November 16, 2021
12

HOW COGNITIVE PROCUREMENT IS GOING TO SHAPE THE FUTURE?

Organizations are looking to CPOs to take on broader and deeper strategic initiatives to create a future proof supply chain. What Covid-19 did to firms globally is no secret. So, apart from cost savings, there are several other goals like innovation, digital transformation, sustainability that have become part of CPO’s agenda. Hence, the biggest question is how to cater to these varied objectives that are there on CPO’s plate?

To …

November 11, 2021
12

5 MOST COMMON PROBLEMS IN ACCOUNTS PAYABLE THAT CFOS IGNORE

Accounts Payable function is fundamental to operational and financial success of many organizations across the globe. Yet it continues to be viewed as a cost center.

It was never uncommon to hear of documents buried in paper trails, missed discounts and strained supplier relationships, etc. But recently, the pandemic added to these woes and proved that, the ways in which many Accounts Payable teams still operate are not just dated …

September 8, 2021
12

ACCOUNTS PAYABLE – A STRATEGIC BUSINESS VALUE DRIVER

Once while reviewing our all time favourite pizza making process, I chalked down the ingredients like flour, cheese, veggies and pepperoni, but the most important ingredient of all was patience in the process! Similarly, technology has become the chief ingredient across departments of an organization and is a vital parameter for an organization to build competitive advantage.

CFOs during these unprecedented times are facing the challenge of keeping costs at …

September 2, 2021
12

8 PITFALLS TO AVOID WHILE IMPLEMENTING PROCUREMENT TECHNOLOGY

The success of any transformation project like most major IT projects depends on how well it is implemented. While the software evaluation often involves multiple rounds of demos, workshops, proof of concept pilots etc., the implementation process is relegated to a check-box afterthought during the evaluation process.

“A McKinsey and University of Oxford research suggests that on average, large IT projects run 45% over budget and 7% over time, while

August 10, 2021
E-INVOICING
12

UNLOCK THE VALUE OF DIGITAL TRANSFORMATION BY ADOPTING E-INVOICING

E-invoicing has now become an imperative for most organizations across Europe. The E-invoicing market in the region is growing at a CAGR of 17.1% and is expected to reach US$ 4217.6 million by 2027, as per a research report by Research and Markets. Primary drivers behind the accelerated need for E-invoicing are the high volume of cross-border trade, market fragmentation, fraud prevention, and Digital Transformation being a top Government agenda.…

July 30, 2021
12

SUPPLIER RELATIONSHIP MANAGEMENT : AN OPPORTUNITY FOR PROCUREMENT MAKEOVER

SUPPLIER RELATIONSHIP MANAGEMENT (SRM) MATURITY IS CORRELATED WITH PROFITABILITY

The last year demonstrated precisely how important it is to have an agile and mature SRM capability. The global economy is going through a period of unprecedented churn. Hence, procurement teams are compelled to scale up, scale down, pause, or even accelerate processes depending on the market situation and current supplier dynamics.

Their ability to do so determines overall business continuity

July 29, 2021
SUSTAINABLE PROCUREMENT FOR COMPLIANT, FUTURE-READY ENTERPRISES
12

SUSTAINABLE PROCUREMENT FOR COMPLIANT, FUTURE-READY ENTERPRISES

How green procurement practices and robust supplier risk management can help organizations build superior brand equity and drive significant business outcomes. Sustainable procurement is the need of the hour.

Green procurement practices

The rapidly evolving regulatory landscape, changing customer needs, behaviors, expectations, and the ever-increasing cost of doing business are pushing organizations to put sustainable procurement at the top of their strategic agenda.

In the rapidly evolving sustainability focus and reporting, the EU

July 27, 2021
12

PROCURE TO PAY AUTOMATION – BEST PRACTICES AND BENEFITS

Procure to pay automation has come a long way in the world of procurement. The influence of automation is increasing day by day.

Let’s begin with an analogy from television crime dramas. Fans of the genre would know that many TV’s favourite detectives solve crimes by relying on their “gut feeling”, a “hunch”, or their brilliant instincts. Although, this “a-ha” moment makes for great viewing, but we know that crimes …

June 10, 2021
12

IS YOUR E-SIGNATURE SOLUTION A SUNK COST?

“ Is it worth waiting for a contract signature for weeks when you need to source urgent supplies in 3 days? “

E-signature solutions have been in use for decades but have started gaining greater legal and commercial acceptability in recent years. Today many solution providers have come to the front, but until recently, the electronic Signature solutions space was dominated by one major player founded in 2003. 

Contrary to

April 12, 2021
12

Future Ready – Procurement Leader’s Quick Guide For Digital Signatures

Future Ready - Procurement Leader’s Quick Guide For Digital Signatures

The COVID-19 pandemic has made the digital ecosystem play a pivotal role in people’s lives across the world. The global digital signature market is projected to reach USD 14.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 31.0%.

Digital signatures are like traditional handwritten signatures, except that they are less prone to fraud as compared to handwritten ones. This ensures the protection of data and provides a