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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....

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...

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...

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...

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...