integration in new spend management solution

The Importance of Integration in Your New Spend Management Solution

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When deciding between different spend management solutions, it’s crucial to consider their ability to integrate with your current ERP software. Integrating your new spend management solution with your ERP software will enable the two systems to securely and efficiently share key data and insights. The result will greatly enhance your capacity to make informed data-driven […]

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e-sourcing software

Boosting Your Bottom Line With e-Sourcing Software

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In 2017, cost savings is critical to every competitive enterprise. However, thanks to the increasing complexity of global supply chains and bidding processes, enterprises in the digital era struggle to maintain the degree of control over their sourcing and procurement necessary to consistently minimize costs. This is why strategic sourcing, centered around a robust e-Sourcing […]

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excel to track spend

If You’re Still Using Excel to Track Spend, You’re Working Harder not Smarter

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While the need for spend analysis in procurement is irrefutable, organizations continue to rely on outdated and ineffective methods of spend analysis in their sourcing and procurement life cycle. Excel spreadsheets can help you track your spend but if you’re still using them, you’re working harder than you need to be and you could be […]

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reasons reverse auctions fail

6 Reasons Why Reverse Auctions Fail

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When used for sourcing the right category, reverse auctions can be incredibly beneficial for any business. They’re a great way to drive cost savings while providing a more transparent and efficient sourcing process. However, organizations often make one or more key mistakes in the reverse auction process leading to disappointing results. What can be avoided […]

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automated procurement solution

Can One Automated Procurement Solution do it All?

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There is an automation revolution going on which experts have referred to as The Fourth Revolution. Through digital networks, the world has become increasingly connected, dramatically improving organizational efficiency and the management of assets. This explosion in the use of Cloud technology has resulted in advancements in automated procurement solutions. The question is… Can one automated […]

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