Obobo

JULY 14, 2022

To draft a policy that motivates vendors to comply while addressing indirect and direct costs of noncompliance, key stakeholders from accounting, operations, shipping, and procurement should be brought together. Clearly communicate expectations and accountability, and assign roles and responsibilities as necessary.

Reduced Costs 59

Reduced Costs Accounting Cost Control Risk Management 59

Obobo

JULY 31, 2022

To draft a policy that motivates vendors to comply while addressing indirect and direct costs of noncompliance, key stakeholders from accounting, operations, shipping, and procurement should be brought together. Clearly communicate expectations and accountability, and assign roles and responsibilities as necessary.

Reduced Costs 52

Reduced Costs Accounting Cost Control Risk Management 52

Planergy Software

SEPTEMBER 20, 2023

Allowing employees to take charge of their travel arrangements reduces the burden on travel managers or administrative staff, freeing them up to focus on other important tasks. Cost Control When employees are responsible for booking their own travel, they tend to be more mindful of costs.

Management 52

Management Right-Sizing Software Finance 52

Obobo

MARCH 19, 2023

– Contract monitoring and management: This involves reviewing and monitoring the contract to ensure that the vendor is meeting their obligations. – Risk management: VCM helps identify and mitigate risks associated with vendor contracts, such as cybersecurity threats, data breaches, or financial instability.

Management 40

Management Reduced Costs Automation Accounting 40

Obobo

MARCH 19, 2023

Improved compliance: A well-managed contract management lifecycle reduces the risk of non-compliance with legal, regulatory, and contractual obligations. Better cost control: With the help of contract management tools, organizations can gain a better understanding of their spending patterns across contracts.

Management 40

Management Reduced Costs Efficiency Regulations 40