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Making a Case for Procurement Automation
The majority of businesses have issues with certain aspects of the procurement process. Supplier management, buy requisitioning, invoice capture and invoice matching are just a …
Bundled Payments: Everything You Need to Know
Bundled payments are a form of Alternative Payment Models (APM). It refers to the compensation, in which the payment is made for a single episode …
9 of the Most Important Areas to Track Procurement Metrics: Everything You Need to Know
Procurement metrics are performance measurement tools employed to measure and assess the effectiveness of a company’s procurement administration. These KPIs or metrics assist a company …
Vendor Relationship Management: Everything You Need to Know
The procurement process, in general, involves two to three different parties. They are the client company, a distributor and a vendor or supplier. However, in …
Need to Reduct Costs? Smarter Spend Analysis is Key
Every business strives to reduce operating costs across the board while boosting profitability, but it’s not easy. Businesses that do not gather and analyze internal …
Top Procure-to-Pay Trends You Can’t Ignore
The procure-to-pay process is a series of interconnected and synchronized actions performed to meet a need for products or services in a timely and cost-effective …