Spend Matters

MARCH 20, 2024

Therefore, depending on the technology used and the processes digitized, the impact of technology can be divided into automation and augmentation, with augmentation being more ‘autogmentation’ [/aw-tog-men-tay-shun/] as we call it. Procurement activities and tasks are operational, tactical and strategic.

Procurement 99

Procurement Contract Sourcing Category management 99

Spend Matters

JUNE 19, 2023

To compare product strengths and weaknesses, try Spend Matters TechMatch to directly assess the capabilities of digital procurement solutions. The post Spend Matters features 79 procurement technology solutions in the Spring 2023 SolutionMap Insider release appeared first on Spend Matters.

Procurement 71

Procurement Eprocurement Ethics Contract 71

Pipefy

MAY 23, 2023

The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation. Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. To say that you have lots of options would be an understatement.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Procurement Software, also known as e-procurement software, is a digital solution that automates the process of acquiring goods and services. Its functionalities range from supplier management, purchase order management, invoice management, spending analysis, to electronic tendering, and contract management.

supply chain software solutions 52

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

World of Procurement blog

APRIL 23, 2024

Procurement Software, also known as e-procurement software, is a digital solution that automates the process of acquiring goods and services. Its functionalities range from supplier management, purchase order management, invoice management, spending analysis, to electronic tendering, and contract management.

supply chain software solutions 52

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

ivalua

FEBRUARY 24, 2021

Take proactive steps to ensure suppliers understand the process for submitting invoices, payment terms, and proper follow-up and escalation steps for late payments. . You can also inform them of other features and digital processes that can make their jobs easier, thereby eliminating the need for them to make similar calls in the future.” .

Suppliers 130

Suppliers supply chain budgeting Supplier relationship management Eprocurement 130

Zycus Cognitive Procurement

JANUARY 2, 2023

Such solutions provide capabilities, such as automated workflow, vendor management, and electronic invoicing. With AP automation services , enterprises can process invoices faster and more accurately, reduce the risk of errors and fraud, and improve cash flow management. This can help in streamlining the overall AP process.

Cost of ownership 52

Cost of ownership Vendor management Data Risk 52

ivalua

AUGUST 5, 2020

Taking AP Automation and Invoice Processing to new levels of performance. 70% increase in invoice processing efficiency’ – Crédit Agricole. Embedded smart matching that supports ALL invoice your matching needs. One-click approval for invoices, receipts and exceptions to streamline the journey.

Budget 130

Budget Buyers Collaboration Purchase orders 130

Zycus Cognitive Procurement

JANUARY 20, 2023

With hundreds of thousands to millions of invoices to be processed every year, enterprises often employ dozens of accounts payable executives to do this job. With paperless invoicing, we refer to a transformational shift towards e-invoicing or electronic invoicing, with paper-based invoices gradually reduced in an enterprise.

Real-time Visibility 52

Real-time Visibility e2e Data Suppliers 52

Procurement Software

APRIL 2, 2024

We’d all like the latest digital procurement tools. There’s plenty of digital procurement solutions out there for every budget. Digital procurement tools: What can you get for your budget What can different amounts of money buy in terms of different procurement tech applications and solutions that are out there? Let’s dive in.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Planergy

MAY 25, 2023

Along with managing accounts payable, proper spend management should include finding the right vendors and suppliers, negotiating payment terms and discounts, setting spending limits, managing the full procure-to-pay process, and automating invoice processing with AP automation. This can be done in the Settings area of the application.

Spend management 52

Spend management Management Purchase orders Budget 52

Spend Matters

JUNE 19, 2023

Spend Matters is featuring the top 5 digital capabilities of different procurement technologies and what functionality you can expect from average and top performing solutions, leveraging its SolutionMap dataset. I’ve seen top performers support advanced change order features, all of which were subject to approvals.

Procurement solutions 86

Procurement solutions Procurement supply chain budgeting Real-time Visibility 86

Spend Matters

OCTOBER 19, 2023

We are pleased to announce that the recognized Future 5 providers are: akirolabs — Founded by procurement veterans, akirolabs is a Berlin-based digital solution that helps transform procurement from a tactical function to a value orchestrator. Read our analysts’ analysis and reasoning here and ou r special feature here.

