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The Benefits of Procure-to-Pay

ivalua

Paying ad hoc is inefficient; it always takes longer and allows cash – that could be earning interest – out of an account sooner than it needs to go. A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Electronic capture of all B2B transactions. Case in Point.

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DoD award lead times increased for higher value contracts

Federal News Network

A government watchdog agency said that while there have been improvements in contracting processes since DoD began collecting data to measure PALT in 2018, the award lead times vary depending on total contract value, contracting approach, contract type, extent of competition and the type of product or service procured.

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Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

According to the MarketLinks blog, Sustainable Public Procurement and the Business Environment , “taxpayers around the world are increasingly holding governments accountable to spend public funds for their social and economic benefit in a sustainable manner. Departments may need fewer printers, for example, as they digitize more processes.

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The Benefits of Procure-to-Pay

ivalua

Paying ad hoc is inefficient; it always takes longer and allows cash – that could be earning interest – out of an account sooner than it needs to go. A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Electronic capture of all B2B transactions. Case in Point.

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Advances in the new international taxation and challenges for Latin America and the Caribbean

Inter-American Development Bank

The second measure is to implement a Global Minimum Tax on corporates so that the accounting profits of multinationals are subject to an effective minimum tax rate of 15%. New features of the proposal It is important to acknowledge that is a very innovative proposal. Reform challenges The proposal also poses significant challenges.

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Navigating the 5 Steps of the Procurement Journey Part 2

The Procurement School

To ensure bidders are qualified to provide the required good / service it is recommended they score at or above a minimum technical threshold to proceed to the next evaluation stage. All related documentation is filed electronically and retained according to each organization’s document retention policy.

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what is the difference between public and private sector procurement?

The Procurement School

In addition to other stakeholders, the public sector is accountable to taxpayers and auditors, while the private sector is under the watchful eye of a company’s board and its shareholders. similarities of public and private procurement There are many similarities between public-and private-sector procurement practices.