the procurement process and to finalize payment. On paper, it’s a simple process that can be followed systematically, but in a modern procure-to-pay […]. The post What Is the Procure-to-Pay Process In SAP? appeared first on ProcurePort Blog.

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Get your IT team battle-ready for the next holiday rush 

IBM Supply Chain Blog

Outage monitoring platform Downdetector reported an 80% jump in people reporting issues with credit card payments. The culprit: some of the world’s biggest payment processing systems (Chase, Visa and Bolt) succumbing to outages. It will keep everything stable of course, but what does it eventually cost you?

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Nudge Theory Applications in Procurement

The Good Spending

When engineers or salespeople start raising PRs, writing RFP requirements, or chasing payments to help out their suppliers, they'd better do something job-related and generate revenues or design new products. What if we established a Requestor Portal, carefully guiding them through buying channels and providing self-service opportunities.

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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Here are four smart technologies modernizing strategic sourcing processes today: Automation Business process automation (also considered a type of business process outsourcing ) is pervasive across industries, minimizing manual tasks in accounting, human resources, IT and more. Sourcing is getting smarter.

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AI in commerce: Essential use cases for B2B and B2C

IBM Supply Chain Blog

Four AI in commerce use cases are already transforming the customer journey: modernization and business model expansion; dynamic product experience management (PXM); order intelligence; and payments and security. Over 90% of business buyers say a company’s customer experience is as important as what it sells.

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A brief history of cryptography: Sending secret messages throughout time

IBM Supply Chain Blog

In modern times, cryptography has become a critical lynchpin of cybersecurity. In modern times, cryptography has become a critical lynchpin of cybersecurity. Coinciding with the invention of modern computing in the 19th century, the dawn of the digital age also heralded the birth of modern cryptography.

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Transformation of the digital customer experience

IBM Supply Chain Blog

Security and Trust will remain key factors for the success of the digital payments’ world. Security and Trust will remain key factors for the success of the digital payments’ world. Only ten years ago, people still had to go to an ATM to withdraw cash to go to a grocery store and buy what they wanted.