Today as cloud based applications are becoming more ubiquitous, AP automation, including many of the sophisticated technologies that were out of reach in the past, has become more affordable and available to many more companies.
Posted: August 1st, 2018 | Permalink
Companies can track the volume and types of spend with diverse organizations and use that information for contracting, marketing, investor relations, contract compliance, or other types of uses.
Posted: July 25th, 2018 | Permalink
The reality is that vendor portals provide a very wide range of functionality that allows buying and selling companies to collaborate, communicate, and transact in a highly efficient manner.
Posted: June 11th, 2018 | Permalink
A good vendor management system should be able to marry data coming from both the procurement and purchasing functions as well as transactional data from their AP operations.
Posted: May 29th, 2018 | Permalink
For organizations in many different industries the vendors or suppliers are at the heart of their business and a weak or deficient vendor base poses a significant risk to their supply chain and business continuity.
Posted: May 14th, 2018 | Permalink