Planergy Software

JANUARY 19, 2024

As a procurement professional, you know the importance of ensuring that all materials and services delivered by vendors meet or exceed your standards for quality and performance. Policies: Understand the vendor’s policies on issues like returns, refunds, and customer service. Vendor analysis is crucial for risk management.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

JULY 27, 2023

Compliance With Internal Controls Expense reports can help you ensure compliance with internal policies and external regulations. By analyzing the spend data , companies can identify trends and patterns in employee spending , which can help them make informed decisions about budgeting, procurement, and other business processes.

Data Entry 52

Data Entry Finance Software Accounting 52

Planergy Software

APRIL 25, 2022

ESG Procurement: Sustainability Through Procurement Strategy. Ethical Sustainability & Responsibility Procurement. What is ESG Procurement? How Procurement Impacts Sustainability Changing perspective means assessing the true cost and benefit of activity by looking at things from the big picture. Written by.

Finance 64

Finance Strategic Sourcing Government Management 64

Planergy Software

DECEMBER 22, 2022

ESG ratings are not yet universal, so it’s important to look at the methodology to understand why a company received the rating it did Your procurement department can help keep you in compliance with your ESG strategy. Environmental: This pillar covers a company’s environmental policies and practices.

Analytics 52

Analytics Government Right-Sizing Accounting 52

Planergy Software

SEPTEMBER 10, 2021

And while these goods and services carry their own price tags, procurement—i.e., Finding ways to reduce procurement costs is an important part of maximizing your return on investment (ROI) in order to generate both cost savings and value for your business. Procurement Costs: An Overview.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

Obobo

DECEMBER 15, 2022

Strategic sourcing software is a tool that helps organizations streamline their procurement process. Achieve Better Outcomes: By streamlining the procurement process and improving spend management, strategic sourcing software can help organizations achieve better outcomes. What is Strategic Sourcing Software? Conclusion.

Strategic Sourcing 52

Strategic Sourcing Sourcing Software Out-Tasking 52

Frevvo

JANUARY 3, 2022

Procurement plays a vital role for every business. Companies need to procure goods and services to continue operating. However, poor procurement practices and inefficient processes can result in slow approval cycles, missed payments, higher costs, and even instances of fraud. What Is Procurement Management?

Management 52

Management Automation Software Out-Tasking 52

Frevvo

JANUARY 3, 2022

Procurement plays a vital role for every business. Companies need to procure goods and services to continue operating. However, poor procurement practices and inefficient processes can result in slow approval cycles, missed payments, higher costs, and even instances of fraud. What Is Procurement Management?

Management 52

Management Automation Software Out-Tasking 52

Planergy Software

AUGUST 18, 2023

They may also be responsible for developing effective policies and procedures, tracking performance metrics to ensure goals are being met, creating reports detailing the progress of projects and tasks, handling customer inquiries and complaints, and working with external stakeholders. Download PDF What’s your goal today?

Management 52

Management Administrative Out-Tasking Finance 52

Planergy Software

AUGUST 18, 2023

They may also be responsible for developing effective policies and procedures, tracking performance metrics to ensure goals are being met, creating reports detailing the progress of projects and tasks, handling customer inquiries and complaints, and working with external stakeholders. Download PDF What’s your goal today?

Management 52

Management Administrative Out-Tasking Finance 52

Planergy Software

SEPTEMBER 20, 2023

The right travel management solution can help ensure compliance with company policies, provide valuable insights into travel spending, and streamline the entire travel process. Empowerment and Trust Allowing employees to book their own business travel demonstrates trust and empowers them to make decisions in line with company policies.

Management 52

Management Right-Sizing Software Finance 52

Obobo

DECEMBER 3, 2021

Cloud procurement tools like oboloo can help ensure they are continually compliant by notifying you when documents need to be provided or updated. Marie Curie for example has a dedicated page on its website talking about the ethical issues and social responsibility within supply chains. They must also be transparent.

Accounting 52

Accounting Efficiency Management 52

Planergy Software

FEBRUARY 9, 2023

Download Free Copy Travel and Expense Policy: What Is It, Example Template, and Best Practices Written by Milos Karadzic 20 min read Expense Management Expense Reporting Process & Procedures Download PDF IN THIS ARTICLE What Is a Travel and Expense Policy? Why You Need a Travel and Expense Policy? Streamlines reimbursement.

