IBM Services

FEBRUARY 13, 2024

Another way to use strategic sourcing methods to reduce costs is through digital transformation , such as automating manual processes. The cost of human error associated with manual processes can be steep, not to mention the toll it can take on trust within customer and vendor relationships.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

IBM Services

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

E-Commerce 77

E-Commerce Analytics Manufacturing Flexibility 77

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Everest Group

MARCH 17, 2023

Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity. With five key transformation levers described in this blog, MGAs can overcome challenges and unlock a wave of unprecedented sustainable growth. Read on to learn more.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

IBM Business Partners

MAY 17, 2024

  In the context of this rapid advancement, generative AI and automation have the capacity to create more fundamentally relevant and contextually appropriate buying experiences. Traditional AI can enhance international purchasing by automating tasks such as currency conversions and tax calculations.

E-Commerce 68

E-Commerce Order Management Retail Automation 68

Akorbi

SEPTEMBER 22, 2022

To achieve this certification, Akorbi demonstrated a systematic and documented approach to protecting and managing sensitive information, including intellectual property, employee and customer data, and financial information entrusted by third parties. One of the largest U.S.-based,

Regulations 52

Regulations Business Process Outsourcing Reduced Costs Risk Management 52

The Hackett Group

APRIL 13, 2023

The scope of the research will cover finance operations and analysis, including purchase-to-pay, customer-to-cash, general accounting, consolidation and regulatory reporting, control & risk management and financial planning & analysis capabilities.

Finance 96

Finance Research Accounting Outsourcing 96

Obobo

OCTOBER 25, 2022

From reducing risk to improving communication, read on to learn more about the benefits of supplier management software. The Role of Supplier Management Software in Risk Reduction Supplier management software can play a pivotal role in risk reduction for businesses.

Software 52

Software Management Risk Management Risk Management 52

Perficient Digital Transformation

MAY 18, 2023

The platform facilitates collaboration and data-driven decision-making to improve efficiency and reduce costs. Project / Program Management : Manage projects and programs throughout the entire lifecycle using a structured approach to planning, resource allocation, budgeting, scheduling, and risk management.

Design 64

Design Management Collaborations Government 64

Neo Group

SEPTEMBER 24, 2020

We are also participating in several sessions: Atul Vashistha, Chairman, Neo Group will moderate a panel on Automation Pioneers. In this session, digital pioneers from leading automation companies will discuss the current options, how to scale, and the future of automation. No industry is immune to it.

Government 52

Government Co-Sourcing Advisory Regulations 52

Infosys Consulting

OCTOBER 18, 2023

Finance Financial organizations can enhance risk management, fraud detection, and compliance with the aid of big data and machine learning. Businesses are better able to spot abnormalities and reduce risks by analyzing vast amounts of transaction data and other pertinent information. Clearly, from the examples above, 4.0

Healthcare 52

Healthcare Banking Finance Streamline Operations 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

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. Risk Management A robust program enables companies to proactively identify, assess, and mitigate travel-related risks. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

Vilmate

APRIL 27, 2022

However, the presentation of automation, artificial intelligence, and machine learning principles has taken a fair share of work off our shoulders. Footnote: rule-based programming is an application of a predefined set of rules for building the logic of automated actions. Asset management. increased cost-efficiency.

Banking 52

Banking Finance Risk Management Risk Management 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

Planergy Software

SEPTEMBER 5, 2023

Business budgeting software automates many of the manual processes, allowing you to quickly develop comprehensive financial plans without sacrificing accuracy or detail. This can provide peace of mind that your business’ finances are well-managed and help enable more informed decision making, and easier financial reporting.

Finance 92

Finance Software Accounting Management 92

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 Automation Collaborations Out-Tasking 40

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

Perficient Digital Transformation

MARCH 19, 2024

Recommended Approach : Given the tight operating margins many HCOs face, leaders must strike the right balance balance of effectiveness and cost-efficiency. Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. Be sure to also consider your software supply chain security.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

SIG Speaks

NOVEMBER 30, 2021

Join your sourcing, procurement, and risk management colleagues in this two-hour interactive virtual environment to be challenged with topics related to our industries! Procurement leaders worldwide are striving to drive operational efficiency and reduce costs in the new normal. register now. . Power Hour Webinars.

Sourcing 40

Sourcing Business Process Outsourcing Automation Reduced Costs 40

AS White Global

JULY 7, 2022

From conducting business using cloud-computing platforms and developing software programs for specific needs to providing cybersecurity and employing AI for automated functions, plus a myriad of applications. An asset to business continuity and risk management. Scalability of services.

Offshoring 52

Offshoring Service Cybersecurity Human Resources 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

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

Planergy Software

SEPTEMBER 10, 2021

All of these improvements translate to lower costs by eliminating waste, improving accuracy and response times, and improving data quality for reporting and spend analysis. Automating core procurement processes. Integrating various systems—contract management, inventory management, supplier portals, etc.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

Planergy Software

AUGUST 25, 2022

How better management in AP can give you better flexibility for cash flow management. AP Automation Digital Transformation Management & Leadership. Improved efficiencies Touchless transactions and the use of blockchain will automate much of the manual processes that create logjams in a business. Written by.

Finance 52

Finance Robotics Process Automation Out-Tasking Banking 52

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

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

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

Obobo

DECEMBER 17, 2021

Stakeholders are able to estimate whether their cost-reduction and saving tactics are effective once they have this information at their fingertips. To be successful with savings tracking, most businesses have to do four things: Reduce costs Risk management Creation of new services or products to increase turnover Increase cash flow.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 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

Obobo

MARCH 21, 2023

. – Process savings: This type of savings is achieved by streamlining procurement processes, eliminating waste , and reducing inefficiencies. – Specification savings: This type of savings is achieved by simplifying product or service specifications, thus reducing costs.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

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

Obobo

MARCH 19, 2023

As you gain momentum in your business, chances are you will be signing contracts with vendors, partners, and customers—creating a need for contract management. Managing contracts manually can be overwhelming and can lead to errors. But what exactly is a contract management system? How does a Contract Management System Work?

Management 40

Management Automation Out-Tasking Administrative 40

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. They don’t just lead the finance team or spearhead initiatives to reduce costs. The result?

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

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

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. Risk management. Human resources and accounts payable .

Government 52

Government Robotics Process Automation Human Resources Automation 52