AI-assisted data capture and traditional OCR (Optical Character Recognition) applications are both capable of extracting data from various sources such as documents, images, or scanned files. However, there are some significant performance differences between these...
Automating the vendor onboarding process can provide many benefits in addition to significant cost savings for businesses. Below we discuss a number of the benefits of implementing a cloud-hosted, automated vendor onboarding process: Let’s start the discussion...
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 at some specific procurement-related functionality....
What is it? Vendor self-service is a term used to describe a set of tools and processes that allow vendors to manage their information and interactions with a company. The importance of vendor self-service cannot be overstated. It is a way for businesses to empower...
What is Compliance? Within business, compliance is defined as the confirmation that a provider of a service, or a manufacturer or supplier of goods, adheres to all the requirements, regulations, legislation, and specific standards and policies of a contract or a...
