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If you’re planning a transition to eProcurement, you’ve likely come up against the question “who should pay for this?” The pandemic put a strain on already tight public sector budgets and demand for new projects only continues to climb. What is vendor-paid eProcurement? And for good reason. powered by Sounder.
eProcurement solutions are helping government agencies not only overcome those challenges but create new efficiencies never before possible, manage spend more effectively and deliver more value to the public. The full webinar recording is available on-demand here. If we can deliver additional value beyond our charter, everyone wins.”.
Tools like eProcurement platforms, contract management systems, and supplier portals streamline tasks such as order processing, invoice management, and supplier communication. Whether you’re looking to improve internal processes or meet external demands, a strategic procurement approach will position your organization for long-term success.
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. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.
In this way, they can be ready to face a crisis like Covid-19 or various other potential challenges — extreme weather caused by climate change, consumer demand for sustainable and ethically produced goods, trade wars or political tensions, to name a few. . Watch the full webinar on-demand here.
The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). In the Forrester reports, Ivalua and Coupa appear as leaders in both the S2C and eprocurement Wave reports.
The first, authored by Duncan Jones and published on December 10, is The Forrester Wave : eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). In the Forrester reports, Ivalua and Coupa appear as leaders in both the S2C and eprocurement Wave reports.
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 ensures contracts remain favorable and all stakeholders comply with negotiated terms.
Andrew Cochran , State eProcurement Manager, State of Ohio Department of Administrative Services. The full recording is available on-demand here ). Ivalua’s comprehensive Source-to-Pay eProcurement solution can help you get on the path to Procurement transformation. Begin Your Journey to Transformation.
While eProcurement punchout catalogs are a popular solution, they only work in some categories of spend and are prone to compliance problems. Co-operatives (or Co-ops), on the other hand, centralize demand and have the effect of lowering prices by leveraging buying power while still preserving choice.
While it’s important to have the big picture, you can’t expect to predict the exact demands facing you as a Procurement professional 5 years from now. The future is destined to bring us a lot of change as times are more unpredictable than they’ve ever been before.
An eProcurement platform that automates P2P journey can help teams implement the helpful recommendations outlined in this post, while reducing costs and effort, and setting the stage for building strong and productive supplier relationships. . Instead, Automate! . Becoming an AP superhero isn’t about making things more complex.
Does the organisation have the right policies, processes and technology in place to meet these demands? Procurement leaders can use it as an argument for reviewing how outsourcing is carried out and managed, from strategy through supplier selection to performance management and contract end- of-life.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Christopher Bourez, Artificial Intelligence Architect at Ivalua. Many of our customers leverage our contract management solution for both authoring or contract repositor.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Christopher Bourez, Artificial Intelligence Architect at Ivalua. Many of our customers leverage our contract management solution for both authoring or contract repository.
Risk factors, regulatory changes, and greater demand for innovation are obstacles that are here to stay but with the help of smart procurement technology, they are issues that the modern CPO will be able to tackle with minimal fuss.
The nature of Public Sector Procurement demands a high level of sensitivity to perceptions of processes, communications, and access. Michael Arthur, Federal Business Development Leader at Ivalua.
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