Obobo

MARCH 21, 2023

Procurement and Finance teams are no different – they’re passionate about cutting costs and creating value for the company. We’ll cover the different types of savings, and provide concrete advice on how to identify those opportunities using the best practices of both Procurement and Finance departments. Table Of Content.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

MAY 5, 2022

With an effective and efficient procurement process, you can quickly deliver cannibal cost Improvement while enhancing supply chain agility. As a result, you can reduce costs while producing more for less to give yourself a competitive advantage. Risk mitigation is more than risk avoidance.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Planergy Software

SEPTEMBER 20, 2023

Corporate travel management software streamlines business travel processes by automating tasks such as booking flights, tracking expenses, and providing insights into travel spending patterns. Effective business travel management can lead to cost savings, increased employee satisfaction, and improved productivity.

Management 52

Management Right-Sizing Software Finance 52

Obobo

DECEMBER 17, 2021

Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics. To configure, manage, and track custom savings, procurement teams often use source-to-pay or finance software. Implement Cost Saving Practices. No credit card required.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Magellan Solutions

MAY 19, 2023

LACK OF ARTIFICIAL INTELLIGENCE (AI) AND AUTOMATION Piled up workloads and time-consuming tasks can be challenging. Integrating automation in manual processes can level up the game for businesses. Companies should take advantage of the rise of automation and AI. With AI and automation, enhanced productivity is a given.

BPO 52

BPO Outsourcing Management Out-Tasking 52

Obobo

MARCH 19, 2023

It involves ensuring that both parties fulfill their obligations, such as delivering goods on time and maintaining agreed-upon quality standards, while also mitigating risks and resolving disputes. Effective contract management can help organizations reduce costs, improve efficiency, and maintain good relationships with suppliers.

Management 40

Management Reduced Costs Risk Management Risk Management 40

Frevvo

JANUARY 3, 2022

In this article, we’ll take an in-depth look at procurement management, including what it is and why it’s important. We’ll also cover the steps in the procurement process and how you can use frevvo’s automation software to automate them. What Is Procurement Management? Why Is Procurement Management Important?

Management 52

Management Automation Software Out-Tasking 52

Frevvo

JANUARY 3, 2022

In this article, we’ll take an in-depth look at procurement management, including what it is and why it’s important. We’ll also cover the steps in the procurement process and how you can use frevvo’s automation software to automate them. What Is Procurement Management? Why Is Procurement Management Important?

Management 52

Management Automation Software Out-Tasking 52

Obobo

MARCH 19, 2023

Enhanced Compliance By keeping an up-to-date record of all contracts, their terms and conditions, and deadlines, a proper contract management system can help businesses maintain compliance with all relevant laws and regulations. Challenges of Contract Management Have you ever struggled to keep track of contractual agreements and deadlines?

Management 40

Management Collaborations Automation Out-Tasking 40

Planergy Software

SEPTEMBER 10, 2021

Procurement is the act of buying raw materials, goods, and services for a business, as guided by formalized procedures, internal controls, and processes related to not just finance, but inventory management, supply chain management, and supplier relationship management as well. Automating core procurement processes.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

Planergy Software

SEPTEMBER 8, 2022

Supplier relationship management is crucial for your operations. If suppliers feel like you’re constantly criticizing them or looking for ways to reduce costs, they may be less likely to want to do business with you in the future. This will go a long way with risk management. Collect Performance Data.

Management 52

Management Finance Flexibility Software 52

Planergy Software

MARCH 24, 2022

Create and Maintain a Supplier Database It’s crucial to own a detailed and current supplier database as this will help in planning, reducing costs, choosing new vendors, and promoting strong supplier relationships. It also involves risk management, supplier relationship management (SRM), and contract management.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

FEBRUARY 4, 2022

Final Thoughts No matter what business model you use, you’ll deal with risk management, asset management, and corporate governance. With good ESG practices, you can develop a business strategy that focuses on value creation through reduced costs, boosted productivity, solid asset management, and sustainable investing.

Right-Sizing 52

Right-Sizing Accounting Finance Government 52

Planergy Software

APRIL 19, 2023

Download Free Copy Accounts Payable: What Is It, Definition, Job Description, Process, and Software Written by Keith Murphy 32 min read AP Automation Invoice Processing Process & Procedures Download PDF IN THIS ARTICLE What Is Accounts Payable? This might be a department manager, the company accountant, or an accounts payable specialist.

Accounting 52

Accounting Jobbing Software Automation 52

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. In the past, the CFO served largely as a finance chief. For chief financial officers (CFOs), this need is even more urgent.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

IBM Services

DECEMBER 4, 2023

Companies large and small are increasingly digitizing and managing vast troves of data. ERP systems like Oracle’s streamline business processes and reduce costs, leveraging information to help organizations make better decisions in rapidly changing landscapes.

Efficiency 78

Efficiency Supply Chain Management Human Resources Reduced Costs 78

Planergy Software

MARCH 29, 2022

This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders. The automated AP system uses various visual formats to provide actionable insights that help business leaders make informed business decisions.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Metasource

MARCH 1, 2022

Facilitating transformation in the truest sense, today’s solutions incorporate e-forms, workflow automation, and content management platforms to eliminate manual tasks, enhance public service responsiveness, and create measurable internal operational efficiencies. Finance, controller, budget, and management offices.

Government 52

Government Robotics Process Automation Human Resources Automation 52

Obobo

MARCH 19, 2023

Contract management software is a type of computerized system that allows businesses to streamline the process of creating and managing contracts, as well as document storage and contract compliance. Contract management software is an application designed to help companies manage their contracts efficiently.

Software 52

Software Management Right-Sizing Automation 52

Planergy Software

DECEMBER 16, 2021

With it, you can optimize your spending habits, reduce risk, and ultimately streamline your cash flow. Most of us already have a kind of spend management in place, even with personal finances. How Spend Management Improves Procurement. Using automation, they can store and maintain records of spending.

Management 52

Management Inventory Management Supply Chain Management Finance 52

Planergy Software

JUNE 23, 2022

Determine which allocation base to use The overhead percentage rate is calculated by adding all of your indirect costs and then dividing them by a designated measurement such as labor costs, sales totals, or machine hours. Use PLANERGY to manage purchasing and accounts payable. What’s your goal today? Related Posts. 15 min read.

Manufacturing 52

Manufacturing Finance Labor Costs Accounting 52

Planergy Software

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. Additionally, they may need to hire and train new employees to handle the increased scope of operations.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Obobo

MARCH 19, 2023

Implementing an effective Contract Management Lifecycle helps organizations effectively manage risks, achieve better financial outcomes, and ensure that contracts are in compliance with regulatory requirements. With the advancement of technology, contract management has gone through many changes.

Management 40

Management Reduced Costs Efficiency Regulations 40

Obobo

MARCH 19, 2023

CLM helps organizations manage contractual relationships throughout their entire life cycle – from generating contracts through execution to post-execution management. CLM software automates contract management processes, making it easier for businesses to keep track of their contractual obligations and deadlines.

Software 40

Software Management Collaborations Automation 40

Obobo

MARCH 19, 2023

The power of technology and automated systems have been embraced in almost all business areas, and contract management is no exception. A contract management system is a tool that helps streamline the review, signing, and execution of contracts. How do contract management systems help businesses?

Management 40

Management Automation Regulations Out-Tasking 40