There are many areas where AI can be beneficial to back-office operations. AI increases performance, lowers vendor risk, and decreases costs in procurement operations. Here are some key areas where procurement practitioners can utilize AI to make a significant impact...
Vendor portals offer many benefits to procurement departments. In this blog, we will look at some general benefits these highly collaborative, cloud-hosted portals provide. Then, we’ll dig a little deeper into some specific procurement-related functionality....
The financial back-office – accounts payable, accounts receivable, procurement, payroll, etc., is often considered necessary but not strategic. As a result of this view, the back office doesn’t get the executive exposure needed to unlock the value hiding...
What Is PO Dispatch & Update? PO dispatch and update refers to the processes involved in managing purchase orders from creation to completion, ensuring on-time delivery to vendors. This also includes tracking any changes until the PO is ultimately fulfilled and...
Supplier onboarding is as varied in 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 differences in approach stem from industry...
