Intelligent CLM: How AI Can Help Eliminate Risks and Drive Value From Your Contracts
Discover how AI can transform contract management into a strategic driver of business value and growth.
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How AI-Driven Intake Management Can Deliver Next-Level User Experience, Efficiency and Compliance
Discover how AI-powered intake management boosts user experience, compliance and efficiency
The Case for AI-Powered Strategic Sourcing in Healthcare
December 02, 2024 | Procurement Software
Healthcare procurement faces mounting challenges, reflecting the growing complexity and demands of modern healthcare systems.
The COVID-19 pandemic exposed systemic vulnerabilities, leading to widespread supply chain disruptions , product shortages, and delivery delays. Inflation adds to these pressures, with labor and product costs continuing to rise. For healthcare providers, these cost increases are a major obstacle to achieving resilient supply chains.
How To Fix the Blind Spots (and Risks) in Direct Materials Sourcing
Discover how 360 visibility transforms direct materials sourcing to drive better decisions and boost the bottom line
Key Benefits of a Modern Supplier Relationship Management Software
November 08, 2024 | Supplier Management Technology
Suppliers, much like customers, are vital strategic partners in any business.
However, the way companies manage supplier relationships often differs significantly from how they handle customer interactions. But business leaders need to equally prioritize customers and suppliers.
Subpar supplier relations result in missed opportunities, delays and inefficiencies across the supply chain. Without proper engagement and governance, supplier performance may decline. This causes disruptions in procurement processes and increases operational risks.
A Closer Look at the Transformation of PO Processing
October 01, 2024 | Accounts Payable
Consider a procurement manager tasked with ensuring a steady flow of materials for a manufacturing company. Traditionally, this would involve manually creating, routing, and approving purchase orders.
However, thanks to advances in AI and automation, the manager can leverage automated systems that handle much of purchase order (PO) processing, freeing up time and minimizing the risk of errors.
Spend Matters Ranks GEP a Leader in All 12 Major Procurement Technology Categories
GEP SMART source-to-pay software received top honors in all evaluation categories in the Spend Matters Fall 2024 SolutionMap. Go through this report to know about the assessment in detail.
Thinking to Automate Purchase Order Matching? Here’s What You Need to Know
September 18, 2024 | Accounts Payable
For procurement and purchasing leaders, purchase order matching feels like a never-ending chase. But it doesn’t have to be that way.
Heaps of POs need to be compared against invoices and receiving reports – a process that's not only time-consuming but also error-prone. And with large businesses often generating thousands of POs and invoices per year, those errors can cost heavily.
Efficient PO matching ensures accuracy in vendor payments, aligns procurement with the invoicing process and mitigates fraud and error risks.
SaaS Purchasing Platforms: A Comprehensive Guide for Businesses
September 03, 2024 | Procurement Software
Software as a Service (SaaS) solutions — for all sorts of business problems — have become indispensable. The SaaS market's exponential growth has, however, created a complex procurement landscape that requires businesses to navigate a vast array of options and considerations.
To streamline this process and optimize their SaaS investments, many organizations are turning to dedicated SaaS purchasing platforms.
The Growing SaaS Landscape
The SaaS market's ascent is driven by several key factors:
What To Know Before Choosing a Supplier Value Management Platform
September 03, 2024 | Supplier Management Technology
Imagine you're a Chief Procurement Officer (CPO) in 2024, juggling multiple priorities while trying to squeeze more value from your supplier relationships. Sound familiar? You're not alone.
In fact, the supplier value management (SVM) market continues to grow as more and more CPOs realize their old enterprise resource planning (ERP) modules just weren't cutting it anymore.
