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Going Green With Paperless Procurement
As society pushes the modern business world toward sustainable practices, the bottom line becomes about more than just finances. The green movement encourages companies to consider social and environmental factors in addition to economic concerns. Governments and regulatory bodies are […]
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Your Guide to Understanding The Difference Between Traditional Procurement Methods and Modern Procurement Automation
What’s the difference between traditional procurement systems and modern procurement automation? If you’re not sure, then you probably also don’t know why switching from a manual to an automated purchasing system can benefit your company. Automating procurement—particularly with a cloud-based […]
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How To Use Automation Software to Manage Direct and Indirect Procurement More Efficiently
Whatever the industry your company operates within, it relies on procurement to a certain extent. No company is entirely self-sufficient, and purchasing plays a key role in keeping a business running. For some companies, though, procurement is particularly important. It’s […]
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Facilitating Your Spend Management: Automation for Every Industry
Any business, large or small, has to deal with many of the same processes when it comes to spend management. This is also true for all types of businesses. On a broad scale, every industry needs to make purchases and […]
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Software Makes Managing Purchase Orders Easier for Growing Businesses
When you started your new small business, you probably didn’t invest in Procure to Pay software or automation for purchase orders. After all, how hard is it to just call your supplier or place an order online when you need […]
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5 Ways Automation Makes R+D Procurement Departments More Effective
In companies with a research and development (R&D) department, R&D often has very specific procurement needs. Getting R&D and procurement working together effectively can be a challenge, though. A breakdown in communication between the two departments can result in misunderstandings, […]
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Evaluating Your Procure-to-Pay Process to Prepare for Business Process Automation Software
What does your company’s procure-to-pay process look like? That might be a harder question to answer than you think. If you haven’t evaluated or mapped out your company’s procure-to-pay (P2P) process recently, then you likely don’t have a complete view […]
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Finding Ways to Improve Stakeholder Engagement in the Procure-to-Pay Process
17Procurement professionals work with a wide range of people throughout the company as well as suppliers outside the company. These internal and external stakeholders play a vital role in procurement. Engaging internal stakeholders and effectively managing external stakeholders can make […]
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Using Automation Software for Improved Procurement Spend Analysis
Procurement plays a vital role in company success through spend management. By leveraging procurement data and optimizing the procurement process, companies can improve cash flow, cut costs, and collect useful financial data. The process of collecting and analyzing the data […]
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Improve Supplier Relationships with Procurement KPI Tracking
Improve Supplier Relationships with Procurement KPI Tracking With the current state of the economy, tracking and analyzing spend is more important than ever before. To accurately assess the whole procure-to-pay cycle, your company needs to identify Key Performance Indicators. Tracking […]
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Slash Costs, Lower Risk: Procurement Automation in 2023
Every company needs procurement. Being able to reliably source needed supplies (everything from printer paper to essential parts) is vital to keeping a business running smoothly. In many companies, though, procurement is a process that’s challenging to manage efficiently. As […]
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Improve Procurement Visibility ASAP: 5 Must-Follow Steps
5 Steps to Improve Procurement Visibility (And Why You Need To Right Now) How is your company’s procurement visibility? If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain […]
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