Infosys Consulting

OCTOBER 18, 2023

Valuable information is produced any time we use an app on our phones or scour the web through our computers. But with the amount of data currently generated every minute, how can companies effectively leverage this information to benefit their business and customers?

Healthcare 52

Healthcare Banking Finance Streamline Operations 52

Obobo

JULY 12, 2022

Procure-to-pay and source-to-contract are the two primary procurement cycles that are consolidated in supplier lifecycle management. The procurement and sourcing cycles can be binded together so that managers can generate quick and intelligent procurement and sourcing workflows. Supplier Performance Management.

Management 52

Management Risk Management Risk Management Collaborations 52

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. If you’ve been in business for a while, you can use information from the prior year to help you set up the budget. How to gain visibility and control of your indirect spend.

Finance 92

Finance Software Accounting Management 92

AS White Global

JULY 7, 2022

Information Technology ( IT ) is the digital backbone of industries and businesses. Thus, an offshore staff provider can offer more sources for talent acquisition than typically available locally. An asset to business continuity and risk management. Improve productivity of in-house staff. Scalability of services.

Offshoring 52

Offshoring Service Cybersecurity Human Resources 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel risk management resources, and offering 24/7 support for travelers in case of emergencies.

Finance 52

Finance Reduced Costs Management Risk Management 52

Obobo

DECEMBER 17, 2021

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Vilmate

APRIL 27, 2022

Artificial Intelligence (commonly referred to as AI) is the process of imparting data, information, and human intelligence to machines. It’s aimed at manipulating some particular source of data. Source: Simplilearn. Here are only a few instances of ML and AI applications in financial services: Risk management.

Banking 52

Banking Finance Risk Management Risk Management 52

Obobo

JANUARY 12, 2023

What is an Automated Vendor Risk Assessment? Vendor risk management is an important part of any business’s operational processes, and it’s essential for organizations to ensure that their vendors are compliant with industry standards. One way to do this is through an automated vendor risk assessment (AVRA).

Automation 40

Automation Reduced Costs Risk Management Risk Management 40

Paysquare

AUGUST 7, 2023

Overall, outsourcing accounts is significant as it enables businesses to streamline operations, reduce costs, access specialized skills and maintain compliance with accounting standards and regulations. Ensure that your outsourcing partner has robust security measures to safeguard sensitive financial information.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 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. Sourcing Industry Landscape Podcast.

Sourcing 40

Sourcing Business Process Outsourcing Automation Reduced Costs 40

Planergy Software

SEPTEMBER 10, 2021

Similarly, data silos create communication problems and further hamper transparency by locking essential information in different areas of your software environment. 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.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

IBM Business Partners

JULY 12, 2023

Team members discuss possible risks, analyze the risk impact of each one and propose courses of action to increase their overall preparedness. Delegate responsibility clearly and fairly: Like any other initiative, contingency planning requires effective project management to succeed.

Engineering 40

Engineering Cybersecurity Reduced Costs Risk Management 40

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Once you’ve identified a travel management app, ensuring all stakeholders are on board with its implementation is important. How to gain visibility and control of your indirect spend.

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

MARCH 24, 2022

Your vendor management policy should be written as a form of document. Management needs to improve approve the policy which outlines how you will keep stakeholders informed. The vendor management policy document should also outline the ideal number of vendors based on the categories you established.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Obobo

MARCH 19, 2023

First, it’s important to adopt a centralized system for contract retrieval and storage, such as contract management software. This will help to ensure that all stakeholders have access to the necessary information and that contracts are stored in a consistent and secure manner.

Management 40

Management Collaborations Automation Out-Tasking 40

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

Frevvo

JANUARY 3, 2022

The process for each type of procurement will generally follow the same set of steps, which includes sourcing, generating requests, negotiating contracts, and more. What Is Procurement Management? Reducing costs is a top priority for 76.4% How Technology Can Improve Procurement Management.

Management 52

Management Automation Software Out-Tasking 52

Frevvo

JANUARY 3, 2022

The process for each type of procurement will generally follow the same set of steps, which includes sourcing, generating requests, negotiating contracts, and more. What Is Procurement Management? Reducing costs is a top priority for 76.4% How Technology Can Improve Procurement Management.

Management 52

Management Automation Software Out-Tasking 52

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

With a plethora of data collection points available at their disposal, it’s easier for business leaders to be lost in the information glut. However, every business and business leader should ponder for a moment: will collecting such a huge volume of data make sense unless it provides meaningful information and insights?

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Obobo

MARCH 19, 2023

In this article, we’ll answer that question by exploring the importance of contract management systems in business operations, how they work, and the characteristics of the best contract management software. What is a Contract Management System? Why is Contract Management System Important? Table Of Content.

Management 40

Management Automation Out-Tasking Administrative 40

Planergy Software

DECEMBER 16, 2021

We’ve covered spend management on the blog before, so if you want a more in-depth look, take a look at our post: “ What is Spend Management? Spend management plays an important role in several parts of the procurement process. How Spend Management Improves Procurement. Step 1: Identify Sources of Expenses.

Management 52

Management Inventory Management Supply Chain Management Finance 52

Globalization Partners

DECEMBER 30, 2021

International growth will help your company minimize risk by avoiding reliance on a single target market. The Covid-19 pandemic also presents a new potential for remote work — 70 percent of chief information officers surveyed were working remotely in March 2021, and many respondents intend to continue working remotely.

Payroll 98

Payroll Research Marketing Government 98

Obobo

MARCH 19, 2023

Providing accurate, factual, and up-to-date information that is supported by reliable sources and references is essential. Enhanced Security: CLM software can provide robust security features to ensure the privacy of sensitive information. It can help businesses stay compliant with regulatory bodies and prevent data breaches.

Software 40

Software Management Collaborations Automation 40

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Companies should carefully weigh each approach’s benefits, challenges, and risks to make informed decisions that align with their goals and objectives.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Obobo

MARCH 19, 2023

A well-managed contract can provide significant benefits to an organization, including improved relationships with vendors and partners, reduced costs, and increased operational efficiency. Benefits of Contract Management Lifecycle Have you ever wondered about the importance of contract management lifecycle?

Management 40

Management Reduced Costs Efficiency Regulations 40

Mercans

OCTOBER 26, 2021

Training in liability management. Reduce costs. They can also help them save money via: Better hiring practices which reduce turnover. Single-sourced HR and benefits via PEO’s help clarify for clients how their investment in their workforce is making improvements. How much PEO’s cost. Sources: [link].

Co-Sourcing 52

Co-Sourcing Payroll Insurance Administrative 52