Supply Chain Optimization 88

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 88

ivalua

AUGUST 29, 2019

Overall, 85% of respondents view the Procurement and supplier management function as less digitally mature compared to other departments, such as marketing, human resources or accounting. Purchasing (45%), invoicing (41%) and budget management (39%) are the most digitised processes to date. please visit: [link]. About the study.

Procurement 164

Procurement supply chain budgeting Procurement team Supply chain 164

Procurement Software

JULY 25, 2023

So, you’re about to embark on a digital procurement transformation in your organization. Digital Procurement Transformation: why you may fail In this piece, we focus on the 10 main reasons why a digital procurement transformation may fail. What is inspiring you to implement a digital solution? Well, not quite.

Procurement 52

Procurement Budget Data Suppliers 52

ivalua

APRIL 5, 2023

The 12 Customer/Partner Day breakout sessions featured Ivalua’s talented solution and product experts–bringing innovation and “groundbreaking” discussion topics into the mix! Karolina highlighted “We need to increase speed and efficiency, simply put—we need to make better business decisions with digitization.”

Innovation 130

Innovation Collaboration Supply chain resilience Networking 130

Procurement Tactics

MAY 31, 2023

For instance, vendors must send accurate invoices that need to be matched with purchase orders and the actual inventory. Using a digital inventory checklist is recommended to make this process easier. It offers features such as asset tracking, maintenance management, and reporting. Tips to Control Your Inventory 1.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

ivalua

MAY 17, 2023

This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. Organizations can leverage collaboration as a potent force to fuel digital transformation and unlock exciting new growth opportunities.

Supply chain resilience 130

Supply chain resilience Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 130

TYA Suite

DECEMBER 16, 2022

If digitalized, it also provides excellent tracking function for any organization. Once the vendor delivers order along with an invoice, the purchasers finance department compares their invoice to the PO and makes sure that these two documents match with each other. It also has a feature to auto archive PRpost approval.

Purchase orders 52

Purchase orders Purchasing Budget Price 52

Procurement Tactics

JUNE 7, 2023

It provides a digital platform for managing various aspects of the supplier relationship , such as sharing information, coordinating activities, exchanging documents, tracking performance, and resolving issues. The software offers a wide range of features and capabilities that enhance the supplier relationship lifecycle.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Let's Talk Supply Chain

FEBRUARY 5, 2024

In today’s episode of Women In Supply Chain, I’m joined by Carmit Glik – 2023 Pro To Know, board member, CEO, and passionate advocate of digital transformation. We are committed to promoting diversity and inclusion in the supply chain field and are honored to support initiatives that empower and inspire women in their professional journeys.

Supply chain 52

Supply chain Supply Logistics Demand 52

Spend Matters

JULY 25, 2022

But even though the initial reaction from many pundits and practitioners alike view this as a head scratcher, I actually don’t have that concern here at all because this is actually a long-game strategic move that isn’t just a “check the SCM box” move or a “feature 500” tuck-in. It’s a fair question.

Supply Chain Optimization 81

Supply Chain Optimization Spend management Management Supply 81

Let's Talk Supply Chain

JUNE 5, 2023

As a 4PL, Logward helps shippers manage FCL, LCL, air, and overland transports while reducing unplanned costs like detention and demurrage, improving invoice accuracy, monitoring allocations and capacity, and much, much, more. 22.23] A closer look at Logward’s Sourcing Solutions – what they do, the key features and benefits.

supply chain budgeting 59

supply chain budgeting supply chain software solutions e2e Supply Chain Optimization 59

Let's Talk Supply Chain

MARCH 8, 2024

In addition to its comprehensive core features, including business quoting, ocean and air freight processes, invoicing and payments, accounting, and finance, customers highly favor it for providing a customer-facing platform that meets the needs of freight forwarders and their clients and agents.

supply chain budgeting 96

supply chain budgeting Supply Chain Optimization Supply chain Supply 96

Zycus Cognitive Procurement

JANUARY 24, 2023

Key thought leaders included Jacob Gorm Larsen , Ex-Director of Digital Procurement, Maersk Group; Prof. Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions. Now, more than ever before is the time for enterprises to invest in technology.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Supply Chain Game Changer

FEBRUARY 11, 2021

Powered by AI’ is a common feature or term used to sell the benefits and merits of digital transformation solutions. Bias occurs when one or more groups feature more often than others and distorts the outcomes, creating bias. Accuracy is critical and, in many cases, dependent upon the training data set itself.

