How to Choose the Right Supplier Portal Software for Your Business
No matter what business you’re in, finding the right supplier portal software is essential to success. But with so many options on the market, how do you know which one is right for you? 1. What is a supplier portal? A supplier portal is a web-based platform that allows suppliers to do business with a...
Best Accounts Payable Automation Software
As a business owner, managing accounts payable can be a time-consuming and tedious task. But with Accounts Payable Solution, you can streamline your processes and save time, reduce errors, and improve cash flow. Let’s dive into why Accounts Payable Solution matters and the best practices for a successful implementation. Why Accounts Payable Solution Matters...
Supply Chain Finance: An Introductory Guide
Supply chain finance (SCF) refers to the techniques utilized by the banks and other monetary institutions to deal with the capital spent into the supply chain and lessen the risk for the parties involved. Each fiscal intervention (financing, risk alleviation or payment) in the supply chain is driven by an event or ‘trigger’ in the...
Procure-to-Pay Automation – The Ultimate Guide
Procure-to-pay automation is a system intended to adjoin the efficiency to the procedures of vendor valuation, assortment, and payment with the assistance of technology. P2P automation seeks to make use of software to get rid of the manual tasks, streamline group effort between the departments, and save the money all the way through augmented accuracy and abridged...
Guide On Accounts Payable Automation & the Best Systems
You can save a lot of money with Accounts Payable solution. Learn how it works, how to select the appropriate platform, and where to locate the hidden savings from manual processing. If your AP team still uses manual processing, you already know how frustrating it is to have to deal with missing invoices, incorrect data...
What is Procure-To-Pay and How Companies Are Operating It
A company’s success is greatly influenced by procurement. Nearly every aspect of an organization, from manufacturing to customer satisfaction, is affected by managing the flow of materials and services, forecasting costs, and negotiating the best prices. Organizations can document this complicated workflow, from the point of need to the final payment, through the procure-to-pay process....
The Role of AI in Procurement
Artificial Intelligence, one of the Buzzwords in technology, is also getting its hold over domains like Procurement, Finance, etc. The impact, benefits, and adoption of AI in Procurement is not a quick process with instant results; but rather it is a journey towards short-term benefits, medium-term benefits, and long-term benefits. With relation to AI, let’s...
Introduction of e-Invoicing in India
This 2021, Say Hello to E-Invoicing! As per CBIC, E-Invoicing is made mandatory (from 1 Jan 2021) for B2B transactions for the Business Owners or TaxPayers with an annual turnover of over Rs.100 crore! Heading back to 1 October 2020, the same law has already been issued for businesses with an annual turnover of over...
Why would a Supplier use the Supplier Portal?
With eInvoicing being a mandate in India, the best thing that you can provide your suppliers is a Supplier Portal integrated with eInvoicing. In fact, the two biggest challenges that companies face are Supplier Onboarding and Invoice Processing. What’s better if both the challenges are resolved by a single solution! So, why wait? Give your...
Blockchain for Contract Management
Behind the bust and the boom headlines of Bitcoin and Cryptocurrency, the underlying Blockchain Technology is often seen as a potential “market disruptor” in the world of procurement and supply chain. Blockchain has the potential to transform all kinds of digital transactions, including supply chain and procurement. From audits and payments to tracking inventory and...
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