Remove Purchasing Remove Real-time Visibility Remove Supplier
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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.

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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.

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

ivalua

In order to truly cross this chasm, your business does not require major construction, but simply a supplier self-service portal. Ultimately, from an Accounts Payable perspective, they are tail-end suppliers, or even a one-time supplier. This portal acts as a bridge between the Invoice and the Electronic Payment.

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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? The same is true of the suppliers that will interact through any solution. Stakeholders, users, and suppliers must be aware of the value and benefit of the project. .