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Modern Spend Management and Accounts Payable software. How better management in AP can give you better flexibility for cash flow management. Tools like PLANERGY enhance supplychainresilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.
As I've experienced with NetSharx clients transitioning to Unified Communications as a Service (UCaaS), scalable solutions allow businesses to grow without major overhauls, ensuring the procurement tool can support evolving needs and integrating emerging technology like AI and SD-WAN. Better records mean better outcomes.
Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. This evolution reflects broader changes in business priorities, technological advancements, and the increasing complexity of global supplychains.
Modern Spend Management and Accounts Payable software. Vendormanagement has also improved, with automated tracking tools helping procurement professionals negotiate better terms, meet deadlines, and build trust with suppliers.[2][6] What's PLANERGY? 9] Risk mitigation is another driver.
As per the experts “ PLAN for 2023 requires a synergy between people, process and technology aspects.” Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supplychain, invoicing, contracting, and payments.
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