Sourcing Captain

SEPTEMBER 28, 2021

Sourcing products from a low-cost country such as China can make a huge difference to your top and bottom lines. However, your success depends a lot of how to create and implement your sourcing strategy. Here are some tips that will help you create a profitable China sourcing strategy. Tip 1: Look beyond the Production Costs.

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Sourcing Captain

AUGUST 25, 2021

In today’s hugely competitive global markets, everyone strives to reduce their sourcing costs while still maintaining the quality. Effective sourcing of goods from suppliers is more important today than it was ever before. For this reason, strategic sourcing has become central to every organization’s procurement policy.

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Magellan Solutions

APRIL 24, 2024

Frequently viewed as a behind-the-scenes cost center, the Accounts Payable (AP) department is an often overlooked and underestimated process. However, the accounts payable services department goes beyond just disbursing funds. The accounts payable department does vital work to keep vendors happy. Accounts payable department 4.

Accounting 52

Accounting Service Data Entry Automation 52

IBM Services

MARCH 27, 2024

In simpler terms, these emissions arise from external sources, such as emissions associated with suppliers and customers and are beyond the company’s core operations. See AI Assist in action within the IBM Envizi ESG Suite The post Accelerating scope 3 emissions accounting: LLMs to the rescue appeared first on IBM Blog.

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Accounting Sourcing Supply Chain Management Efficiency 79

IBM Services

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

IBM Business Partners

SEPTEMBER 5, 2023

Open-source software. DevOps, open source and the mainframe Open-source software and DevOps share a common philosophy and technical underpinnings. GitOps gets its name from Git, the hugely popular, open-source code-management tool. Such an architecture includes many open-source elements.

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IBM Services

SEPTEMBER 27, 2023

There are two types of these generative AI models: proprietary large language models and open source large language models. On the other hand, open source LLMs are free and available for anyone to access, use for any purpose, modify and distribute. What are the benefits of open source LLMs?

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Sourcing Research Out-Tasking Government 98

Capgemini

MARCH 15, 2024

Digitalize your helpdesk to drive frictionless accounts payable Mahalakshmi Ramakrishnan 14 Nov 2022 Facebook Linkedin Implementing a next-generation, self-service accounts payable platform drives a faster, more transparent, reliable, and frictionless purchase-to-pay process that delivers increased customer and employee satisfaction.

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Accounting Analytics Efficiency Service 52

inDinero

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Getting into legal troubles.

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Obobo

JULY 1, 2022

What Is Source-To-Pay (S2P)? Source-To-Pay Vs Procure-To-Pay. What Is Source To Pay (S2P)? An S2P is a sourcing and procurement process in which suppliers are sought out, negotiated with, signed up for, and eventually paid for their products or services. What Is The Source to Pay Process? Source to pay process: 1.

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Sourcing Accounting Software Automation 52

AS White Global

AUGUST 4, 2022

No matter how big or how small your company is, accounting services are essential in supporting the day-to-day operations of your business. With advancements in technology – from automated accounting software to cloud-based platforms – tedious and time-consuming accounting tasks can now be done more efficiently with more accurate results.

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Paysquare

AUGUST 7, 2023

Outsourcing accounts have gained popularity because of several factors. It allows businesses to focus on core competencies while delegating non-core accounting functions to specialized experts. Outsourcing provides access to advanced accounting technologies and expertise that may be otherwise difficult to obtain in-house.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

NoonDalton

FEBRUARY 8, 2024

In this cutthroat landscape, where every advantage counts, talent sourcing emerges as a linchpin strategy for businesses striving to stay ahead. Thus, talent sourcing isn’t just a mere task; it’s a strategic imperative that directly impacts a company’s bottom line and market position.

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Sourcing Outsourcing Analytics Reduced Overhead 52

Magellan Solutions

SEPTEMBER 9, 2022

The Problem with Accounting AI and the Role of BPOs. Over 70% of leaders in finance and accounting, advisory and tax services, think that Artificial Intelligence (AI) will affect data-driven insights, according to the EY 2020 Global Tax and Transformation survey. The need for AI specialists and accountants is growing.

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Perficient Digital Transformation

NOVEMBER 10, 2023

When they need to change direct deposits, clear checks, or open new accounts at a bank, their funds often remain untouched. Transaction Accounts Regulators classify transaction accounts under the Monetary Control Act of 1980 and the Federal Reserve Regulation D for federal reserve requirements on deposit liabilities.

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Accounting Banking Retail Risk Management 52

Planergy Software

DECEMBER 15, 2022

GL Accounts: What Are They and How Do They Work in Double-Entry Accounting. Accounting Financial Reporting. The general ledger is the foundation of double-entry bookkeeping, and helps with all other accounting records and financial documents, including income statements. Download Free Copy. Written by. Keith Murphy.

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Paysquare

SEPTEMBER 11, 2023

Accounting is one such significant factor of every business firm that provides us with detailed information regarding the existing financial condition of the firm, cash outflows as well as inflows, other financial aspects, etc. Having an eye over the accounts of a business is crucial in the decision-making procedure, too.

