Trends in Source to Pay Automation

According to a report, 56% of Source to Pay tasks are fully or largely automatable. This highlights a great opportunity, as more and more companies are rigorously inspecting the core processes that run their business, seeking areas to add efficiency in the Source to pay process. The source-to-pay process includes strategic procurement activities like spend […]

Sourcing Automation and Trends

Procure to Pay processes hold the potential to restrict and tie-down businesses instead of acting as the wind beneath their wings. While these processes can be leveraged to interact and innovate with suppliers, the associated complexities can drive suppliers away and have a negative effect on the bottom line.

Automate Your P2P Processes to Bring Down Procurement Cost and Improve Governance

As the pressure to drive cost and time savings intensify, finance leaders, realize they need to be agile. Investing in procure-to-pay automation reduces stress levels for finance teams, ensures efficient operations, and improves spending transparency. Addressing strategic priorities and refining processes provides the necessary support for finance leaders to step into a more strategic role. […]

Good Practices in Supplier Information Management and Vendor Onboarding Automation

In larger organizations, supplier information is typically fragmented across departmental, line of business and/or regional applications. In most cases, this means it’s inaccurate, inconsistent, incomplete and disconnected across the different siloed systems. Adding, changing or correcting information in one system doesn’t automatically update it in other systems. As a result, supply chain, sourcing and buying […]

Leverage Velocious SRM to Reduce Procurement Costs

With Velocious Supplier Relationship Management enterprises could automate the engagement with their suppliers across the lifecycle, right from RFP/RFI issuance to supplier registration, issuance of PO, receiving of electronic invoices, processing of invoices and intimation of payments. The solution combines the unique features and integrations with the Accounts Payable / ERP solution to deliver a […]

Leverage Velocious SRM to Reduce Your Procurement Cost and Enhance Governance

Effective supplier communications empower an enterprise in increasing visibility, reducing costs, minimizing supplier-related risks and maintaining excellent service deliverability. The key to building relationships with suppliers that are mutually beneficial, strong, and durable is being able to provide them with an experience that is always efficient and personalized. Supplier performance is likely to also improve […]

Good Practices in Procure to Pay Digital Transformation

Procure to Pay processes hold the potential to restrict and tie-down businesses instead of acting as the wind beneath their wings. While these processes can be leveraged to interact and innovate with suppliers, the associated complexities can drive suppliers away and have a negative effect on the bottom line.

Fireside Chat with Sudhir Banerjee, ABB

Our founder director, Srividya Kannan, speaks to Sudhir Banerjee, Head of Global Business Services, ABB. They discuss the future trends for shared services, landscape of talent demand, governance mechanism in multi-function shared services and next generation shared services leaders.