Tipalti

MARCH 28, 2024

Procurement automation can help you streamline purchasing workflows, improve efficiency, and drive cost savings. Empower your organization with the tools needed to navigate the future of procurement seamlessly.

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Tipalti

DECEMBER 29, 2023

Procurement software streamlines, secures, and speeds up an organization’s procurement process. But which procurement solution best matches your needs?

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NextProcess

MARCH 29, 2024

In companies with a research and development (R&D) department, R&D often has very specific procurement needs. Getting R&D and procurement working together effectively can be a challenge, though. Business process automation (BPA) software streamlines procurement.

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Tipalti

JANUARY 19, 2024

Streamline purchasing, boost sourcing, and ultimately increase your bottom line by following procurement best practices. Get more out of your procurement process.

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Nanonets

NOVEMBER 14, 2023

E-Procurement, also known as supplier exchange, is the use of digital tools and technologies to streamline and automate the requisition, ordering, and purchasing of goods and services in a business-to-business context. In this article, we shall look at how E-Procurement works and discuss its benefits. How does E-Procurement work?

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Accounting Tools

OCTOBER 3, 2023

Related Courses Contract Management How to Audit Procurement Purchasing Guidebook What is Procurement? Procurement refers to the activities required to obtain goods and services from suppliers. Steps in the Procurement Process The standard procurement steps are: Department submits a purchase requisition for a specific item.

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NextProcess

OCTOBER 22, 2023

Improve Supplier Relationships with Procurement KPI Tracking With the current state of the economy, tracking and analyzing spend is more important than ever before. To accurately assess the whole procure-to-pay cycle, your company needs to identify Key Performance Indicators. It’s pretty much the opposite of maverick spend.

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Tipalti

OCTOBER 24, 2023

Learn how to set up NetSuite procure to pay step-by-step, so you can start streamlining your procurement process and boost productivity.

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NextProcess

NOVEMBER 10, 2023

Procurement plays a vital role in company success through spend management. By leveraging procurement data and optimizing the procurement process, companies can improve cash flow, cut costs, and collect useful financial data. The process of collecting and analyzing the data related to procurement is called spend analysis.

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NextProcess

SEPTEMBER 26, 2023

5 Steps to Improve Procurement Visibility (And Why You Need To Right Now) How is your company’s procurement visibility? Companies struggling with visibility in procurement are far more common than those with full visibility. In procurement, low visibility means a lack of transparency regarding procurement operations.

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Nanonets

MAY 31, 2023

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While  While there are two participants in a procurement process – the buyer and the seller, it is the act of procurement by the buyer that is referred to as the procurement process.

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Nanonets

SEPTEMBER 23, 2023

In today's competitive business world, mastering  procurement management  is essential to unlock  growth  and maintain a competitive edge. A well-executed  procurement strategy  can make all the difference in achieving  business success.

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NextProcess

NOVEMBER 10, 2023

These internal and external stakeholders play a vital role in procurement. Engaging internal stakeholders and effectively managing external stakeholders can make a huge difference in how well a procurement department performs. Though often traditionally siloed, procurement can play a collaborative and strategic role in companies.

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Outsourced Bookeeping

FEBRUARY 26, 2024

One area where CFOs can significantly impact their organization’s bottom line is through strategic accounts payable (procure to pay) outsourcing. In this blog, we explore how CFOs can harness the power of accounts payable (procure to pay) outsourcing to propel their organizations toward future success.

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Nanonets

JANUARY 25, 2024

Second, for best results, it requires tight collaboration with related departments such as procurement, treasury and supply chain, among others. Here are several key targets to consider for educating accounts payable professionals on trends and developments in AP and Procure-to-Pay (P2P) automation.

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NextProcess

JANUARY 26, 2024

When discussing how to manage spend in the procure-to-pay process, we often think of spend management as involving budgeting, procurement, accounts payable, and payment. Much like procurement, T&E involves employees making business purchases that the company is going to pay for.

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NextProcess

DECEMBER 1, 2023

What does your company’s procure-to-pay process look like? If you haven’t evaluated or mapped out your company’s procure-to-pay (P2P) process recently, then you likely don’t have a complete view of all the steps in the process. It’s common for companies not to have full visibility into the procurement process. accounts payable).

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NextProcess

AUGUST 25, 2023

For many years, most procurement teams focused on operational expenses (OpEx) rather than capital expenses (CapEx), which were managed by other departments. However, there is also a lot of overlap in the procurement process. In terms of BPA software, a procurement system that generates purchase orders is a big help for managing OpEx.

