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Difference Between Procure to Pay and eProcurement. Eprocurement or e-procurement comes from electronic procurement. Benefits of an eProcurement Solution. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management.
There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements. Purpose-built procurement software provides a platform for collaboration, helping procurement teams achieve better and faster results.
A couple of weeks ago, ISM and Spend Matters had their first Eprocurement Technology Summit in Baltimore, Maryland on the Inner Harbor. Collaboration, connectivity, and shared experiences are here to stay.” Can I collaborate across cross-functional teams and track progress in real-time?
This year, we’ve invited a wide array of industry thought leaders to join 6 expert panels covering Data Integrity, Sourcing Optimization, Sustainable Procurement, Finance Procurement, Public Procurement, and Federal Procurement. . Measuring eProcurement Success: A Q&A with the State of Ohio’s Andrew Cochran.
Duncan also highlighted his vision for the future technology landscape, with organizations leveraging a set of intelligence platforms for specific business purposes (procurement, finance, customers, etc.) rather than the omniscience promised by ERPs, which has failed.
Collaboration is key to a successful solution and we are able to achieve this with innovative partnerships. This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice.
The conference will address a number of critical issues, such as: How to accelerate the digital transformations required to free capacity, improve decision-making and enable scalable collaboration with suppliers and stakeholders? How to manage today’s crisis, and prepare for the next?
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