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The Benefits of Procure-to-Pay

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At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Spend is led away from preferred suppliers. Lots of new suppliers added on a regular basis.

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8 Tips to Help Procurement Optimize Supplier Master Data

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Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy.

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How Green Supply Chain Strategies will help your Company Grow

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All industrial sectors need to be aware of the environmental impact of their supply chains with CDP International, a NGO stating in their 2019 report that the emissions from an organisation’s end to end supply chain is 5 times more than the organisation’s direct operations. . How to address Green Supply Chain Management?

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John Cockerill selects Ivalua spend management to digitize all procurement processes and cover all spend in one single system

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John Cockerill was looking for a unified end-to-end spend management platform to be deployed across 4 business units in 22 countries, helping to reduce administrative tasks for the buyers, improve the fluidity of the procurement process and optimize collaboration between internal stakeholder and suppliers in a highly secure environment.

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Sustainability in Procurement: Strategies and Challenges

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Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.

article thumbnail

The Benefits of Procure-to-Pay

ivalua

At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Spend is led away from preferred suppliers. Lots of new suppliers added on a regular basis.

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How Procurement Can Add Value To Supplier Master Data Management

ivalua

Master supplier data doesn’t just matter to Procurement. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line. Spend analysis — Improves negotiation position and leverage and increases contract compliance by correctly aggregating spend to the appropriate parent supplier.