Supply Chain Efficiency 93

Supply Chain Efficiency Procurement Agile and Lean Supply Chain supply chain software solutions 93

Procurement Software

APRIL 4, 2023

To maintain our place in the spotlight, these digital procurement software platforms must optimise the user experience for the end user. Today’s procurement process should be designed around digital tools that work alongside your necessary internal compliance processes. That applies to both your internal stakeholders and suppliers.

Procurement 59

Procurement e2e Purchase orders Buyers 59

Supply Chain Game Changer

JULY 16, 2020

Digital Supply Chain Overview! Digital Supply Chain evolve article and permission to publish here provided by Megan R. People often position the digital supply chain as essential for helping today’s businesses succeed. Let’s look at how did the Digital Supply Chain evolve? Email Address.

supply chain software solutions 124

supply chain software solutions Supply Chain Efficiency Supply chain Supply 124

ivalua

MARCH 17, 2021

To reduce inefficiencies and fraud, grant activities are governed by several regulations including these two relatively recently enacted laws: The Digital Accountability and Transparency Act of 2014 (DATA Act) – This law expands on federal awards reporting reforms that began with the Federal Funding Accountability and Transparency Act of 2006.

Supply Chain Efficiency 130

Supply Chain Efficiency Management supply chain budgeting Budget 130

Spend Matters

SEPTEMBER 14, 2023

We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement. A few examples include SAP Category Management, buying 360 and SAP Central Invoice Management. Many thanks to SAP. We’ll be talking to more vendors next week – check back in then.

Procurement 102

Procurement Supply Chain Efficiency Category management e2e 102

IBM Supply Chain Blog

APRIL 25, 2024

Benefits : 360-degree customer view Increased sales and retention Faster problem resolution Digitizing administrative processes Organizations are increasingly turning to BPR to digitize and automate administrative processes to reduce human errors.

Supply Chain Efficiency 54

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 54

IBM Supply Chain Blog

DECEMBER 4, 2023

These documents include insurance product descriptions detailing covered items and exclusions, policy or contract documents, premium bills, receipts, submitted claims, explanations of benefits, repair estimates, vendor invoices and more.

Ethics 56

Ethics Data Risk management Risk 56

TYA Suite

DECEMBER 16, 2022

In today’s era where construction is going digital, ERP for construction helps in technology and streamlines the operations. There are project reports, budgets, plans, and specifications as well as change orders and invoices, purchase orders available in the system at all times. Get a free demo today and check for yourself!

Raw materials 52

Raw materials Budget Purchase orders Project management 52

Spend Matters

SEPTEMBER 5, 2023

There’s low adoption of existing digital processes, and the data lives in disparate systems. ‘No No PO, no pay’ compliance is achieved by the use of Blanket Purchase Orders with limited item-level data, and ‘approvals’ receive a rubber stamp after invoicing. While these challenges are substantial, they are nothing new. Register here.

Procurement 92

Procurement Real-time Visibility Chief Procurement Officer Procurement team 92

Jaggaer

JULY 21, 2020

With purchasing now executed over a digital platform, the risk of off-contract (maverick) spend has been reduced. And by automating the invoicing process, companies can cut the costs to a tenth and reduce payment cycles from days or weeks to real time, not only saving time but also allowing them to benefit from better payment terms. .

Procurement 102

Procurement Purchasing Suppliers Purchase orders 102

ivalua

JANUARY 27, 2021

Although it may seem hopeless, opportunity awaits with the right transformation strategies, and Invoice to Pay solution. Strength in these key operational areas help AP organizations future-proof themselves by overcoming barriers to digital transformation and benefitting from massive cost efficiencies and productivity gains. .

e2e 26

e2e Real-time Visibility Suppliers Supply Chain Optimization 26

Pipefy

MARCH 28, 2024

Business automation software, also referred to as no-code business process automation (BPA), has made digital transformation possible for many organizations. You may be among the millions who use it daily in applications such as digital assistance or GPS systems.

e2e 52

e2e Real-time Visibility Data Sourcing 52