Monday 29 February 2016

Procure-to-Pay elevates Procurement to the next level

Numerous organizations try to enhance their operations by utilizing procure-to-pay processes.P2P innovation can increase the effectiveness of sourcing and financial transactions. Most case studies demonstrates that in spite of the fact that a lot of associations have embraced innovations to automate operations, this has not been consistent across all areas involved in procure-to-pay.
Proficiency in both sourcing and financial exercises provide clear benefit to organizations and made operations more secure. One way that associations are hoping to expand productivity is through modernization— in particular technology adoption

Tuesday 16 February 2016

Cost saving, process efficiency and transparency are the synonyms of procurement

Authored by Usama Shahid

Business process is different today. Organizations claim less infrastructure, stock and assembling gear than any time in recent memory. They've outsourced everything from customer services to inventory network. Also, a developing segment of their workforce isn't even on their full-time finance. 

Business is no more about executing a procedure inside of an organization, however over a whole value chain. It's about the insight inside of an association, as well as the knowledge of whole groups. It's not about computerizing and doing things faster, but rather tapping aggregate bits of knowledge and best practices to improve-and in completely new ways, new period for acquirement is only more than doing transactions. 

Cost savings, Process proficiency and transparency are synonyms with procurement –and in light of current circumstances. The function has turned into a key empowering and strategic enabler of business value by routinely delivering them.