Obobo

JULY 1, 2022

Technologies available today could automate more than half of the source-to-pay process. Lower procurement costs, greater savings, and more opportunities to pursue new sources of value. Source to pay process: 1. Sourcing 3. Accounts Payable (invoice & PO processing) 9. The potential? Internal Demand 2.

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. No longer can strategic sourcing be just in time and just in case. Download Free Copy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Sourcing Advisors Group

OCTOBER 27, 2020

Tier 1 suppliers) and most have virtually no visibility into the remaining base, which typically account for 90%+ of all suppliers and at least 50% of the total vendor spending. The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams.

Risk Management 52

Risk Management Risk Management Efficiency Strategic Sourcing 52

Planergy Software

OCTOBER 17, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

Accounting 52

Accounting Finance Banking Strategic Sourcing 52

Planergy Software

DECEMBER 25, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

Finance 52

Finance Software Automation Analytics 52

Planergy Software

JULY 27, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Software can help automate and streamline your processes. As you evaluate options, consider ease of use, functionality, security, cost, and integration with other systems, such as your ERP or accounting software.

Data Entry 52

Data Entry Finance Software Accounting 52

IBM Services

DECEMBER 13, 2023

Procure-to-pay (P2P) software links procurement practices to accounts payable and can streamline steps such as supply management, purchase orders and invoicing. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.

Administrative 73

Administrative Sourcing Collaborations Strategic Sourcing 73

Planergy Software

MAY 30, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Implementing an automated travel and expense management solution is the best way to overcome this challenge. The best way to overcome this challenge is to automate as much of the process as possible.

Management 52

Management Automation Finance Reduced Overhead 52

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Business budgeting software automates many of the manual processes, allowing you to quickly develop comprehensive financial plans without sacrificing accuracy or detail. 12 months) as new data becomes available.

Finance 92

Finance Software Accounting Management 92

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Corporate travel management software streamlines business travel processes by automating tasks such as booking flights, tracking expenses, and providing insights into travel spending patterns.

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

OCTOBER 26, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Download PDF What’s your goal today?

Inventory Management 52

Inventory Management Sales Manufacturing Finance 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Automate Tail Spend Analysis Tail spend analysis can be a time-consuming and labor-intensive process. To make it easier, companies can leverage technology to automate the process of spend analysis.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. Class B: These purchases account for 15% of the total cost of purchases for 30% of suppliers.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That means working with agile partners, which most standard procurement strategies don’t account for. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Download Free Copy. Written by.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

Planergy Software

APRIL 7, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. With automated processing, you can control spend and improve the bottom line. Predictive procurement, also known as predictive sourcing, is more than the latest trend in procurement. Download Free Copy. Written by.

Analytics 52

Analytics Strategic Sourcing Robotics Process Automation Out-Tasking 52

Obobo

JANUARY 15, 2023

This can be accomplished through a variety of methods, such as negotiating better prices with suppliers, streamlining the procurement process, or using procurement software to automate repetitive tasks. In addition, automating the procurement process can help eliminate errors and save time, which can further reduce costs.

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Different Types of Budgeting Methods There are various different types of budgets and budgeting models in accounting. How to gain visibility and control of your indirect spend.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Download PDF What’s your goal today?

Finance 52

Finance Reduced Costs Management Risk Management 52

SIG Speaks

APRIL 14, 2022

The paper then goes on to say that “the teams that should collaborate most directly are those focused on strategic sourcing and procure-to-pay.” The author then adds that "a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.".

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Planergy Software

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. But P2P solutions also include the accounts payable process, which is traditionally part of the finance department.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. Procurement teams can use e-procurement software and other tools to automate processes and reduce manual labor. Look for ways to automate manual processes and eliminate unnecessary steps.

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Obobo

FEBRUARY 14, 2023

Automate where possible. Automation can help you reduce errors and speed up processes , leading to cost savings. Sourcing from low-cost countries: Another way to avoid costs is to source goods and services from countries where labor and materials are relatively inexpensive. Streamline your processes. Use data analytics.

Automation 52

Automation Strategic Sourcing Sourcing Analytics 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For businesses, a dedicated spend management software , like Planergy, with automated spend analytics and drill down reporting makes this much easier. How to gain visibility and control of your indirect spend.

Finance 52

Finance Insurance Software Management 52

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What to Do About It Establish an emergency fund to account for changes in exchange rates and cost overruns. This could include devoting more resources to maintaining operations, using cloud-based tools, automation, and more.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Leverage technology solutions to automate procurement procedures , improve compliance, and reduce costs. – Use innovative technologies to automate procurement processes.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Download PDF What’s your goal today?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

SIG Speaks

DECEMBER 13, 2022

Total Cost Of Ownership (TCO): TCO is another topic, along with Cost Modelling, helping me finalize supplier/product based on Initial Purchase price (Capex) but taking into account all costs associated throughout the product lifecycle. Identify Process Gaps in existing procurement models & scope for improvement/automation.

Co-Sourcing 40

Co-Sourcing Sourcing Strategic Sourcing Engineering 40

Planergy Software

OCTOBER 13, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Set Up An Amazon Business Account. What Is an Amazon Business Account. Benefits of an Amazon Business Account. Disadvantages of an Amazon Business Account. How To Set Up an Amazon Business Account.

Accounting 52

Accounting Banking Finance Strategic Sourcing 52

Planergy Software

DECEMBER 12, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Download PDF What’s your goal today?

Finance 52

Finance Government Redistribution Administrative 52

The Hackett Group

AUGUST 10, 2021

Digital Awards – In early July, The Hackett Group announced the winners of its 2021 Digital Awards , which spotlight companies that are on the cutting edge of using digital transformation solutions, including automation, advanced analytics, and AI to hyper-automate end-to-end business operations.

Research 52

Research Analytics Sales Finance 52

Planergy Software

MARCH 24, 2022

Implement a Supplier Management System Using technology and the power of Automation in your purchasing process can help improve efficiency while minimizing communication issues. Use PLANERGY to manage purchasing and accounts payable. It also involves risk management, supplier relationship management (SRM), and contract management.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Through the relationships you build, you’ll have more accountability and better service quality. In addition, Preferred Vendors are held accountable for delivering on promises and providing higher levels of service.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic Sourcing 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Review your budget regularly and adjust it as needed to account for unexpected costs. Not accounting for inflation. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy. Written by.

Management 52

Management Out-Tasking Finance Software 52

Obobo

AUGUST 2, 2022

In addition to data you capture and measure objectively, these KPIs should also take into account contextual factors and qualitative observations. By utilising technology and automation in your procurement, you can improve efficiency and save money while minimising communication problems. Establish a Supplier Management System.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Planergy Software

APRIL 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Because of this, they don’t have a structured method to account for the impacts it’s made of. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy. Written by. Download PDF.

Finance 64

Finance Strategic Sourcing Government Management 64

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Implementing Your Policy Customize the template to your needs, and automate it when possible. How to gain visibility and control of your indirect spend. Deploy the policy with employees, and collect feedback.

Finance 52

Finance Regulations Insurance Management 52