Finance 52

Finance Regulations Insurance Management 52

Obobo

JANUARY 25, 2023

eSourcing – The Ultimate Guide to eSourcing Software Introduction to eSourcing eSourcing software is a tool that streamlines the process of sourcing and procuring products and services from suppliers. The main goal of eSourcing is to get the best possible price for goods and services while also streamlining the procurement process.

Software 40

Software Sourcing Out-Tasking Right-Sizing 40

Planergy Software

JULY 5, 2022

Ethical Sustainability & Responsibility Procurement. The procurement function is the primary interface with your upstream supply chain so it has a decisive role in shaping your ESG footprint directly through purchase decisions and indirectly by its influence on product design. Download Free Copy. Written by. Rob Biedron.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

MARCH 2, 2023

Tail spend analysis also helps procurement professionals identify areas of wasteful spending and uncover potential savings. But when properly managed, it can save an organization up to 15 percent of its total procurement spending. This can help them save time and money while maintaining quality and compliance with business policies.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Planergy Software

SEPTEMBER 8, 2023

Download Free Copy Discretionary Expenses: What Are They, Examples, and How To Control Them In Business Written by Rob Biedron 18 min read Expense Management Indirect Spend Procurement Download PDF KEY TAKEAWAYS In business and personal finance, many essential expenses are the same.

Finance 52

Finance Insurance Software Management 52

Planergy Software

JANUARY 5, 2022

Procurement Purchasing. Depending on your business needs, your procurement process may involve buying: Raw Materials: These are things you’ll use to create a new product – like metals, lumber, or petroleum. With a purchasing system like PLANERGY, it’s much easier to implement your purchasing policies.

BPO 52

BPO Supply Chain Management Finance Marketing 52

Planergy Software

NOVEMBER 10, 2022

Proper procurement and inventory management are key. The working capital ratio is an important financial metric for procurement professionals to consider when assessing suppliers. The working capital turnover ratio is an important financial metric for procurement professionals to monitor. Working Capital Turnover Ratio.

Management 52

Management Finance Inventory Management Accounting 52

Obobo

MARCH 21, 2023

It is also an important tool for tracking performance and ensuring compliance with company policies. To do so, first visit the Federal Procurement Portal website and sign in. This document can help to build trust and prevent problems down the road. Who needs to file a Long Term Supplier Declaration?

Supply Chain Management 40

Supply Chain Management Manufacturing Government Regulations 40

Planergy Software

SEPTEMBER 17, 2021

Key areas to address include digital transformation in customer experience, digital transformation in procurement , digital transformation in accounts payable and finance, and digital transformation in data analytics. Digital transformation in procurement and accounts payable improves your bottom-line. Find Out How.

E-Commerce 97

E-Commerce Robotics Process Automation Accounting Analytics 97

Planergy Software

DECEMBER 12, 2023

Putting this with your MATs governing body can get you better deals and helps avoid some of the common problems with education procurement , since you’re purchasing with a higher volume. Stay Informed of Policy Changes Government policies and funding arrangements can have significant implications for school budgets.

Finance 52

Finance Government Redistribution Administrative 52

Obobo

MARCH 19, 2023

Key Takeaway: Vendor contract management is a crucial aspect of any business’s procurement process, ensuring that vendors comply with contract terms and conditions, and organizations receive the services they need on time. . ” – Jane Smith, Procurement Manager Factors to Consider in Vendor Contract Management 1.

Management 40

Management Reduced Costs Automation Accounting 40

Planergy Software

JANUARY 18, 2024

Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization. Here are the four main types of digital catalogs.

Management 52

Management Inventory Management Regulations E-Commerce 52

Frevvo

NOVEMBER 30, 2021

How can you keep your teams aligned and on the same page? You can implement business rules into your business process flows to enforce compliance with company policies and regulations. So how can you standardize how work gets done? Creating business process flows can be a good place to start. Helps Enforce Compliance.