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Accounting Payroll Government Regulations 52

NoonDalton

JANUARY 1, 2024

In the landscape of modern business practices, Impact Sourcing has emerged as a transformative approach that not only drives corporate social responsibility but also contributes to inclusive economic growth. Understanding the true impact of Impact Sourcing initiatives is crucial.

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Intelligent Sourcing

FEBRUARY 6, 2023

The reality is that only 64% […] The post The Arvato/British Gas scandal highlights the difference between accountability and responsibility appeared first on Intelligent Sourcing.

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Accounting Regulations Sourcing Marketing 52

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. Disadvantages of an Amazon Business Account.

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Accounting Banking Finance Strategic Sourcing 52

NoonDalton

NOVEMBER 17, 2021

They can also be a source of encouragement and support. They will assist you in developing a strategy and will keep you on track and accountable. Accounting & Bookkeeping. The post How Executive Coaching can Help CEOs Remain Accountable appeared first on Noon Dalton. Customer Support. Recruitment Process Outsourcing.

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Accounting BPO Advisory Insurance 98

Planergy Software

AUGUST 21, 2023

Download Free Copy Accounts Payable Cash Flow: How AP Impacts Cash Flow and Your Cash Flow Statement Written by Mary Girsch-Bock 19 min read Accounting Cash Flow Financial Planning & Analysis (FP&A) Download PDF IN THIS ARTICLE What Are Accounts Payable? How Does an Increase in Accounts Payable Affect Cash Flow?

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Accounting Finance Automation Supply Chain Management 52

Automation Anywhere

MAY 13, 2021

Accounts payable teams are responsible for payments of goods or services purchased on credit. As a result, most AP automation programs focus only on the “direct spend,” the top accounts with the highest potential ROI—invoices from approved, high-volume vendors that the teams regularly interact with.

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Accounting Robotics Process Automation Automation Reduced Costs 95

Perficient Digital Transformation

JULY 27, 2022

I am an account director with Perficient, serving many of the largest healthcare organizations in the world. In addition to your work as an account executive, you’re also deeply committed to your community and family. To start, could you tell me more about your role and how you provide value to healthcare organizations?

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Accounting Healthcare Collaborations Insurance 69

Obobo

DECEMBER 15, 2022

What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. What is Strategic Sourcing Software? There are many benefits of using strategic sourcing software. Table of Contents.

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Strategic Sourcing Sourcing Software Out-Tasking 52

Future of Sourcing

JULY 10, 2023

The solution: an ezCater corporate account. Tags: Legal Digital Transformation Leadership Sourcing Strategy Procurement Region: Global This led to disorganization, wasted time, and a lack of reporting. GEODIS needed a way to organize all the company’s food spend into one place. Learn more!

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Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

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Sarah Holliman

DECEMBER 19, 2018

With so many avenues for entry, managing risk has become everyone’s job , and the sourcing organization is front and center as their direct relationship with third parties increasingly puts them in the driver’s seat. These breaches cost U.S. companies an average of $7,350,000 in fines, remediation costs and lost business. Consistency.

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SIG Speaks

SEPTEMBER 28, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Sophie McNally shares how there is no one size fits all approach when it comes to ESG and that each company has to take a deep dive into what will ultimately work best for them. Supplier diversity and inclusion - direct spend with diverse and underrepresented suppliers.

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Sourcing Right-Sizing Strategic Sourcing Advisory 40

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 6 Types Of Procurement Methods There are six commonly used procurement methods used when sourcing and evaluating suppliers for procurement. How to gain visibility and control of your indirect spend.

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SIG Speaks

NOVEMBER 28, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Daniel Coggins shares how his organiztion has adapted their sourcing strategies to best suit the current challenges the pandemic has created for the sourcing world. One area of sourcing that has been dramatically impacted is stakeholder management.

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SIG Speaks

OCTOBER 12, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Lauren Redden shares an excellent essay on the power of AI to transform the smart sourcing industry, in balance with the potential risks that companies must evaluate in employing more intelligent automation into their processes.

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Sourcing Strategic Sourcing Outsourcing Regulations 40

Perficient Digital Transformation

JUNE 28, 2022

In our last post we discussed the linkages between Journal Entries and the source transactions in Accounts Payable, Accounts Receivable, and Fixed Assets. This post continues the discussion with the linkages for the Purchasing, Project Accounting, and Cost Management applications. Project Accounting.

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Accounting Sourcing Manufacturing Engineering 110

Everest Group

MAY 16, 2024

The Big Four accounting firms have been steadily expanding their service horizons, casting a wider net in the managed services market in pursuit of growth and diversification. Read on for insights into the research. Both large and small providers need to strategically adapt in the FAO market due to increased competition from the Big Four.

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Premier BPO

JUNE 30, 2022

Choosing between hiring yourself, a recruiting firm, outsourcing or co-sourcing. Premier BPO’s Differential Cost for Co-sourcing. When Co-sourcing with Premier BPO, there is no cost incurred on your business. The post The Differential Cost – Co-Sourcing vs. Internal Hiring appeared first on Premier BPO.

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Everest Group

SEPTEMBER 27, 2021

Everest Group is a research firm focused exclusively on IT, business process, and engineering services – this specialization results in a depth of expertise that our clients find invaluable when making critical, strategic decisions related to their use and delivery of sourcing services. Accountability for actions and performance.

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