Zycus Cognitive Procurement

NOVEMBER 24, 2021

Ardent Partners study estimated that half of the invoices are sent manually. Paper-based invoicing and maintaining manual records results in a lack of cost control, delay in payments and no spend visibility. Payment of Invoice Before Receipt. Manual follow-ups and Exception invoices. Payment of Invoice Before Receipt.

e2e 40

e2e Purchase orders Purchasing Vendor relationships 40

SCMDOJO

DECEMBER 11, 2023

This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function. Invoice and Payment Status: Information on vendor invoices and payment status—whether pending, in process, or completed.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

Procurify

MAY 19, 2022

You may need access to copies of leases, vendor contracts, invoices, and prior period reports with marked up comments. Since you cannot bring the entire invoice drawer home with you (unfortunately), designate a specific person that is responsible for physically retrieving paper documents at the office to scan and send to the rest of the team.

Real-time Visibility 52

Real-time Visibility Networking Collaboration e2e 52

ivalua

SEPTEMBER 13, 2020

Companies that process massive amounts of invoices must have clear policies and procedures in place. It’s easy to fall into a trap of processing invoices as soon as they are received. It’s more efficient, both in time and cash-flow, to work through a “Pay by Terms” model where invoices are saved up and paid on the due date.

e2e 204

e2e Procurement Budget Contract 204

ivalua

SEPTEMBER 13, 2020

Companies that process massive amounts of invoices must have clear policies and procedures in place. It’s easy to fall into a trap of processing invoices as soon as they are received. It’s more efficient, both in time and cash-flow, to work through a “Pay by Terms” model where invoices are saved up and paid on the due date.

e2e 147

e2e Procurement Budget Contract 147

Supply Chain Game Changer

NOVEMBER 26, 2018

As mentioned in our blog post Freight and Logistics (Part 1) – Why don’t you have a TMS Solution yet? The process of invoice reconciliation and error management which can be very time-consuming and costly if managed manually. Transportation Management System (TMS). Environmental Impact.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Supply Chain Game Changer

NOVEMBER 8, 2018

Often they are only familiar with direct phone contact, sending faxes, manually scheduling and tracking shipments, and manually handling invoices and order reconciliation. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement blogs, on the Internet. © Copyright Mortson Enterprises Inc, 2017.

Real-time Visibility 43

Real-time Visibility Management Supply Chain Optimization supply chain budgeting 43

Empowering CPO

JUNE 26, 2023

In this blog, we will delve into the exciting future of spend analysis and discuss the key trends that forward-thinking organizations should watch out for. These technologies enable organizations to collect, analyze, and visualize spend data instantaneously, eliminating the need for manual data entry and time-consuming reconciliations.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

IBM Supply Chain Blog

MARCH 26, 2024

Generative AI can unlock productivity potential, accelerating data collection and ingestion reconciliation. By spending all your time on reconciling invoices or collecting physical fuel receipts, how are you or others in your organization going to have the time to understand the data and in turn make changes to drive sustainability?

Sustainability 67

Sustainability Data Strategy supply chain budgeting 67

Supply Chain Collaborator

JULY 26, 2018

One way to achieve speedier settlement with your carrier base is to automate exception management using tolerances and allowances to avoid holding up invoices for the reconciliation of minor discrepancies like regular accessorial charges, tolls, etc. Not all TMS solutions support this time saving feature.

Dwell Time 102

Dwell Time Logistics Management Data 102