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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. Payments are made without internal approval. Reduced errors, fraud and risk.

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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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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. Payments are made without internal approval. Reduced errors, fraud and risk.

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Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

Needs analysis ensures an accurate understanding of the goods / services being procured. A RACI (responsible, accountable, consulted, informed) chart is an effective project governance tool so that team members understand their responsibilities and to ensure accountability throughout the procurement process.

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The Procurement Act 2023’s Kaleidoscopic View of the Public Interest

University of Bristol

The paper will be published in Legal Studies in due course.(*) Public procurement is concerned with the award of contracts for the supply, for pecuniary interest, of goods, services or works to the public sector.

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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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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. Source-to-Pay is typically broken into two parts – upstream and downstream.