Cloud Hosted Procurement Software

4 Reasons Why Procurement Directors Adopt Cloud Hosted Procurement Software

onpost_follow

Adoption of Cloud Hosted Procurement Software ultimately comes down to control. Software As A Service (SAAS) provides you with the necessary control as well as flexibility and security at an affordable price. With on-premise solutions technology, administrators typically feel more ownership over a solution. The technology is hosted in-house, it is their job to update […]

Read More
Strategic Sourcing

5 Strategic Sourcing Objectives for Businesses

onpost_follow

For all of the different definitions of strategic sourcing, the process comes down to one simple idea: Get the most for your money. The path of how to get there, though, can differ from organization to organization. By definition, strategic sourcing is an approach to purchasing goods and services. Instead of simply looking for good […]

Read More
Spend Analysis Software

Why You Need Automated Spend Analysis Software to Forecast Cost Savings Opportunities

onpost_follow

What does the third quarter of 2021 hold for your business? While the most optimistic of business owners may predict continued steady growth, a burgeoning market filled with opportunity, streamlined purchasing process generating significant cost savings and a talented workforce ready for the challenge, the reality is no one really knows. Every business faces a […]

Read More
Strategic Sourcing

Strategic Sourcing and Its Importance in the Procurement Process

onpost_follow

Every business’s goal is to generate profits. Every business, in theory, seeks to optimize its resources, thereby keeping costs at a minimum, which, in turn, leads to higher profit. Businesses, especially large corporations, invest significantly in supply chain management, or SCM, wherein the business will implement a strategy that streamlines activity during the procurement process […]

Read More
Audit Your Procure to Pay Process

How to Audit Your Procure to Pay Process for Better Efficiency

onpost_follow

For many businesses looking to secure raw materials and optimize their supply chain, the procurement process is complex. It involves many steps, interactions with suppliers at various stages, and multiple team members moving individual purchases and transactions along to the payment stage. For greater business efficiency, optimizing your procure to pay process is crucial. By […]

Read More
automated P2P solutions

Strategies for Easier Implementation of Automated P2P Solutions

onpost_follow

Trying to manage enterprise spend is one of the biggest challenges for procurement managers and their teams. Automation can streamline the procure-to-pay (P2P) process. However, implementing new automated P2P solutions can bring a new set of challenges. Procurement typically starts with an identification of a requirement and ends with paying the supplier. In-between is a […]

Read More
Leveraging Spend Analysis Software to Monitor Supplier Compliance

Leveraging Spend Analysis Software to Monitor Supplier Compliance

onpost_follow

Spend analysis software plays a key role in every e-Procurement solution. In the digital age, most procurement managers know that performing a thorough, automated spend analysis can lead to a fortune in cost savings. However, you can also use spend analysis solutions to achieve a lesser-known benefit: supplier compliance. Below we will explore this hidden […]

Read More