Inaccurate Vendor Data Can Make Critical Corporate Initiatives Seem Foggy. From procure-to-pay, supplier diversity and tax compliance to strategic sourcing and social responsibility, vendor data touches multiple processes and can have a dramatic impact on priorities throughout an organization. Without current, accurate vendor data, a long list of corporate initiatives can be rendered unmanageable or even impossible to execute....
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Six Reasons Why You Need AP Help Desk Solution The Performance of your Accounts Payable department has a profound and direct impact on the status of your company’s profitability and finances. To maximize efficiency in Accounts Payable, you need to have seamless communication with all of your suppliers and internal stakeholders. Depending on the size of your enterprise there may be a tens-of-thousands of transactions requiring payments...
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Supplier evaluation checklist strategies vary from company to company, but in all cases, can be a proactive way to expand your organization’s ability to attract and maintain the right suppliers....
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SaaS based Supplier Portal Software Requirements. Almost all the modern businesses around the world pay significant attention to SaaS based supplier portal software solutions. In fact, when used correctly, supplier portal software is capable of delivering enormous productivity. However, if a particular business or an organization intends to utilize such a system, it is compulsory for them to have a good awareness of IT....
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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 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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ERP upgrades can be an expensive, challenging and inflexible. One System to manage all Enterprise Resource Planning has been an intriguing concept the world over. Just the whisper of ERP upgrades grabs the attention of both IT and finance executives everywhere....
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Experts advise that you make an eInvoicing checklist of steps before you deploy any new purchasing system. Implementing an eInvoicing system can be quite a complex and demanding process....
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Good Internal Controls – The Core of Supplier Onboarding. Both in the Accounts Payable and Procurements departments will usually result from good controls throughout the organization....
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Supplier Self Service Portals – 5 Reasons Your Business Should Embrace the Future. Supplier Self Service Portals are quickly becoming a necessary component of business. Nowadays, corporations are under tremendous pressure to increase the amount of supplier and customer service support they deliver without increasing the size of their teams. Though this sounds like a true mission-impossible scenario, there are some new tools that can...
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