Sourcing

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eProcurement Integration Challenges

[vc_row][vc_column][vc_column_text] EProcurement Integration Challenges are everywhere  Despite challenges, eProcurement systems are gaining traction eProcurement is a relatively new concept where an organization utilizes an automation tool to manage their corporate purchasing processes.  Deployed correctly and eProcurement systems can deliver many benefits, including:     Budget Process Streamlining Real-time Process Visibility Reduction of Maverick Spending More efficient practices resulting in better pricing End to end controls and process governance Cost and...

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Supplier Diversity Programs Tips

Supplier diversity programs are fast becoming a necessity in Enterprise businesses. It almost comes without saying that if you want to ensure competitiveness and a high-level of adaptability to the changing circumstances within all demanding markets, each and any business entity regardless of its shape or size is required to invest in new ways to improve their supplier diversity capabilities and capacities....

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Know Your Vendor Overview and Best Practices

Know Your Vendor overview and best practices Modern businesses face quite a few risks associated with an overwhelming number of financial transactions, where every single one of them presents a potential risk. So, what’s the best way to identify suspicious transactions on time, when you have to deal with the large number on a daily basis?...

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Integrating with a Supplier Network can be the key to unlocking the highest ROI from your financial automation tools. Nowadays; many organizations are looking for new ways to benefit from their supplier relationship through reduction of costs and prioritizing saving objectives. However, the key to successful improvement of supplier relationships should not be limited to these financial components....

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Vendor Portal Security

As the demand for secure, SaaS-based, Vendor Portals increases so too do the concerns about Vendor Portal SaaS Security. These concerns are not limited to Vendor Portal applications they are more ubiquitous across all on-demand solutions.   One of the major advantages of a SaaS-based Vendor Portal application is that it can be accessed virtually from anyplace at any time, as long as you have Internet connectivity. However,...

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