For many companies, vendor management is treated as just another back-office function to be administered by procurement and accounts payable. But are those companies putting their organizations at risk, or at the very least missing out on opportunities for more...
The traditional office setting, with its rows of desks and cubicles, is undergoing a shift. As technology continues to evolve, an increasing number of companies are embracing a remote work model. This trend is particularly evident in the back office, where tasks such...
Thinking outside of the ERP box benefits your organization by giving you opportunities to fill the ERP gaps, costing your company time, money, and opportunity. In the past, the pendulum has swung from companies adopting best-of-breed solutions to opting for...
How AP automation can benefit your organization Accounts payable automation continues to provide tremendous value to many organizations decades after tools such as OCR and electronic workflow were developed. With the advent of vendor portals, dynamic discounting,...
More and more companies are tracking their diverse vendor population and reporting on purchase percentages and total spend with these diverse vendors. Many companies have redoubled their efforts or started new initiatives to ensure their organizations have diversity...
Like many things, technology and technology-based solutions tend to go in cycles. Lately, the pendulum seems to be swinging back to best-of-breed solutions to address a myriad of business issues. This reverses a cycle where many CIOs chose to use ubiquitous ERP...
What Is PO Dispatch & Update? PO dispatch and update refers to the processes involved in managing purchase orders from when they are created to completion, ensuring on-time delivery to vendors. This also includes tracking any changes until the PO is ultimately...
The function of onboarding suppliers is as diversified in the process and execution as any business process. Every organization takes a somewhat different approach to vendor onboarding and building a database of qualified, potential vendors. Some of the...
The COVID-19 pandemic brought about many changes in our daily lives, many of which were temporary. But other aspects of our daily and professional lives will be changed for the long term. One such example is the rise of the remote workforce. Aiding in the adoption of...
As the economy starts to reopen and business is starting to boom, labor is still hard to find despite high percentages of unemployment. This trend favors companies that value efficiency and are willing to invest in back-office applications that promote high levels of...
