article thumbnail

What is eProcurement?

ivalua

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Think about all the users (requisitioners, approvers) of a P2P process and the amount of time they spend purchasing if the process is inefficient.

article thumbnail

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

Key Takeaways Aspect Impact of Blockchain Transparency Ensures real-time visibility and traceability of transactions. From issuing purchase orders to confirming receipt of goods and services, smart contracts can significantly reduce the bureaucracy and paperwork traditionally associated with public procurement.

article thumbnail

Ivalua Payments Part II: Using Payments to Become the Customer of Choice

ivalua

Ultimately, from an Accounts Payable perspective, they are tail-end suppliers, or even a one-time supplier. These individuals are therefore looking to receive purchase orders and contracts electronically; they are going to check for changes or new business via their mobile device. How to Deliver Interconnected Payments.

article thumbnail

Streamlining Public Procurement: 6 Strategies for Efficiency and Compliance

ivalua

If the organization is not ready or able for a complete procurement system, can a system be deployed in a modular fashion over time building on the previous efforts? Users must understand how the project will save time and improve accuracy and consistency throughout the entire process. Improving Collaboration .