Procurement Software

MARCH 11, 2022

Every business will have irregular spend, usually in the form of one-time, non-repeatable purchases. These can be difficult to track against budgets because of their unpredictability. Reduce costs and risk: Tackling free text purchase orders or after-the-fact POs. Where your hidden spend management opportunities are buried.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Meet with involved parties to ensure there is no ambiguity, and have a contingency fund available in case budget overages occur due to something out of your control.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Planergy

SEPTEMBER 20, 2023

They can search for the best deals, compare prices, and choose options aligned with budget guidelines. However, it is essential to establish clear guidelines and policies to ensure travel policy compliance and manage potential risks. This level of cost-consciousness can contribute to overall travel cost savings for the company.

Management 52

Management Real-time Visibility Budget Spend management 52

Empowering CPO

JUNE 20, 2023

By bringing this ‘long tail’ under management, companies can reduce maverick spending, negotiate better terms with suppliers, and ultimately unlock remarkable savings. Moreover, tail spend analysis can contribute to better risk management, improved compliance, and increased operational efficiency.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Procurify

JULY 20, 2022

So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Before, purchasing managers often prioritized spend management. Implementing compliance.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Jaggaer

JUNE 28, 2019

The report identifies the lack of budget and requisite IT skills, and lack of progress with data integration as well as lack of digital knowledge among procurement professionals themselves, as some of the most important obstacles to more rapid progress. RPA is a priority for investment for the automation of procure-to-pay processes.

Procurement 58

Procurement Budget Category management Data 58

Planergy

SEPTEMBER 8, 2022

Are the supplier’s costs reasonable and in line with your budget? Do you know how much you can realistically afford to spend? This will go a long way with risk management. Use PLANERGY to manage purchasing and accounts payable. The complexity of the products or services being provided. Supplier’s location.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Planergy

SEPTEMBER 6, 2022

Finally, another valuable part of agile is reflection and review, with all stakeholders responsible for finding ways to become more effective while still maintaining proper risk management processes. Use PLANERGY to manage purchasing and accounts payable. What are some of the common principles of agile finance? Developed in I.T.,

Collaboration 52

Collaboration Risk Management Import 52

Planergy

AUGUST 25, 2022

This new digital strategy also uses predictive analysis to detect patterns, and predict outcomes, while offering better risk management capability. Use PLANERGY to manage purchasing and accounts payable. Download PDF. What’s your goal today?

Data 52

Data supply chain budgeting Purchasing supply chain software solutions 52

Planergy

AUGUST 18, 2022

Or if you like crunching numbers, preparing budgets, or are interested in tax preparation, you may want to concentrate on accounting. Financial planners also assist clients with insurance planning for proper risk management. Use PLANERGY to manage purchasing and accounts payable. Download PDF. What’s your goal today?

Risk 52

Risk Management Ethics Strategy 52

Procurement Leaders

JUNE 9, 2022

Four areas of significant evolution included: Budget management: Procurement having greater input during budget creation and management. Demand management: The ability to set targets and KPIs around levels of demand, aligning the business, and procurement. This is collected through a survey run twice a year.

Category management 130

Category management Strategy Procurement Innovation 130

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. FRDM FRDM is a software company specialising in supply chain risk management.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

What gets measured gets managed. Savings, cost avoidance, supplier risk management and value-driven opportunities can be more easily discovered and acted upon. Think of a data cleanup as an investment, in a similar vein as governments would consider new infrastructure spending. Vendor master data management.

Data 52

Data Raw materials Procurement Suppliers 52

Procurement Software

MARCH 11, 2022

What gets measured gets managed. Savings, cost avoidance, supplier risk management and value-driven opportunities can be more easily discovered and acted upon. Think of a data cleanup as an investment, in a similar vein as governments would consider new infrastructure spending. Vendor master data management.

Data 52

Data Raw materials Procurement Suppliers 52

Procurement Software

FEBRUARY 27, 2024

If you’re looking for most of your digital procurement requirements to be fulfilled through one platform and you don’t have an enterprise budget, this is where you should look. Note, source-to-pay suites are increasingly referred to as Business Spend Management (BSM) platforms. The two names are broadly synonymous.

