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. This task is challenging, but not impossible. No hidden costs. Find Out More. Cost Reduction vs. Cost Avoidance.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Planergy Software

AUGUST 25, 2022

For example, many customer-service-driven businesses such as banks have implemented digital transformation to improve customer experience, while reducing or eliminating repetitive tasks in the workplace. Ignoring industry change can put businesses in the red and quickly put them out of business altogether.

Finance 52

Finance Robotics Process Automation Out-Tasking Banking 52

Planergy Software

SEPTEMBER 10, 2021

Automation eliminates the need for manual data entry in many cases, and greatly reduces both the need for human oversight and the risk of human error. Guided buying and integration with contract management means every order is placed with the best possible supplier, at the best possible pricing and terms. Find Out How.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

Frevvo

JANUARY 3, 2022

What Is Procurement Management? Procurement management is the practice of managing the processes that your company carries out to acquire the goods and services it needs to operate. Their tasks include creating contracts, approving invoices, and more. Reducing costs is a top priority for 76.4%

Management 52

Management Automation Software Out-Tasking 52

Frevvo

JANUARY 3, 2022

What Is Procurement Management? Procurement management is the practice of managing the processes that your company carries out to acquire the goods and services it needs to operate. Their tasks include creating contracts, approving invoices, and more. Reducing costs is a top priority for 76.4%

Management 52

Management Automation Software Out-Tasking 52

Planergy Software

SEPTEMBER 8, 2022

Additionally, SPM can help you develop contingency plans in case of disruption, such as if a key supplier were to go out of business. Why Is Supplier Performance Management Important? Supplier relationship management is crucial for your operations. This will go a long way with risk management.

Management 52

Management Finance Flexibility Software 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

APRIL 19, 2023

Understanding Accounts Payable Accounts Payable Example Accounts Payable Job Description The Accounts Payable Process Other Important Accounts Payable Tasks Challenges in the Accounts Payable Process Benefits of Using AP Automation Software Popular Accounting Software Options Future Trends in Accounts Payable What Is Accounts Payable?

Accounting 52

Accounting Jobbing Software Automation 52

Obobo

MARCH 19, 2023

A contract management system is a software platform that helps organizations manage all aspects of the contract lifecycle, including drafting, negotiation, execution, and ongoing maintenance. With a contract management system, you can automate tasks, track deadlines, and reduce the risk of noncompliance or missed opportunities.

Management 40

Management Automation Out-Tasking Administrative 40

Obobo

APRIL 4, 2023

In this guide, we will discuss why it’s important to reduce procurement costs , and the various strategies businesses can employ to make that happen. Knowing which strategies to employ can be a challenge though – that’s why we’ve put together this comprehensive guide on cost reduction in procurement.

Risk Management 40

Risk Management Risk Management Reduced Costs Efficiency 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.

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 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

In each stage of the contract management lifecycle, there are numerous tasks, controls, and best practices that organizations need to follow for effective management of their contracts. There are several reasons why contract management is important. This visibility allows for better decision-making and risk management.

Management 40

Management Reduced Costs Efficiency Regulations 40

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

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. Learn about us, and our long history of helping companies just like yours. Book a Live Demo 2.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Obobo

MARCH 19, 2023

A contract management system is a tool that helps streamline the review, signing, and execution of contracts. It eliminates the manual paperwork processes and drastically reduces the time needed to complete tasks. Let’s take a closer look at the various benefits of using a contract management system: 1.

Management 40

Management Automation Regulations Out-Tasking 40

Planergy Software

DECEMBER 16, 2021

The most effective spend management plans offer real-time analytics and data insights to make it easier for you to make better decisions, so you can reduce costs, but still produce value. How Spend Management Improves Procurement. Step 1: Identify Sources of Expenses. Step 2: Store Information in a Centralized Location.

Management 52

Management Inventory Management Supply Chain Management Finance 52

Planergy Software

JUNE 23, 2022

Utilities Utility overhead can vary based on production, with costs lower with slowed production; ramping up when production does. Since utilities are used throughout the business, not just for the production facility, accountants are tasked with allocating the proper amount to overhead as an indirect cost. 15 min read.

Manufacturing 52

Manufacturing Finance Labor Costs Accounting 52