Out-Tasking 52

Out-Tasking Data Entry Automation Collaborations 52

IBM Services

APRIL 4, 2024

Benefits: Automated claim processing Reduced processing times Enhanced visibility Compliance and risk management By automating routine tasks and implementing predefined rules, BPM enables timely compliance with regulatory requirements and internal policies. In fact, BPM can be used to improve the project management process.

Management 60

Management Automation Out-Tasking Inventory Management 60

Planergy Software

JULY 21, 2023

Download Free Copy Services Procurement: What Is It and How To Manage It Written by Rob Biedron 15 min read Business Process Management (BPM) Process & Procedures Procurement Download PDF IN THIS ARTICLE What is Services Procurement? What Is The Difference Between Goods and Services Procurement?

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Planergy Software

MAY 17, 2022

Your procurement team needs to know which products and services you buy most often, which ones are mission-critical, and which suppliers provide the best value to help you save money. Visit our “Solutions” page to see the areas of your business we can help improve to see if we’re a good fit for each other. Book a Live Demo.

Analytics 52

Analytics Sales Finance Efficiency 52

Planergy Software

JULY 14, 2023

This is where procurement cards, also known as P-cards, come in. They are designed to enable employees to make purchases using a single credit card instead of going through the traditional procurement process – submitting purchase requisitions , receiving a purchase order , and processing payments.

Banking 52

Banking Labor Costs Strategic Sourcing Accounting 52

Planergy Software

FEBRUARY 10, 2022

Procurement Purchasing. Centralized organizations, on the other hand, operate with a more efficient purchasing process by dedicating their own department, otherwise known as a procurement department. The purchasing department develops purchasing pause policies as well as standard operating procedures for the entire are business.

Reduced Overhead 52

Reduced Overhead Finance Inventory Management Management 52

Planergy Software

OCTOBER 13, 2023

Policies and agreements are necessary to ensure all school budgets are adequate and supported. It’s up to school leaders in the MAT to build and develop the trust board, agreements, policies, etc. There may also be legal hurdles to overcome, as the current policies may not fully support the concept of GAG pooling.

Finance 52

Finance Government Flexibility Redistribution 52

Planergy Software

APRIL 19, 2023

Ideally, the accounts payable process will incorporate a PO process including tracking of receiving of goods and services covering the full procure-to-pay process. Planergy’s procure-to-pay software , incorporating AP automation software, makes AP automation easy. If the invoice data matches.

Accounting 52

Accounting Jobbing Software Automation 52

Obobo

MARCH 19, 2023

In addition, effective contract management can help organizations optimize their budgets, streamline their procurement processes and improve supplier and customer relationships. One of the most significant challenges is maintaining compliance with regulatory requirements and corporate policies.

Management 40

Management Reduced Costs Efficiency Regulations 40

Obobo

MARCH 19, 2023

Additionally, CMS can help businesses to standardize their contracting processes and introduce accountability measures to ensure compliance with internal policies and external regulations. Properly drafted contracts, automated alerts, and notifications can help prevent costly disputes and ensure that all stakeholders are on the same page.

Management 40

Management Automation Out-Tasking Administrative 40

SirionLabs

NOVEMBER 26, 2021

Completed drafts are handed over to the procurement team, which then engages in a lengthy exchange over email to have their inputs incorporated. SirionOne enables you to control your contractual obligations by ensuring that your clients, suppliers, and legal teams are on the same page.

Collaborations 52

Collaborations Retail Manufacturing Finance 52

Planergy Software

MARCH 3, 2022

During a heavy workload period, a few large companies even follow a policy of paying all invoices under a certain value without verification, leaving themselves open to invoice fraud. Visit our “Solutions” page to see the areas of your business we can help improve to see if we’re a good fit for each other. Book a Live Demo.

Accounting 52

Accounting Regulations Efficiency Finance 52

Obobo

MARCH 19, 2023

3) Reducing Risk and Improving Compliance: CLM software provides a secure and streamlined way to ensure compliance with regulations, policies, and procedures. Compliance refers to adhering to laws, regulations, and policies that govern business operations. Failure to comply with these rules can lead to legal and financial consequences.

Software 40

Software Management Collaborations Automation 40