Remove Contract Remove Contract Management Remove Eprocurement
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10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution)

Bonfire

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. Procurement software offers a one-stop solution that covers the whole range of contract management challenges.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Leverage Group Purchasing and Cooperative Contracts for Cost Efficiency One of the most effective ways to streamline procurement is by using group/cooperative purchasing contracts. For instance, instead of conducting lengthy RFP processes, your team can access ready-made contracts with industry leading suppliers.

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The Opportunity — and Challenges — for Digital Transformation in MENA

ivalua

Enter eProcurement. As MENA organizations continue to move aggressively toward digital transformation, many are adopting eProcurement platforms, to digitize and automate routine, time-consuming tasks throughout the source-to-pay process. Additionally, laws governing data usage remain ambiguous in the region.

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A New Era of Procurement in Europe: Time for Bold Change

Open Contracting Partnership

As the University of Nottingham’s Anna Maria La Chimia pointed out, it’s often workers on insecure, zero-hours contracts. AI, LLMs, machine learning, smart contracts and other technologies can revolutionise procurement, but only if we have the right data to support it. Data-powered red flags strengthen efforts to fight corruption.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.

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Contract Data Management With AI

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. A specific application for Procurement involves contract analysis.

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Contract Analysis leveraging AI – A Technical Overview

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repository. One of the initial use cases the team is tackling is for contract analysis. .