Sourcing 52

Sourcing Contract management Price Procurement 52

Empowering CPO

JUNE 25, 2023

It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line. AI can enhance supplier selection, contract negotiation, and risk management, while blockchain can improve transparency and traceability in the supply chain.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

Planergy

APRIL 19, 2023

Improves Forecasting The earlier you know your committed spend the easier it is to forecast for budgets and cash-flow. Spend visibility helps when preparing accounts payable accruals which in turn helps with month-end closing and when preparing year-end accounts. Download PDF What’s your goal today?

Purchasing 52

Purchasing Suppliers Contract Risk 52

Zycus Cognitive Procurement

JANUARY 31, 2023

This streamlining enables more accurate forecasting of budgets over time. However, by understanding what types of documents and criteria are required, organizations can develop meaningful requirements that encompass all areas of the supplier lifecycle including onboarding, regulatory processes, risk management, and performance criteria.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Pipefy

JANUARY 5, 2023

Managers can see who is responsible for each item in the process flow, and external stakeholders can see the status of their requests. Simplifies spend management. Typically includes SSO, 2FA, permission management, and password complexity standards. Budget Control. Expense management. Spend analysis.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Procurement Software

MARCH 11, 2022

No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. Spendency can provide value-for-money analytics solutions at an affordable price for all sizes of businesses, which also drills down to whatever level of spend detail you wish.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

MARCH 11, 2022

No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. Spendency can provide value-for-money analytics solutions at an affordable price for all sizes of businesses, which also drills down to whatever level of spend detail you wish.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

JUNE 13, 2023

It serves the needs of purchasing managers, procurement professionals and senior buyers. It enables users to allocate, manage and monitor budgets. Catalogue Management allows you to enjoy the e-commerce experience for your corporate supplies as you create requests faster and easier.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Planergy

OCTOBER 12, 2022

Financial Planning & Analysis (FP&A) Financial Reporting Governance Risk Management & Compliance (GRC). Jirav Jirav can help streamline the process of budgeting, forecasting, and reporting. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy. Financial Modeling Best Practices.

Price 52

Price Data Purchasing Import 52

Procurement Software

FEBRUARY 20, 2024

It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. Spendkey Spendkey provides a SaaS platform that simplifies spend analytics at all levels of your organisation. It includes everything from finance and contract data to compliance, risk, and ESG assessments.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Procurement Software

JUNE 20, 2023

Raindrop Raindrop Systems Inc is a well-established and rapidly growing US software company, providing a Business Spend Management and Source to Contract solution. Its platform leverages ML and AI to ensure visibility and control of spend. It also automates the procurement workflow and is easy to implement.

Contract management 52

Contract management Contract e2e Management 52

Jaggaer

SEPTEMBER 23, 2019

Procurement people, we know, are especially hard-headed when it comes to new investment, and many are struggling to cope with stagnant or near-stagnant budgets. Forecasting: AI can be and has been deployed to make accurate forecasts based on various scenarios in areas such as spend, risk management and supplier reliability.

Procurement 40

Procurement Chief Procurement Officer Data Ethics 40

Jaggaer

JULY 18, 2019

In fact, our report found that insufficient budget was the single biggest obstacle to moving forward with digital transformation. Sophisticated SaaS procurement solutions like the JAGGAER ONE Spend Management Platform allow you to consolidate all your procurement processes, data, and analytics on a single, unified platform.

Procurement 40

Procurement Agile and Lean Supply Chain supply chain budgeting Innovation 40

Procurement Software

AUGUST 8, 2023

They are arguably the market leader and self-proclaimed “inventor of the Business Spend Management (BSM) category”. They quickly rose to be the market leader, especially in the untapped area of spend management for indirect procurement teams. Mid-market businesses don’t have huge software budgets.

supply chain software solutions 52

supply chain software solutions Agile and Lean Supply Chain supply chain budgeting Procurement team 52