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Nanonets

FEBRUARY 15, 2024

Procurement is a pivotal function for any business upon which the pillars of efficiency, cost management, and strategic sourcing rest. What is Procurement? Procurement is a strategic business function handling the sourcing, acquisition, and management of the resources needed for organizational operations.

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NextProcess

JUNE 8, 2023

Part of this process involves listening to requests and suggestions from current clients, which is what led to a new feature we’re developing as part of our procurement and purchasing software. This new feature will help streamline procurement by making the process of verifying and acknowledging purchase orders (POs) more efficient.

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AvidXchange

AUGUST 25, 2022

In the B2B world, this is known as the procure-to-pay process. Table of Contents What is Procure-to-Pay? The procure-to-pay (also known as purchase-to-pay or P2P) process is the cycle in which businesses inquire, request, receive, and then pay for raw goods and services. What is Procure-to-Pay Software?

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NextProcess

NOVEMBER 28, 2022

Software to aid in managing procurement, accounts payable, and capital expenses gives you greater insight into cash flow and the tools you need to budget effectively. Our CapEx software also integrates seamlessly with your existing ERPs and our other software modules, including the procurement software.

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Ascend Software blog

AUGUST 18, 2021

If you've been in the Finance and Accounting world for a while, this should be nothing new to you. But, for everyone else, we've organized it into eight simple steps.

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CAAPS

FEBRUARY 9, 2016

Procurement of goods is a vital corporate function. Needless to say, an efficient workflow that starts from procurement and ends in paying for the goods is very important to ensure that expenses are within the company’s budget and that costs are kept at a minimum. The post Why Procure to Pay? appeared first on CAAPS.

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AvidXchange

APRIL 1, 2019

As the costs of purchasing continue to rise, it’s important that business owners follow best practices when it comes to the procurement process. For this reason, you’ve got to transform your procurement process across your supply chain to achieve “best in class” status. What is the procurement process?

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SAP Accounts Payable

JANUARY 6, 2023

As a Procurement or AP professional you might be wondering what you can do to set your organization up for success. Change the mindset or perception of what procurement is in your organization. There are all these preconceived notions of what people think procurement is. Are you ready?

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Accounting Today

NOVEMBER 1, 2023

In this Vendor Spotlight, we learn more about procure-to-pay solution Airbase.

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Accounting Department

APRIL 6, 2023

Supply chain management deals with areas of procurement, operations, logistics, marketing channels, and more so that businesses can simply operate and deliver within their industry.

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Cevinio

MARCH 5, 2024

Explohow the use of AP Automation technology software is benefiting not only Accounts Payable (AP) but the entire procure-to-pay (P2P) cycle. […]

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Compleatable

JULY 4, 2023

I’ve found four free procurement training courses which are aimed at a range of levels from beginner to advanced. Free procurement courses from Udemy The first site offering free procurement training courses is Udemy. Alison The second option for the procurement professional to keep educating themselves is Alison.

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Tipalti

APRIL 29, 2024

Purchase order forms are a key element of any procurement process, but can differ in format and purpose. Learn how to create your own purchase order form to fit your business’s needs.

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Tipalti

APRIL 29, 2024

Learn how to optimize and future-proof your purchase requests by overcoming fragmented, siloed workflows by using modern procurement tools, such as procurement automation.

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Accounting Today

JULY 24, 2023

The federal contractor reached one of the largest procurement fraud settlements in history over a civil investigation related to its cost accounting.

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Accounting Today

AUGUST 3, 2023

head of procurement on leave. Since Altice co-founder Armando Pereira was detained in Portugal as part of a criminal investigation into alleged corruption, tax fraud and money laundering, the company has suspended contracts with about 60 suppliers, launched internal audits, and has put its U.S.

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Accounting Tools

APRIL 17, 2024

Understanding Life Cycle Costing The life cycle costing concept applies to multiple areas, including capital budgeting, procurement, engineering, and customer service. We examine these areas below.

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Xero

MARCH 5, 2023

Make procurement a breeze with Zeemart Zeemart is a B2B procurement platform that provides F&B operators an overview of their ordering data. The F&B operator will be able to order from any of their suppliers on an easy-to-use interface, track total spending by supplier/category/SKU and track all price changes.

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Tipalti

MARCH 28, 2024

Learn how to streamline procurement processes, maximize efficiency, and empower your organization's purchasing operations with our ultimate guide to purchase requisitions.

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