Blog
Vendor Management: Everything You Should know
What is Vendor Management? Vendor management is defined as the process that businesses and organizations use to maintain their suppliers (vendors). The vendor management process includes controlling costs, finding vendors,
What Does Procurement Mean? What You Should Know
Procurement is the process of sourcing and obtaining the goods and services a business needs to fulfill its objectives. Procurement is most generally associated with businesses because companies need to
Contract Lifecycle Management: Everything You Need To Know
What is contract lifecycle management? Contract lifecycle management refers to the proactive, methodical management of a contract from initiation through award, compliance, and renewal. Implementing contract lifecycle management (CLM) can
Expense Management: Everything You Need to Know
Expense management refers to the systems that a business has deployed to process, pay, and audit employee-initiated expenses such as travel and entertainment. Expense management comprises policies and procedures that
Group Purchasing Organization (GPO): What You Should Know
What is a GPO? A GPO or Group Purchasing Organization, also called a co-op, purchasing group, consortium, collective, coalition, or leveraged procurement group, exist to leverage their members’ combined purchasing
Fusce faucibus aliquam viverra
Lorem ipsum dolor sit amet, consectetur adipiscing elit. In efficitur, sapien sit amet hendrerit varius, nibh velit varius orci, sit amet convallis augue urna nec elit. Suspendisse tempor est eu
Maecenas hendrerit sem id lacus venenatis
Lorem ipsum dolor sit amet, consectetur adipiscing elit. In efficitur, sapien sit amet hendrerit varius, nibh velit varius orci, sit amet convallis augue urna nec elit. Suspendisse tempor est eu
Aliquam id augue vel nisi cursus condimentum
Lorem ipsum dolor sit amet, consectetur adipiscing elit. In efficitur, sapien sit amet hendrerit varius, nibh velit varius orci, sit amet convallis augue urna nec elit. Suspendisse tempor est eu
Lorem ipsum dolor sit amet
Lorem ipsum dolor sit amet, consectetur adipiscing elit. In efficitur, sapien sit amet hendrerit varius, nibh velit varius orci, sit amet convallis augue urna nec elit. Suspendisse tempor est eu
Procurement Partners Continues Investment in Executive Team to Capitalize on Growth
Procurement Partners, a leading provider of healthcare spend management and procure-to-pay technologies, announced it has appointed two new executives – Andrew Conway as Chief Financial …
Procurement Partners Welcomes Troy Thibodeau as Chief Marketing Officer
Procurement Partners, a leading provider of healthcare spend management and procure-to-pay technologies, is proud to announce it has appointed Harmeet Singh as President and CEO …
Procurement Partners Names Harmeet Singh President and CEO
Procurement Partners, a leading provider of healthcare spend management and procure-to-pay technologies, is proud to announce it has appointed Harmeet Singh as President and CEO …
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 …
EDI Invoice – Everything You Need to Know
Often referred to as Electronic Data Interchange or EDI, an EDI invoice is a digital version of an invoice or a bill that would otherwise …
What Does OCR Stand For?: Everything You Need to Know
OCR is an abbreviation for “Optical Character Recognition.” It is a technique that detects text within digital images or digitized documents. Any picture or a …
ACH: Everything You Need to Know
ACH transactions are online, bank-to-bank funds transfer filtered with the help of an Automated Clearing House (ACH) Network. The ACH network, according to Nacha, the …