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. However, managing procurement can be costly, and costs can add up quickly.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

SIG Speaks

SEPTEMBER 14, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Heather Frazer discusses how TCO is a great tool that will help capture the entire potential for cost savings and risk and how it is increasingly important for procurement organizations to secure reliable data.

Supply Chain Management 40

Supply Chain Management Sourcing Strategic Sourcing Risk Management 40

NoonDalton

JULY 19, 2023

As businesses seek to streamline operations, reduce costs, and tap into specialized talent pools, RPO is increasingly becoming their go-to solution. Candidate Sourcing: Utilizing multiple channels to find candidates who fit the role’s requirements and the company culture. But why is this?

Outsourcing 52

Outsourcing Reduced Overhead Right-Sizing Analytics 52

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Procurement Strategic Sourcing. Every good or service you’re sourcing should contribute either directly or indirectly toward your competitive position. Download Free Copy. Written by. Rob Biedron.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Frevvo

JANUARY 3, 2022

However, poor procurement practices and inefficient processes can result in slow approval cycles, missed payments, higher costs, and even instances of fraud. An effective procurement management system can help you address these challenges. What Is Procurement Management? Why Is Procurement Management Important?

Management 52

Management Automation Software Out-Tasking 52

Frevvo

JANUARY 3, 2022

However, poor procurement practices and inefficient processes can result in slow approval cycles, missed payments, higher costs, and even instances of fraud. An effective procurement management system can help you address these challenges. What Is Procurement Management? Why Is Procurement Management Important?

Management 52

Management Automation Software Out-Tasking 52

Obobo

MARCH 19, 2023

Contract management is one of the most important functions of any business, regardless of size or industry. Mismanaged contracts can lead to costly mistakes that inadvertently put your company at risk. That’s why it’s important for companies to take measures to improve contract management processes.

Management 40

Management Collaborations Automation Out-Tasking 40

Capgemini

NOVEMBER 30, 2022

By procuring data from a variety of sources, they can enrich their own data and improve in areas like risk management. It reduces the cost and you can have better risk management because you’re benefiting from experiences and the data from your competitors,” Parmar says.

Service 52

Service Finance Risk Management Risk Management 52

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you have a small business or a large corporation, the basic steps and best practices for managing budgets are the same. How to report and analyze indirect spend to identify savings opportunities.

Finance 92

Finance Software Accounting Management 92

Obobo

MARCH 19, 2023

Vendor contracts management is a critical component of any business, no matter its size or industry. In this article, we’ll provide an overview of vendor contract management and how it can benefit your business. By implementing vendor contract management, businesses can get more control over their supplier relationships.

Management 40

Management Reduced Costs Automation Accounting 40

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Partnering with a travel management company (TMC) can help you access travel experts to make the most of your program. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 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.

Healthcare 52

Healthcare Banking Finance Streamline Operations 52

Obobo

DECEMBER 17, 2021

Such costs can accumulate, especially if they are not properly managed. A top priority for every business should be procurement savings, however identifying the best method for reporting and assessing cost savings is challenging for many businesses. Cost Avoidance. This task is challenging, but not impossible.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

AS White Global

JULY 7, 2022

Thus, an offshore staff provider can offer more sources for talent acquisition than typically available locally. It’s also advisable to get an expert offshore provider with a dedicated recruitment team that’s solely focussed on sourcing IT talent to get the best candidates. An asset to business continuity and risk management.

Offshoring 52

Offshoring Service Cybersecurity Human Resources 52

Neo Group

SEPTEMBER 24, 2020

John Bree will also be moderating a Risk Management Panel on Third-party COVID-19 Disruption. . Risk leaders discuss current capabilities and future solutions to help companies better understand the risks involved and enable better ongoing assessment and continuous monitoring of their third parties. .

Government 52

Government Co-Sourcing Advisory Regulations 52

Vilmate

APRIL 27, 2022

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. Asset management. Statista , one more source common to rely on, states that AI use cases are global, diverse, and comprehensive.

Banking 52

Banking Finance Risk Management Risk Management 52

SIG Speaks

NOVEMBER 30, 2021

On December 8, experts from Majel Partners, Elizabeth Zucker and Angela Easterwood, will share an approach to identifying and selecting the best-fit KPIs for supplier relationship management strategies. As a procurement leader, you seek to improve spend management every day. Digital Disruption in Sourcing and Procurement.

Sourcing 40

Sourcing Business Process Outsourcing Automation Reduced Costs 40

Planergy Software

SEPTEMBER 10, 2021

By understanding how procurement costs are created and the tools and process improvements you can use to reduce them, you can: bolster your company’s bottom line; strengthen your inventory and supply chain management; and build strong supplier relationships, too. Procurement Costs: An Overview.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

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

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.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

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. Monitor and Manage Risks Identify and manage potential risks associated with accounting outsourcing.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

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

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? What is a Contract Management System?

Management 40

Management Automation Out-Tasking Administrative 40

Obobo

MARCH 19, 2023

Contract lifecycle management software (CLM) is a technology tool that simplifies the creation, negotiation, and management of contracts. CLM helps organizations manage contractual relationships throughout their entire life cycle – from generating contracts through execution to post-execution management.

Software 40

Software Management Collaborations Automation 40

Planergy Software

DECEMBER 16, 2021

How better management in AP can give you better flexibility for cash flow management. Spend Management Strategy: How To Improve Your Strategic Spend Management Plan. What is Spend Management? Spend management plays an important role in several parts of the procurement process. Download Free Copy. Written by.

Management 52

Management Inventory Management Supply Chain Management Finance 52

Obobo

MARCH 19, 2023

Contract management is an essential process that contributes to the overall success of a business, but it’s often overlooked. A contract management lifecycle (CML) is the framework organizations use to monitor and manage contracts throughout their entire lifespan. What is Contract Management? Table Of Content.

Management 40

Management Reduced Costs Efficiency Regulations 40

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. Which Oracle modules will my organization adopt?

Efficiency 77

Efficiency Supply Chain Management Human Resources Reduced Costs 77

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 were a liaison between the finance team (along with procurement) and upper management in the C-suite. The result?

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

Planergy Software

MARCH 29, 2022

How better management in AP can give you better flexibility for cash flow management. 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. How AP can improve relationships with your key suppliers.

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. Risk management.

Government 52

Government Robotics Process Automation Human Resources Automation 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By taking ownership of various stages in the production process, businesses can closely monitor quality standards, optimize inventory management, and reduce the risk of disruptions caused by external suppliers.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Mercans

OCTOBER 26, 2021

This allows PEO’s to share and manage employee-related responsibilities and liabilities. They also maintain control of business decision-making, including employee management. Altogether, these services help companies improve business practices, increase employee retention and reduce turnover. What is a PEO? I-9 requirements.

Co-Sourcing 52

Co-Sourcing Payroll Insurance Administrative 52

Globalization Partners

DECEMBER 30, 2021

Although small in size, the Netherlands is one of the most competitive economies globally, ranking fourth in the Institute for Management Development’s annual World Competitiveness Ranking report. Companies can also reduce costs through international growth, as some governments offer incentives for companies to invest.

Payroll 98

Payroll Research Marketing Government 98