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Facilitating Your Spend Management: Automation for Every Industry
- 11:05 am
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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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Here’s How BPA Software Can Help Your Company Manage All Types of Expenses
- 11:19 am
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Managing expenses is a key aspect of maintaining a company’s financial health. There are several different types of expenses. A few examples include capital expenses for major projects, day-to-day operational expenses, and employee travel expenses. These different types of expenses […]
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5 Ways Automation Makes R+D Procurement Departments More Effective
- 2:10 pm
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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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Finding Ways to Improve Stakeholder Engagement in the Procure-to-Pay Process
- 12:30 pm
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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
- 12:30 pm
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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
- 1:25 pm
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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
- 12:05 pm
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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
- 1:15 pm
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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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Finally Optimize Your Procurement Workflow Automation
- 12:56 pm
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Do you want to optimize your procurement process? The answer is obvious: yes! Every company can benefit from a more streamlined and efficient procurement process. This is especially true now that supply chains can be so unpredictable. Procurement is a […]
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To Receive or Not To Receive: Inventory Management and Three-Way Matching
- 12:28 pm
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Every company needs a way to handle procurement. Whether your company is a small business ordering printer paper and ink, a manufacturer relying on the purchase of materials and parts to do business, or a multi-national corporation handling everything from […]
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Streamline Procurement with An Innovative New Feature for Processing Purchase Order Acknowledgements
- 12:35 pm
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Here at Next Process, we’re always on the lookout to develop new features and make our products more useful to clients who are using our software. Part of this process involves listening to requests and suggestions from current clients, which […]
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Links Between Employee Retention and Business Process Automation
- 2:41 pm
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Losing a valued employee is a blow to any business. Nowhere is this truer than in departments like accounts payable and procurement. So many key business processes happen in these finance departments that it can take quite a while to […]
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